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116 First Street S

Montgomery, MN 56069

6 beds
7 baths
9,984 sqft
6,664 sqft lot
$70 per sqft
1898 build
– on site

Nearly 10,000sf building on the thoroughfare of 1st Street in Montgomery has been meticulously renovated throughout. The property has a 3500sf main level retail/commercial space with two separate front entrances. This level features original tin ceiling tiles, 14-ft ceilings, laminate flooring and contains a conference/classroom w/ full kitchen, multiple restrooms and an elevator that serves all floors of the building. The layout and rooms of the main floor would allow for easy configuration of two separate commercial spaces with minimal buildout. The second and third floors of the property were renovated in 2018 to create a stunning 5000+sf residence w/ 5bdrms and 4 baths that could be used as a condo-style primary residence, VRBO or event space. The thoughtful renovation kept many original architectural details with new finishes of the highest-level including quartz counters, wood and enameled cabinets in the kitchen, stainless steel appliances including a commercial refrigerator, wood floors and incredible maple built-ins, bathroom vanities and doors throughout. In 2021 a detached garage w/ a one-bedroom apartment above was added to the property. The apartment has a gas fireplace, full bath, complete kitchen, in-unit laundry and its own private entrance. The apartment is connected to the main floor of the residence via a large maintenance-free deck. The garage is sheet rocked with a gas heater, a floor drain and an epoxy floor. With multiple options for income and in particular because the renovations were completed at such a high level, this property is an incredible opportunity with many possibilities.

Listing courtesy of NORTHSTAR / John Canny / RE/MAX Advantage Plus

Last checked: Checking… • Last updated Apr 12, 2025 •

MLS# 6693306 —

The Building

Year Built:

1898
New Construction:

false
Age Of Property:

127
Construction Materials:

Brick/Stone
Roof:

Age Over 8 Years, Rubber
Accessibility Features:

Accessible Elevator Installed, Door Lever Handles
Levels:

More Than 2 Stories
Main Level Finished Area:

3515.0000
Basement:

Crawl Space
Basement:

false
Foundation Area:

3515
Manufactured Home:

No
Building Area Total:

9162
Above Grade Finished Area:

9984

Interior

Dining Room Description:

Living/Dining Room
Fireplace:

true
Fireplaces Total:

2
Fireplace Features:

Gas, Living Room, Other, Stone
Amenities:

Ceiling Fan(s),City View,Deck,French Doors,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Paneled Doors,Skylight,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Wet Bar,Walk-In Closet

Room Dimensions

Living Area:

9984

Location

Directions:

From Minneapolis take 35W south to exit 66. Go west on Millersburg Blvd, right on Independence Avenue and then left on 100th Street W, continuing on Lexington Avenue/Mill Avenue. Turn left on 5th Street, right on Blvd Ave and left on 1st Street. Building will be on your right.
Latitude:

44.438164
Longitude:

-93.581514

The Property

Parcel Number:

TBD
Zoning Description:

Business/Commercial,Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Size Area:

0.15
Lot Size Dimensions:

50x134
Lot Size SqFt:

6664.68
Lot Size Units:

Acres
Road Frontage Type:

City Street, Paved Streets, Sidewalks
Road Responsibility:

Public Maintained Road
Water Source:

City Water - In Street
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5646
Tax With Assessments:

5736.0000

Beds

Bedrooms Total:

6

Baths

Total Baths:

7
Bath Description:

Full Primary,Private Primary,Main Floor 3/4 Bath,Upper Level 3/4 Bath,Upper Level Full Bath
Full Baths:

3
Three Quarter Baths:

2
Half Baths:

2

The Listing

Virtual Tour
Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air
Cooling:

Central Air

Utilities

Sewer:

City Sewer - In Street

Appliances

Appliances:

Dryer, Exhaust Fan, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer

Schools

High School District:

Tri-City United

The Community

Subdivision Name:

City Of Montgomery
Association:

false
Assessment Pending:

No

Parking

Parking Features:

Detached, Concrete, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage
Garage Spaces:

2
Garage Dimensions:

31x29
Garage SqFt:

822

Monthly cost estimate

Asking price

$699,000

Expense	Monthly cost
Mortgage	$3,742
Taxes	$470
Insurance	$192
Utilities	$429 See report
Total	$4,833/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
4/11/25 Apr 11, 2025	Listed / Active	NORTHSTAR	$699,000

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This house located in Montgomery, MN 56069 is currently for sale for $699,000. 116 First Street S is a 9,984 square foot house with 6 beds and 7 baths that has been on Estately for 4 days. This house is in the attendance area of Tri-City United High School, Lonsdale Elementary School, and Montgomery Elementary-Middle School.

Listing Courtesy of: NORTHSTAR and RE/MAX Advantage Plus.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.