300 1st Street S, Montgomery, MN 56069 (MLS# 7065550)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 4
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 2696
Garage Stalls: Yes
For Sale or Lease: For Sale
Acres: 0.16
Lot Dimensions: 134x53
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Window Unit(s) Amenities Shared: Deck Appliances: Disposal; Range; Refrigerator CMU Style: Apartments and Retail Construction Status: Previously Owned Current Use: Residential; Retail Exterior: Brick/Stone Flooring: Luxury Vinyl Plank; Wood Foundation: Stone Fuel: Electric; Natural Gas Heating: Baseboard; Forced Air Internet Options: Cable; DSL; Fiber Optic Location Description: Downtown Lock Box Type: Combo Miscellaneous Information: Display Window On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Lawn; Lawn; Maintenance/Repair; Taxes; Trash Collection; Water Parking Characteristics: Paved Lot Roof: Age 8 Years or Less Sewer: City Sewer/Connected Topography: Level Wall Description: Concrete/Block; Drywall Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 424900
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 300
Street Name: 1st
Street Suffix: Street
Street Direction Suffix: S
Postal City: Montgomery
County: Le Sueur
State: MN
Zip Code: 56069
Complex/Dev/Subdivision: City Of Montgomery

Assessments

Tax With Assessments: 6356
Assessment Balance: 0

Building Information

Building Finished SqFt: 5000

More Information

Income and Expenses

Annual Electric Expense: 2880
Annual Fuel Expense: 2676
Annual Gross Income: 58320
Annual Insurance Expense: 6000
Annual Trash Expense: 2040
Annual Water/Sewer Expense: 4020

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Display Window: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 500
Paved Lot: Yes

Sale Options

Sale Includes: Building

Unit 1

Unit Number: Yes
Monthly Rent: 950
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Level: 2nd Level
Leased?: Yes
Lease Expiration Date: 2026-05-30
No. of 1 Bedroom Units: 2

Unit 2

No. of 2 Bedroom Units: 2
Full Baths: Yes
Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1025
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 2

Unit 3

Full Baths: Yes
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 680
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 3

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-05-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 650
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 4

Unit 5

Full Baths: Yes
Lease Expiration Date: 2026-05-30
Leased?: Yes
Level: Main Level
Monthly Rent: 805
Total Bathrooms: Yes
Unit Number: 5

Unit 6

Half Baths: Yes
Lease Expiration Date: 2026-05-30
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: Yes
Unit Number: Retail

Unit Details

Total Units: 6

Unit Information

No. of Efficiency Units: Yes

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: CITY OF MONTGOMERY BLOCK-002 LOTS 1-2
Listing City: Montgomery
Map Page: 999
Municipality: Montgomery
School District: Tri-City United
School District Phone: 507-364-8100
Zip Plus 4: 9690
Property ID Number: 224700140
Tax Year: 2026
Tax Amount: 6356
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Located in the heart of Montgomery, this versatile mixed-use property at 300 1st Street South offers a rare opportunity for both investors and owner-occupants alike. The building features five residential units, including two 2-bedroom units, two 1-bedroom units, and one studio. In addition, the property boasts a spacious commercial unit, ideal for a business owner or additional income stream. A detached garage adds further value and functionality for tenants or storage. Recent updates enhance both the appeal and long-term value of the property, including fresh paint and new flooring throughout two of the residential units, and a new water heater, making this a turnkey opportunity with key improvements already completed. Whether you're looking to expand your portfolio or secure a property with multiple income streams, this well-maintained building within driving distance to the twin cities offers flexibility, updates, and solid investment potential.
Directions: From the Twin Cities, take US-169 south toward Montgomery. Turn east onto 1st Street South and continue into town. The property at 300 1st Street South will be located on your right.

Accessible

None: Yes

Air Conditioning

Window Unit(s): Yes

Amenities Shared

Deck: Yes

Appliances

Disposal: Yes
Range: Yes
Refrigerator: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Flooring

Luxury Vinyl Plank: Yes
Wood: Yes

Foundation

Stone: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes
Forced Air: Yes

Internet Options

Cable: Yes
DSL: Yes
Fiber Optic: Yes

Lock Box Type

Combo: Yes

Owner Pays

Lawn: Yes
Maintenance/Repair: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Deck: Yes

Roof

Age 8 Years or Less: Yes

Sewer

City Sewer/Connected: Yes

Topography

Level: Yes

Wall Description

Concrete/Block: Yes
Drywall: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Apartments and Retail: Yes

Current Use

Residential: Yes
Retail: Yes

Location Description

Downtown: Yes