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Listing ID #: 11481 12,380 SF Retail Building For Sale


Advertiser Info

 User:  reifree

Member Since: Jul 2015


Page Views

For This Ad:   71

Ad Info

  • Date Posted:
  • December 4, 2017
  • Purchase Price:
  • $990,000
  • Property Type:
  • Retail

    Property Address:

  • Street:
  • 2504 Central Avenue NE
  • City:
  • Minneapolis
  • State:
  • MN
  • Zip Code:
  • 55418
  • County:
  • Hennepin

    Contact Info:

  • Contact Name:
  • Lisa Christianson
  • Phone:
  • (952) 393-1212
Additional Details
  • Brokerage Firm:
  • Christianson & Company


Property Description

12,380 SF Retail Building For Sale

Investments Highlights
Substantial remodeling
Vehicle and bike parking available in front of building on Central Avenue and small parking area in back of building
Located on the busy corner of Central Avenue and Lowry Avenue
High traffic and foot counts
Lower level has an additional 3,825 sf – potential restaurant or additional storage
Bike Shop Sale Price: $390,000 (may be sold separately with or without bike shop)

OFFERING SUMMARY
Address: 2504 Central Avenue NE
Minneapolis, MN 55418
Year Built: 1907/Remodeled 2013
Land Area (Acres): .19
Parcel Number: 11-029-24-14-0047

FINANCIAL SUMMARY
Offering Price: $990,000
Price PSF: $79.97
NOI (In-Place): 96.23
Cap Rate (In-Place): 9.7%