For Sale: Montevideo MLS# 6679431
Active
$225,000
Commercial: Business Opportunity
Built 1905
0.06 acres
Montevideo schools
MLS# 6679431
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Property Description
Here is a rare chance to own a piece of Montevideoâ??s historyâ??Valentinoâ??s Restaurant is ready for its next chapter. A cornerstone of the community for decades, this well-loved establishment is being sold as a fully equipped, operational restaurant space. From tables, booths, kitchen equipment, industrial mixers, even the glassware and flatware, right down to the bulk spicesâ??it is a true turn-key opportunity for a restaurant operator or investor to re-open or reimagine the space. Spanning two attached buildings, the layout includes a main dining area in one of the buildings and a more open dining space with vaulted ceiling in the second, allowing for flexible use. The craftsmanship throughout reflects the work of Gabe Valentino, a skilled carpenter who did much of the woodwork by hand, adding warmth and character to the space. Beyond the restaurant, this property has a leased, finished apartment and a second unfinished unit that offers additional revenue potential. Recent improvements include a newer AC system and a roof membrane (to be installed).
Whether you're an investor looking to add a revenue-generating property to your portfolio or a restaurateur eager to establish a presence in Montevideo, this is a turn-key opportunity worth exploring.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$225,000
Property Type:
Commercial
City:
Montevideo
Garage Spaces:
0
County:
Chippewa
Year Built:
1905
State:
MN
Property Style:
Business Opportunity
Zip Code:
56265
Subdivision Name:
Frinks 1st Add
Interior
Appliances Included:
- Range
- Refrigerator
Basement Details:
Other
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
2
Air Conditioning:
Central Air
Foundation Size:
5,000 ft2
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, Door Lever Handles, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Assigned
- More Parking Onsite for Fee
- On-Street Parking Only
- Units Vary
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Brick/Stone
Roof Details:
- Rubber
- Tar/Gravel
Lot & Land
Acres:
0.06
Geolocation:
44.945167, -95.72387
Inclusions:
Building, Business Assets, Fixture/Equipment, Inventory
Lot Dimensions:
7500
Addl Parcels:
701651125
Zoning:
Business/Commercial
Schools
School District:
129
District Phone:
320-269-8833
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,968
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,968
Units
Total Units:
2
Miscellaneous
Current Use:
Restaurant
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.