For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 586 SW 1st Street in Montevideo, Minnesota is a vacant ±3,300 SF former Burger King on ±1.45 acres, positioned for lease-up, owner-user occupancy, or adaptive reuse. Built in 1997, the freestanding restaurant includes an existing drive-thru lane and two access points connecting to SW 1st Street and US-212/Yellowstone Trail. The parcel sits near the signalized intersection and benefits from proximity to corridors carrying ±2,787 VPD on SW 1st Street and ±5,880 VPD on US-212. B-2 Highway Business zoning permits restaurants, retail sales and services, offices, convenience stores, grocery, auto sales and other highway-oriented commercial uses, supporting restaurant reuse, owner occupancy, lease-up or repositioning. Nearby demand generators include Fiesta City Speedway, Chippewa County Fairgrounds, USPS, downtown Montevideo and the local hospital. The three-mile trade area includes ±6,527 residents, ±$77,473 average household income and 5.73% population growth since 2020. Delivered vacant and free of leases, the Property offers buyers a flexible opportunity to acquire fee-simple commercial real estate at a market-driven basis.
Due Diligence
Location
Montevideo is a western Minnesota regional service center positioned near US-212, US-59 and MN-7. The Property is convenient to downtown, USPS, the local hospital, Chippewa County Fairgrounds and Fiesta City Speedway, supporting daily and event-driven demand. The three-mile trade area includes ±6,527 residents with an average household income of ±$77,473.
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Buyer pays a minimum platform fee of 5% or $20,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
