For Sale: Minneapolis MLS# 6654590
Active
$1
Commercial: Business Opportunity
Built 1937
0.2 acres
Minneapolis schools
MLS# 6654590
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Property Description
The iconic Avalon Theater is nestled in the vibrant East Lake Street neighborhood of Midtown Phillips. It is in the heart of a bustling Opportunity Zone, which can offer certain tax incentives to investors. Notable for the signature art deco exterior façade and towering marquee, this expansive space accommodates a variety of potential uses ranging from theater to community or educational space, place of worship, or fitness center. The options are truly vast. The building features a newly remodeled office, kitchenette, and board room (2021), updated HVAC system (2018), as well as an ADA bathroom on the main level. It has excellent visibility on a commercial corridor, strong connection to public transit, freeway access, & an array of restaurants, area businesses and a thriving residential community.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1937
State:
MN
Property Style:
Business Opportunity
Zip Code:
55407
Neighborhood/Area:
East Harriet
Interior
Basement Details:
None
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
10,680 ft2
Handicap Accessible:
Other
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.2
Geolocation:
44.92922, -93.301097
Inclusions:
Building, Land
Lot Dimensions:
8391
Addl Parcels:
3502924430153
Zoning:
Business/Commercial
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$1,191
Lender-owned:
Not disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$1,991
Units
Total Units:
1
Miscellaneous
Current Use:
- Commercial
- Event Space
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
Available Utilities:
Hot Water Common
Water System:
City Water - In Street
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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.