For Sale: Minneapolis MLS# 7065912
Active
$875,000
Commercial: Other
Built 2000
0.14 acres
Minneapolis schools
MLS# 7065912
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Property Description
This property presents an opportunity for investors seeking a value add asset with both residential and commercial components. the residential units are naturally occurring affordable housing units with some vacancies, and can be renovated and rented with the potential of a fully stabilized cash flowing asset.
Located along the growing Glenwood Avenue corridor in Minneapolis, this mixed use investment opportunity offers long term upside in the evolving urban Harrison neighborhood adjacent to Bryn Mawr and near downtown Minneapolis. The property consists of 8 residential units, including seven 2-bedroom units and one 3-bedroom unit, along with two main level retail spaces - a restaurant and an open space with an overhead drive in door providing flexibility for a variety of commercial uses.
Commercial spaces include Milda’s Cafe and an additional flexible space known as The Living Room, featuring an open layout, kitchenette, and an overhead drive-in door suitable for a variety of uses.
Additional features include separately metered gas and electric, central heating and air conditioning, shared laundry facilities on each residential level, rear off-street parking, and a lower level basement space with future potential for storage income.
Contact us today for additional information or to schedule a private tour.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$875,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
2000
State:
MN
Property Style:
Other
Zip Code:
55405
Neighborhood/Area:
30
Subdivision Name:
Maben White & Le Brons Add
Interior
Flooring:
Carpet, Vinyl
Refrigerators:
One Per Unit
Appliances Included:
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
Basement Details:
- Full
- Storage Space
- Storage/Locker
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
4,371 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Parking Lot
Unit Amenities:
- Natural Woodwork
- Paneled Doors
Road Frontage:
City Street
Pool:
None
Roof Details:
Tar/Gravel
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
44.981089, -93.303031
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
75 x 124 x 75 x 122
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Electric Expense:
$4,800
Annual Fuel Expense:
$360
Annual Insurance Expense:
$12,000
Annual Maintenance Expense:
$5,000
Annual Trash Expense:
$6,840
Annual Water/Sewer Expense:
$13,200
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$15,523
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$15,523
Units
Total Units:
10
Miscellaneous
Current Use:
- Commercial
- Residential
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
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 Keller Williams Classic Rlty NW.
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.