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For Sale:  Minneapolis MLS# 6808070

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Active NEW!
$3,400,000
/mo Edit
Commercial:  Office
Built 1957
0.76 acres
Minneapolis schools
MLS# 6808070
763-576-8286
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    Property Description

    This building and site represent a rare opportunity for an owner/user or investor to secure a fantastic fully renovated office/flex building on a stretch of Nicollet ave poised for tremendous growth as Nicollet Ave is full opened to the South. The 3/4 acre site features (2) parking lots on either side of the building for 55 cars. (The south parking lot offers intriguing development possibilities..) The 2016 renovation included all new electric, plumbing, heating/cooling, new roof, high end exterior and interior finishes, new elevator, and more. The property is fully leased, please do not disturb tenants and do not visit the building without notifying List Agent.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $3,400,000
    Property Type: Commercial
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1957
    State: MN
    Property Style: Office
    Zip Code: 55404
    Neighborhood/Area: Whittier
    Subdivision Name: Cochrans Add

    Interior

    Refrigerators: Two
    Appliances Included:
    • Dishwasher
    • Dryer
    • Gas Water Heater
    • Microwave
    • Refrigerator
    • Wall Oven
    • Washer
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 2
    Other Parking Spaces: 55
    Air Conditioning: Central Air
    Foundation Size: 6,325 ft2
    Handicap Accessible: Doors 36"+, Accessible Elevator Installed
    Heating System: Forced Air
    Parking Features:
    • Attached Garage
    • Parking Lot
    Exterior Material:
    • Aluminum Siding
    • Brick/Stone
    • Fiber Cement
    • Steel Siding
    • Wood Siding
    Roof Details:
    • Age Over 8 Years
    • Rubber

    Lot & Land

    Acres: 0.76
    Geolocation: 44.958015, -93.277455
    Inclusions: Building
    Lot Dimensions: 267 x 125
    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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $90,719
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $95,812

    Income

    Annual Gross Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 1

    Miscellaneous

    Current Use: Office
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Leverage Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.