For Sale: Minneapolis MLS# 7046184
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Property Description
Very unique opportunity to redevelop this property into large 100+ unit multi family building. 19 Unit Building. 12 Residential Units (8 - 1 Bedrooms, 4 - 2 bedrooms) - 6 Commercial Units - 1 Large warehouse unit.
Located on a main busy road in NE Minneapolis close to downtown.
128 x 174 corner lot on High-Volume Arterial Road.
Seller financing can be available.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,850,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
6
County:
Hennepin
Year Built:
1897
State:
MN
Property Style:
Other
Zip Code:
55418
Neighborhood/Area:
43
Subdivision Name:
Wilsons Rgt Blks East Side Add
Interior
Bedrooms:
0
Bathrooms:
0
Refrigerators:
One Per Unit
Exterior
Garage Spaces:
6
Garage Size:
3,000 ft2
Foundation Size:
12,166 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Paved Lot
Road Frontage:
City Street
Lot & Land
Acres:
0.52
Geolocation:
45.007651, -93.247909
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
128 x 175
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
558
District Phone:
6126680000
Expenses
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$26,204
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$26,204
Income
Annual Gross Income:
$297,000
Units
Total Units:
19
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Residential
- Restaurant
- Retail
- Warehouse
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
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 Results.
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.