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101 S 1st St 26,200 SF Vacant Office Building Montevideo, MN 56265 For Sale

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INVESTMENT HIGHLIGHTS

  • Flexible Floorplan
  • Welcoming City Government
  • Multiple Use Anticipated

EXECUTIVE SUMMARY

BRING ALL OFFERS. Motivated Seller. This former bank is located in the heart of Downtown Montevideo. Currently vacant and open to single or multiple office
tenants, or for a total repurpose and possible redevelopment to multi-housing, senior-housing, or other residential use.
The City of Montevideo has indicated a favorable reception to different use scenarios.
This redevelopment opportunity offers an investor a chance to obtain a solid investment property at a very reasonable
price of $32 PSF.

ATTACHMENTS

Sale Flyer

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
26,200 SF
Building Class
C
Year Built
1910
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,550 SF
Building FAR
2.86
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
Commercial Downtown Distr - Commercial Downtown District

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Basement
  • 1,000 SF
  • Office/Retail
  • -
  • Now

Private Entrance to 1000 sq/ft office space that includes 5 offices and Reception area or an Meeting Room. Private access to Restrooms. Natural light, handicap access, lots of parking available. Rent: $750/m Security Deposit: $850 Owner pays utility taxes. Utilities are $100 per month. Total rent and utilities $850.

  • Basement-Ste Basement
  • 8,000 SF
  • Office/Retail
  • Full Build-Out
  • Now

7,000 to 9,000 square feet of finished space. Perfect for office, school, banking, medical, accounting, light manufacturing, day care... Basement level has 3 private entrances and a drive through, 2 private bathrooms with an additional space to install showers if needed. Offers many amenities: full and very spacious kitchen, multiple private offices, spacious meeting rooms, 150 sq/ft walk-in safe with few hundred lockable lockers, tons of storage, secured phone room, secured server room and much more... Lots of parking available. Easy access to city park. Rent is $2500/m plus utilities. Actual space size and rent can be adjusted based on client's needs. Contact for details.

  • 1st Floor
  • 11,000 SF
  • Office/Retail
  • Full Build-Out
  • Now

Rent is negotiable and discounts are available for higher square footage leased. 101 South First Street, Montevideo. Need space for your growing team and business? Looking for a prominent location to generate more traffic to your business? Don't want the expense of additional furniture? Office, Retail, Medical, Banking, Law, Accounting. Perfect for any business. Discover the OFFICE PLAZA on Main Street, Montevideo and find limitless possibilities! This property's square footage can be broken down to accommodate your business or team. This building features: 17,000 sq feet of Commercial Space. Fully furnished offices. Great Downtown Venue. High Traffic and Visual Location. Central Forced Air cooling. Heating: Forced Air, Hot Water. Heating Fuel Type: Natural Gas. City Water and Sewer Connection. Main Street Parking. City Parking lot in Rear. For more information please give Gal a call at 612-701-4436

  • 2nd Fl-Ste 201
  • 5,000 SF
  • Office/Retail
  • Full Build-Out
  • Now

Rent is negotiable, please contact for details. The second floor suite of 101 S 1st St is mostly a modern office space with seven private offices and multiple conference rooms. Perfect for medical, office, professional services and more. Owner Pays taxes. Renter pays utilities. Lot's of parking at the back of the building.

  • Mezzanine
  • 1,200 SF
  • Office/Retail
  • Full Build-Out
  • Now

Rent is negotiable and discounts are available for higher square footage leased. 101 South First Street, Montevideo. Need space for your growing team and business? Looking for a prominent location to generate more traffic to your business? Don't want the expense of additional furniture? Office, Retail, Medical, Banking, Law, Accounting. Perfect for any business. Discover the OFFICE PLAZA on Main Street, Montevideo and find limitless possibilities! This property's square footage can be broken down to accommodate your business or team. This building features: 17,000 sq feet of Commercial Space. Fully furnished offices. Great Downtown Venue. High Traffic and Visual Location. Central Forced Air cooling. Heating: Forced Air, Hot Water. Heating Fuel Type: Natural Gas. City Water and Sewer Connection. Main Street Parking. City Parking lot in Rear. For more information please give Gal a call at 612-701-4436

