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1308 E Franklin Ave 20,000 SF 5% Leased Retail Building Minneapolis, MN 55404 For Sale
EXECUTIVE SUMMARY
A flexible, nearly 19,000 SF mission-aligned asset with significant upside via new tenancy, capital improvements, or healthcare conversion.
The property features a functional two-story layout with lower-level walk-in freezer infrastructure, making it ideal for healthcare operators, nonprofit organizations, cultural institutions, or community-service providers seeking expansion within a dense, culturally significant corridor. This Offering Memorandum presents a repositioning opportunity to maximize the asset’s value potential for new ownership. The property’s location, scale, and flexibility positions it as a unique opportunity for mission-aligned operators or value-add investors.
The property features a functional two-story layout with lower-level walk-in freezer infrastructure, making it ideal for healthcare operators, nonprofit organizations, cultural institutions, or community-service providers seeking expansion within a dense, culturally significant corridor. This Offering Memorandum presents a repositioning opportunity to maximize the asset’s value potential for new ownership. The property’s location, scale, and flexibility positions it as a unique opportunity for mission-aligned operators or value-add investors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,000 SF
Building Class
C
Year Built/Renovated
1925/1999
Percent Leased
5%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
13’1”
Building FAR
4.15
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
6 Spaces (0.3 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Services
- -
- -
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Lorem Ipsum
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Jan 0000
One of the first American Indian Chambers in the United States and the first and oldest Chamber for people of color in Minnesota; the Minnesota American Indian Chamber of Commerce (MAICC) was founded and incorporated in August of 1986 as a non profit entity, receiving its 501(c)3 status in January of 1989.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-029-24-43-0083 | Improvements Assessment | $882,900 |
| Land Assessment | $77,100 | Total Assessment | $960,000 |
PROPERTY TAXES
Parcel Number
26-029-24-43-0083
Land Assessment
$77,100
Improvements Assessment
$882,900
Total Assessment
$960,000
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Financially Free, LLC
1308 E Franklin Ave
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