For Sale: Minneapolis MLS# 6751994
Active
NEW!
$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 affordable northside 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
Mortgage Calculator
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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.