Space Size Space Use Condition Available
Basement 1,000 SF Office/Retail - Now
Basement-Ste Basement 8,000 SF Office/Retail Full Build-Out Now
1st Floor 11,000 SF Office/Retail Full Build-Out Now
2nd Fl-Ste 201 5,000 SF Office/Retail Full Build-Out Now
Mezzanine 1,200 SF Office/Retail Full Build-Out Now

Basement

Size
1,000 SF
Space Use
Office/Retail
Condition
-
Available
Now

Basement-Ste Basement

Size
8,000 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

1st Floor

Size
11,000 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 201

Size
5,000 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

Mezzanine

Size
1,200 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

Basement

Size 1,000 SF
Space Use Office/Retail
Condition -
Available Now

Private Entrance to 1000 sq/ft office space that includes 5 offices and Reception area or an Meeting Room. Private access to Restrooms. Natural light, handicap access, lots of parking available. Rent: $750/m Security Deposit: $850 Owner pays utility taxes. Utilities are $100 per month. Total rent and utilities $850.

Basement-Ste Basement

Size 8,000 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

7,000 to 9,000 square feet of finished space. Perfect for office, school, banking, medical, accounting, light manufacturing, day care... Basement level has 3 private entrances and a drive through, 2 private bathrooms with an additional space to install showers if needed. Offers many amenities: full and very spacious kitchen, multiple private offices, spacious meeting rooms, 150 sq/ft walk-in safe with few hundred lockable lockers, tons of storage, secured phone room, secured server room and much more... Lots of parking available. Easy access to city park. Rent is $2500/m plus utilities. Actual space size and rent can be adjusted based on client's needs. Contact for details.

1st Floor

Size 11,000 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Rent is negotiable and discounts are available for higher square footage leased. 101 South First Street, Montevideo. Need space for your growing team and business? Looking for a prominent location to generate more traffic to your business? Don't want the expense of additional furniture? Office, Retail, Medical, Banking, Law, Accounting. Perfect for any business. Discover the OFFICE PLAZA on Main Street, Montevideo and find limitless possibilities! This property's square footage can be broken down to accommodate your business or team. This building features: 17,000 sq feet of Commercial Space. Fully furnished offices. Great Downtown Venue. High Traffic and Visual Location. Central Forced Air cooling. Heating: Forced Air, Hot Water. Heating Fuel Type: Natural Gas. City Water and Sewer Connection. Main Street Parking. City Parking lot in Rear. For more information please give Gal a call at 612-701-4436

2nd Fl-Ste 201

Size 5,000 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Rent is negotiable, please contact for details. The second floor suite of 101 S 1st St is mostly a modern office space with seven private offices and multiple conference rooms. Perfect for medical, office, professional services and more. Owner Pays taxes. Renter pays utilities. Lot's of parking at the back of the building.

Mezzanine

Size 1,200 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Rent is negotiable and discounts are available for higher square footage leased. 101 South First Street, Montevideo. Need space for your growing team and business? Looking for a prominent location to generate more traffic to your business? Don't want the expense of additional furniture? Office, Retail, Medical, Banking, Law, Accounting. Perfect for any business. Discover the OFFICE PLAZA on Main Street, Montevideo and find limitless possibilities! This property's square footage can be broken down to accommodate your business or team. This building features: 17,000 sq feet of Commercial Space. Fully furnished offices. Great Downtown Venue. High Traffic and Visual Location. Central Forced Air cooling. Heating: Forced Air, Hot Water. Heating Fuel Type: Natural Gas. City Water and Sewer Connection. Main Street Parking. City Parking lot in Rear. For more information please give Gal a call at 612-701-4436

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
70-818-1225
Land Assessment
$16,200
Improvements Assessment
$168,500
Total Assessment
$184,700
  • Listing ID: 34973510

  • Date on Market: 2/28/2025

  • Last Updated:

  • Address: 101 S 1st St, Montevideo, MN 56265

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