For Sale: Minneapolis MLS# 6113840
Active
$3,550,000
Commercial: Other
Built 1900
0.13 acres
Minneapolis schools
MLS# 6113840
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Property Description
Price Reduction - The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18, 703 SF with 2 occupied restaurants, 1 occupied retail space, and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Billboard.
The other parcel features a large outdoor patio and parking lot (7 spaces) with 5, 243 SF.
The property is available for the first time in over 30 years. The property is 95% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens.
The restaurants, apartments, and retail feature very tall ceilings and windows throughout. The restaurants and retail spaces have been completely updated. The property has been well maintained and had a new roof installed in 2019. The property is situated in an Opportunity Zone.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,550,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
7
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Other
Zip Code:
55408
Neighborhood/Area:
Whittier
Subdivision Name:
Excelsior Add
Exterior
Garage Spaces:
7
Other Parking Spaces:
7
Foundation Size:
6,234 ft2
Foundation Dimensions:
6234
Handicap Accessible:
Other
Heating System:
Forced Air
Parking Features:
- Detached
- Other
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.13
Geolocation:
44.948541, -93.287676
Inclusions:
Building, Land, Leases
Lot Dimensions:
.12
Addl Parcels:
3402924330107
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$72,051
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$72,051
Land Lease Amount:
0
Units
Total Units:
10
Miscellaneous
Current Use:
- Food Service
- Professional/Office
- Restaurant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water - In Street
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Listing provided by RMLS,
courtesy of Christianson & Company.
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.