For Sale: Minneapolis MLS# 6703737
Active
$539,000
Commercial: Other
Built 1901
0.18 acres
Minneapolis schools
MLS# 6703737
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Property Description
Unlock the full potential of this exceptional real commercial real estate package featuring a fully renovated and operational mixed-use building and an adjacent vacant lot in a rapidly growing Opportunity Zone.
Perfectly positioned for developers or business owners, this offering provides a rare chance to capitalize on strong rental income, future development potential, and significant tax incentives.
Located in a high-visibility corridor with strong foot traffic and easy access to major transportation hubs, this property is primed for immediate and long-term success.
Property Highlights:
-Mixed Use Building: Income-producing property with fully-lease, ground floor commercial space and residential units above. Tenants pay all utilities, except water/sewer and trash.
-Adjacent Vacant Lot: Ideal for expansion, new development, or additional parking.
-Located in a Designated Opportunity Zone: Unlock valuable tax benefits and investment growth potential.
-High-traffic Location: Surrounded by thriving business, dining, and residential communities.
-Easy Access to Public Transit & Major Highways: Ensures seamless connectivity for tenants and customers.
-Strong Demand for Commercial & residential Spaces: A sought-after area with increasing property values.
Seize this rare investment opportunity to own, expand, or develop in one of the most promising locations in the market. Whether you're looking to grow your portfolio or establish a dynamic mixed-use hub, this property offers step toward maximizing your investment potential!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$539,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1901
State:
MN
Property Style:
Other
Zip Code:
55411
Neighborhood/Area:
Jordan
Subdivision Name:
Forest Heights
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
1,980 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- On-Street Parking Only
- Other
Exterior Material:
- Block
- Brick/Stone
Lot & Land
Acres:
0.18
Geolocation:
44.999761, -93.299068
Inclusions:
Building, Land, Leases
Lot Dimensions:
22 x 92
Addl Parcels:
1602924240080
Zoning:
- Business/Commercial
- Lot
- Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,526
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$11,786
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Professional Service
- Professional/Office
- Residential
- 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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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.