For Sale: Minneapolis MLS# 6670348
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Property Description
The Regional Acceleration Center (RAC Building) was built in 2018 & is located at Penn & Plymouth Ave. N in Minneapolis. The building offers modern office and retail space in close proximity to downtown, Broadway Ave,
Theodore Wirth Park, hwy 55, bike routes, & public transport. Ample underground
parking in adjoining ramp. Building includes shared lobby that is monitored during regular business hours & shared elevators.
Level 1 (L1) retail spaces offer street visibility w/ private entrances, offices & executive suites, conference room, common area, kitchenettes, & ADA
bathrooms.
Level 4 (L4) is a large area that can be subdivided into smaller spaces (i.e. 2500-3500 SF range), + private office suites.
Huge rooftop terrace, with stunning views of Minneapolis skyline, available for tenants to use daily as well as rent for special events. Ideal for destination retail use such as a bank, dentist or service-related office like accounting, law firm or non-profit.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$16
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
99
County:
Hennepin
Year Built:
2018
State:
MN
Property Style:
Other
Zip Code:
55411
Neighborhood/Area:
Near - North
Subdivision Name:
Cic 2090 Rac Ramp Condo
Exterior
Stories:
Three Or More
Garage Spaces:
99
Other Parking Spaces:
174
Air Conditioning:
Central Air
Foundation Size:
17,400 ft2
Handicap Accessible:
Accessible Elevator Installed, Grab Bars In Bathroom, Hallways 42"+, Door Lever Handles
Heating System:
Forced Air
Parking Features:
Underground
Shared Amenities:
- Elevator(s)
- Fire Sprinkler System
- Other
- Patio
Exterior Material:
- Metal Siding
- Other
Lot & Land
Acres:
1.31
Geolocation:
44.991097, -93.307596
Inclusions:
Leases
Lot Dimensions:
174000
Zoning:
- Business/Commercial
- Residential-Single Family
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10
Lender-owned:
Not disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
None
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Current Use:
Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
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.