For Sale: Minneapolis MLS# 6751994
Active
$317,500
Commercial: Business Opportunity
Built 1921
0.13 acres
Minneapolis schools
MLS# 6751994
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Property Description
Northside Ownership Opportunity! This is an excellent opportunity to launch or expand your real estate portfolio with this Northside Land Trust property. Building currently has one long-term, established tenant + an additional space to lease & build still more equity. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$317,500
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1921
State:
MN
Property Style:
Business Opportunity
Zip Code:
55412
Neighborhood/Area:
Cleveland
Subdivision Name:
Fletcher & Fletchers Add
Interior
Basement Details:
Unfinished
Exterior
Garage Spaces:
0
Other Parking Spaces:
12
Foundation Size:
2,122 ft2
Foundation Dimensions:
38x56
Handicap Accessible:
Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Gravel
- Off Site
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.13
Geolocation:
45.018515, -93.308636
Inclusions:
Building
Lot Dimensions:
43 x 127
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$2,664
Annual Fuel Expense:
$2,736
Annual Insurance Expense:
$9,627
Annual Gross Expense:
$10,225
Annual Water/Sewer Expense:
$2,076
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,075
Lender-owned:
Not disclosed
Assessment Pending:
No
Taxes w/ Assessments:
$8,075
Income
Annual Gross Income:
$22,000
Units
Total Units:
2
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Food Service
- Retail
- Vacant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
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 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.