$1,050,000

3208 Hennepin Avenue

Minneapolis MN, 55408

Description

Expansive, 4,747 SF, C1-Zoned property is located in the heart of uptown. Incredible visibility on Hennepin Ave with signage specs which transfer with the sale. Features meticulously restored and maintained woodwork and stained glass throughout. A flat-roof addition was completed to the rear of the building in 1985, adding square footage and a separate entry for the lower-level space. This is an awesome opportunity to owner-occupy or purchase to rent. The sale price is predicated on estimated rents in the area. Previous owner/occupant lease was $96,000 gross. The sale of the business will also be considered. Price to be determined. M.E.P.: Recent upgrades include new electrical service, new/separate electrical panels and mini-split(s). Property features 1 boiler, 1 forced air furnace, 2 hot water heaters, and electric baseboard. Laundry located in the basement. Employee room features a refrigerator, sink, dishwasher.

Details

MLS#5568991
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1905
Days On Site206

Features

Units1

Market Activity 55408

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Area Information
StateMN
CountyHennepin
CityMinneapolis
Zip Code55408
Listing VS Median (in 55408)
Price:
$1,050,000
low | high
Med:
$277,400
100% of Average
On Site:
206
low | high
Med:
133
100% of Average
Listing Updated: February 12, 2021 4:49:27 PM PST
Brian Hauke LogoMLS Number: 5568991
Listing Provided By:
Brian Hauke  of  Market Fare LLC

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