For Sale: Minneapolis MLS# 6742622
Active
$624,500
Commercial: Other
Built 1910
0.1 acres
Minneapolis schools
MLS# 6742622
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Property Description
- Phase II Environmental Report is Complete. Contact Brokers for details
- Same Owner for 26 Years
-Prime Highly Desirable South Minneapolis Location.
-Excellent 1031 Tax Exchange Opportunity
-Stable Tenancy - Retail Tenant Lease Ends 12/31/2030
-CM1 Zoning on Corner of Lyndale Ave S & W 37th St
-Below Market Rents - Significant Upside Potential
-2 Car Garage + 2 Car Parking Lot for Retail Tenant
-Standalone Corner Mixed-Use - Great Curb Appeal.
-Contact Brokers for Rent Roll with Expenses
-DO NOT DISTURB TENANTS.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$624,500
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1910
State:
MN
Property Style:
Other
Zip Code:
55409
Neighborhood/Area:
King Field
Subdivision Name:
Elisha Morses Add
Exterior
Garage Spaces:
2
Garage Size:
100 ft2
Other Parking Spaces:
2
Foundation Size:
2,604 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Detached
- Off Site
- Open
- Paved
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.1
Geolocation:
44.935748, -93.287799
Inclusions:
Building, Leases
Lot Dimensions:
121 x 37
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$14,489
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,537
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Professional Service
- Professional/Office
- Residential
- Retail
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water 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.