222 1st Street S, Montgomery, MN 56069
sale
$539,900
|
Apartment
Courtesy Of RE/MAX Advantage Plus
Iconic Main Street Landmark- Incredible Investment Opportunity! Discover the historic Monty Bar & Hotel, prominently situated on a highly visible corner lot in the heart of downtown. This impressive brick commercial building offers nearly 17,000 sq ft of character, history and endless possibilities. The main level features a well established bar, proudly operated by the same owner for 41 years, along with spacious rentable party room, formerly a restaurant. A longtime community gathering place where friendships and memories have been made for generations. The third level offers a charming hotel with 12 guest rooms and one-bedroom apartment, capturing the warmth and nostalgia of yesteryear. The fourth level features 10 additional rooms awaiting TLC and a new vision. An unfinished basement provides abundant storage and utility space. Sale includes equipment, furniture and fixtures. Continue the legacy or explore exciting possibilities for apartments, condos, vacation rentals, retail or mixed-use development, subject to approvals. A rare opportunity to own a piece of Main Street history and bring new life to this treasured landmark.
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Property Features
- Age: Over 50 Years Old
- Appliance: Water Softener - Owned
- Exterior Type: Brick
- Heating System: Zoned
- Heating System: Baseboard
- Heating System: Forced Air
- MLSID: 7169933
- Roof Type: Flat
- Roof Type: Rubber
- Roof Type: Tar/Gravel
- Rooms: Basement
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