For Sale: Montgomery MLS# 7169933
Active
NEW!
$539,900
Commercial: Other
Built 1910
0.16 acres
Tri-City United schools
MLS# 7169933
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Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$539,900
Property Type:
Commercial
City:
Montgomery
Garage Spaces:
0
County:
Le Sueur
Year Built:
1910
State:
MN
Property Style:
Other
Zip Code:
56069
Subdivision Name:
City Of Montgomery
Interior
Appliances Included:
Water Softener Owned
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Three Or More
Garage Spaces:
0
Foundation Size:
4,412 ft2
Foundation Dimensions:
4412
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
- Zoned
Parking Features:
- Guest Parking
- Parking Garage
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
Brick
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
- Tar/Gravel
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.16
Geolocation:
44.436783, -93.581503
Inclusions:
Building, Business, Fixture/Equipment, Land
Lot Dimensions:
134 x 44
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
2905
District Phone:
5073648100
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,040
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,040
Units
Total Units:
13
Miscellaneous
Current Use:
- Bar/Tavern
- Commercial
- Event Space
- Hotel/Motel
- Professional/Office
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
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
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.