For Sale: Minneapolis MLS# 6803358
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
This well-maintained, multi-tenant industrial building offers an exceptional investment opportunity for buyers seeking both stability
and strong long-term returns. The property features a diverse tenant mix across warehouse, light manufacturing, and flex spaces — including some Fortune 500 tenants and a commercial kitchen operator who has invested over $2 million in a state-of-the-art facility — providing consistent cash flow and reduced vacancy risk. Zoning allows for a wide range of uses, enhancing long-term leasing flexibility and tenant appeal.
Currently, the property is leased at below-market rental rates, offering meaningful upside as leases renew or are restructured to market levels. Recent capital improvements and proactive management have positioned the asset for continued performance with minimal near-term maintenance. Strategically located just minutes from Downtown Minneapolis with excellent access to I-94, I-394, and Highway 55, this property combines strong fundamentals, steady income, and long-term
growth potential — a compelling opportunity for investors seeking a durable and well-located Twin Cities industrial asset.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1982
State:
MN
Property Style:
Other
Zip Code:
55411
Neighborhood/Area:
Hawthorne
Subdivision Name:
Morrisons Add To North
Interior
Ceiling Height:
Over 20
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
155,250 ft2
Handicap Accessible:
Other
Heating System:
Other
Parking Features:
Parking Lot
Exterior Material:
Other
Lot & Land
Acres:
6.42
Geolocation:
45.009483, -93.279536
Inclusions:
Building, Land, Leases
Lot Dimensions:
x
Zoning:
- Business/Commercial
- Industrial
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Gross Expense:
$600,527
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$361,086
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$361,086
Income
Annual Gross Income:
$1,576,216
Rent
Annual Net Income:
$975,689
Units
Total Units:
8
Miscellaneous
Current Use:
- Commercial
- Industrial
- Office
- Professional Service
- Professional/Office
- Warehouse
Fuel System:
Other
Owner Occupied:
No
Sewer System:
Other
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
Other
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Financially Free, 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.