Minneapolis, MN 55405

$2,950,000

Property Type: Commercial Square Footage: 25,000 Lot Size (sq. ft.): 54,886 Status: Closed

Current Price: $2,950,000 List Date: 1/17/2024 Last Modified: 6/08/2025

Overview

Description

Rare opportunity for a multi-tenant industrial asset in the heart of the Harrison neighborhood in Minneapolis. Located in a qualified opportunity zone, this building has in-place income from an existing 10,000 SF tenant. Owner/occupy or lease out the 15,000 SF vacancy on the southern end of the building, that was most recently a distillery. Over $1m in improvements made in 2017-2018 including new roof, HVAC, sprinklers and substantial interior improvements.

Listing Details MLS# 6478315

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 16
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Industrial
Foundation Size: 25000
For Sale or Lease: For Sale
Acres: 1.26
Lot Dimensions: 345 x 170

Property Features

Accessible: Fully Wheelchair CMU Style: Industrial Construction Status: Previously Owned Current Use: Commercial; Food Service; Manufacturing Exterior: Block Financing Terms: Conventional Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot; Asphalt Potential Use: Income; Industrial; Lounge/Bar; Office; Professional; Rest/Lounge; Restaurant; Retail; Wholesale Rental License Type: Standard Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Off Market Date: 2024-07-08
Closed Date: 2024-07-10
Sales Close Price: 2950000
Contingency: None
ListPrice: 3500000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Croffuts Add

Assessments

Tax With Assessments: 60360

Building Information

Building Finished SqFt: 25000
Building SqFt: 25000

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 21
Township#: 29

Sale Options

Sale Includes: Building

Unit Details

Total Units: 2

Listing Office: Gold Group Realty, LLC

Last Updated: June - 08 - 2025

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, Minneapolis, MN 55405 (MLS# 6478315)