3208 Hennepin Ave
Minneapolis, MN 55408

$1,150,000

Description

This 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. This gem 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. Plumbing is readily accessible on every level.

Details

MLS#5256884
Sub-TypeResale
StatusActive
Year1905
Days On Site11

Features

SQ Feet4,747
Story(s)1
Units2
ZoningBusiness/Commercial

Market Activity 55408

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Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55408
AreaMinneapolis (MN)
Listing VS Median (in 55408)
Price:
$1,150,000
low | high
Med:
$400,000
100% of Average
SqFt:
4,747
low | high
Med:
1,834
100% of Average
$ / SqFt:
$242
low | high
Med:
$219
59.621877614748% of Average
On Site:
11
low | high
Med:
33.500000
32.835820895522% of Average
Listing Updated: 07/21/2019
MLS Number: 5256884
Listing Provided By:
Brian Hauke  of  Keller Williams Integrity Realty
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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