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Active
$850,000
/mo   Edit
Commercial:  Business Opportunity
Built 1926
0.16 acres
Minneapolis schools
MLS# 6005965
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    Description:   Amazing investment opportunity in the heart of the North Loop. The building is for sale with the current leases. Currently zoned B4S-1. Tenant #1 is a bar/restaurant with a full kitchen and lots of seating. Located right next door is Tenant #2, PedalPub Twin Cities. A creative partnership between the two tenants is a win-win for everyone! Fantastic upside potential!
    List Price: $850,000
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 1926
    Neighborhood/Area: Downtown West
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55401

    Interior

    Building Fin Sq Ft: 5,060 sqft

    Exterior

    Heating System: Forced Air
    Foundation Size: 5,060 sqft
    Handicap Accessible: Wheelchair Ramp(s), Grab Bars In Bathroom
    Exterior Material: Stucco, Block
    Garage Spaces: 7
    Other Parking Spaces: 5

    Lot

    Acres: 0.16
    Lot Description: Public Transit (w/in 6 blks)
    Latitude: 44.98371200
    Longitude: -93.27210500
    Lot Size Dim.: 44x162
    Dev/Complex Name: Town Of Minneapolis
    Zoning: Business/Commercial

    Schools

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

    Expenses

    Tenant Expenses: Water, Electricity, Fuel, Insurance, Janitorial Service, Trash Collection, Snow Removal, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $31,537
    Assessment Pending: No
    Taxes w/ Assessments: $31,537

    Unit

    Total Units: 2

    Miscellaneous

    Current Use: Food Service, Recreational
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    Truestone
    Justin Larson
    Loan Officer
    Movement Mortgage
    NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of RCN Realty, LLC.
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