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Sold
Sold
$1,250,000  (list price)
$932,000
/mo   Edit
MLS# 5472693
Commercial
Built 1952
0.23 acres
Minneapolis schools
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    Description:   LOCATION; across from Mpls Convention Center! Former Multi Restaurant corporate Bakery/Commissary. Zero Lot Line, w/1406 1st Ave (both for sale). Properties have multiple potential development uses. 1406 1st Ave may be torn down for more parking for 1402 1st. Plenty of power and Food Service build-outs i.e. Kitchen, Sinks, Walk-in Coolers and Freezers. Major developments underway in adjacent block on Nicollet.
    List Price: $1,250,000
    Sold Price: $932,000
    Sold Date: 10/23/2020
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Property Style: Retail/Shopping Center
    Year Built: 1952
    Neighborhood/Area: Loring Park
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55403

    Interior

    Building Fin Sq Ft: 12,000 ft²
    Appliances Included: Exhaust Fan, Refrigerator, Freezer
    Total Refrigerators: Three
    Basement Details: Full, Partially Finished, Block

    Exterior

    Air Conditioning: Central Air
    Heating System: Forced Air
    Foundation Size: 7,000 ft²
    Road Frontage: City Street, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: None
    Exterior Material: Brick/Stone, Block, Other
    Garage Spaces: 0
    Other Parking Spaces: 6
    Roof Details: Flat, Tar/Gravel, Age Over 8 Years

    Lot

    Acres: 0.23
    Lot Description: Corner Lot, Tree Coverage - Light, Zero Lot Line, Public Transit (w/in 6 blks)
    Latitude: 44.96879450
    Longitude: -93.27709884
    Lot Size Dim.: 140x70
    Zoning: Business/Commercial

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Tenant Expenses: Taxes, Insurance, Water, Electricity, Repairs, Janitorial Service, Trash Collection, Snow Removal

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $29,521
    Assessment Pending: Unknown
    Taxes w/ Assessments: $29,521

    Unit

    Total Units: 1

    Miscellaneous

    Current Use: Professional/Office
    Fuel System: Natural Gas
    Miscellaneous: 440 Volt, Loading Dock, Three Phase
    Owner Occupied: No
    Sale Includes: Land, Building, Other
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate
    Utilities: Heating Separate
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

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    Zajac
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    Jeff Zajac
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    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
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