For Sale: Minneapolis MLS# 6773663
Active
NEW!
$339,500
Commercial: 1 Story
Built 1922
0.18 acres
Minneapolis schools
MLS# 6773663
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Property Description
Northside Ownership Opportunity! This is an excellent opportunity to launch or expand your real estate portfolio with this Northside Land Trust property. Option to purchase through Land trust or as a standard sale. Building currently approximately 75% occupied with active month-to-month leases & established tenants. Middle store front (3503) currently vacant and being updated. Tons of basement storage and additional bonus space/SF. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$339,500
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1922
State:
MN
Property Style:
1 Story
Zip Code:
55412
Neighborhood/Area:
Cleveland
Subdivision Name:
Utopia
Interior
Basement Details:
Partially Finished
Exterior
Stories:
One
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Other Parking Spaces:
10
Air Conditioning:
Central Air
Foundation Size:
3,310 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Hot Water
Parking Features:
- Gravel
- On-Street Parking Only
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.18
Geolocation:
45.01882, -93.308642
Inclusions:
Building, Land
Lot Dimensions:
60 x 129
Zoning:
- Business/Commercial
- Other
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,777
Lender-owned:
Not disclosed
Assessment Pending:
No
Taxes w/ Assessments:
$7,777
Rent
Annual Net Income:
$42,000
Units
Total Units:
4
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Food Service
- Office
- Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Hot Water Separate
Water System:
- City Water - In Street
- 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 Assembly MN LLC.
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.