For Sale: Minneapolis MLS# 6689797
Active
$1,895,000
Commercial: Retail/Shopping Center
Built 1929
0.29 acres
Minneapolis schools
MLS# 6689797
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Prime Investment Opportunity!
This 16, 000 sqft. commercial property features 6 independent units, each with its own bathroom and separate utilities, allowing tenants to cover their own basic services
With long-term tenants already in place, this property ensures stability and consistent cash flow. Plus, current rental rates are below market value, offering significant potential for increased revenue.
Don�??t miss out on this fantastic investment! Contact us today for more details.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,895,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1929
State:
MN
Property Style:
Retail/Shopping Center
Zip Code:
55411
Neighborhood/Area:
Jordan
Subdivision Name:
Forest Heights
Interior
Basement Details:
- Full
- Partially Finished
- Storage Space
Exterior
Garage Spaces:
0
Other Parking Spaces:
6
Foundation Size:
8,300 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Hot Water
Parking Features:
Open
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
0.29
Geolocation:
45.003799, -93.307542
Inclusions:
Building
Lot Dimensions:
12632
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Gross Expense:
$11,304
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$20,702
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$20,702
Income
Annual Gross Income:
$97,073
Rent
Annual Net Income:
$85,769
Units
Total Units:
6
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Other
- Restaurant
- Retail
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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 |
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
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.