101 1St StMontevideo, MN 56265

This exceptional investment opportunity presents a 26,950-square-foot, three-story Class C office building situated on a 0.21-acre lot in Montevideo, Minnesota. Currently vacant, this property offers a significant value-add potential with a 10.29% cap rate and a projected NOI of $36,000. Built in 1910 and renovated in 2010, the building features 100 parking spaces and is ideally suited for a variety of commercial uses, including medical offices, retail spaces, or light industrial applications. Its location in Montevideo provides access to key amenities such as the Chippewa County Regional Airport and CCM Health Emergency Room, contributing to the area's economic stability. The property's size and flexible layout make it a prime candidate for adaptive reuse or a comprehensive turnaround plan. Located approximately 2.5 hours from Minneapolis, this asset offers strong long-term growth potential and represents a compelling opportunity for investors seeking a well-positioned property at a price significantly below replacement cost. The asking price is $350,000, with a current occupancy of 5%, projected to be fully occupied by October 9, 2024. The fee-simple ownership provides complete control and flexibility. This is a rare chance to acquire a substantial office building in a growing Minnesota community.