For Sale: Minneapolis MLS# 6687830
Active
$1,100,000
Commercial: Retail/Shopping Center
Built 1890
0.1 acres
Minneapolis schools
MLS# 6687830
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Property Description
Excellent opportunity for cash flowing investment in South Minneapolis. This Multi Unit Building is fully rented and recently remodeled. 4 retail spaces on main floor and 12 individual offices upstairs. Call for a tour today.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,100,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1890
State:
MN
Property Style:
Retail/Shopping Center
Zip Code:
55404
Neighborhood/Area:
Midtown Phillips
Interior
Ranges:
Four
Refrigerators:
Four
Basement Details:
Full
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
2,885 ft2
Handicap Accessible:
None
Heating System:
Other
Parking Features:
On-Street Parking Only
Unit Amenities:
Hardwood Floors
Exterior Material:
Stucco
Roof Details:
Flat
Lot & Land
Acres:
0.1
Geolocation:
44.958897282, -93.2597610528
Inclusions:
Building, Leases
Lot Dimensions:
55X82
Zoning:
Business/Commercial
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
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$18,378
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$18,378
Income
Annual Gross Income:
$103,200
Rent
Annual Net Income:
$84,822
Units
Total Units:
7
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Professional/Office
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
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Listing provided by RMLS,
courtesy of Realty Inc.
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.