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1308 E Franklin Ave 18,944 SF Vacant Retail Building Minneapolis, MN 55404 $1,750,000 ($92.38/SF)
INVESTMENT HIGHLIGHTS
- Strong street presence, walkability, and immediate access to Franklin, Cedar, Chicago, and I-94
- Can accommodate a wide range of uses: community services, medical/behavioral health clinics, administrative offices, training facilities, etc
- Featuring a functional combination of commercial space, offices/program rooms, and lower level storage and food-service infrastructure
EXECUTIVE SUMMARY
A flexible, nearly 18,944 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
18,944 SF
Building Class
C
Year Built/Renovated
1925/1999
Price
$1,750,000
Price Per SF
$92.38
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
13’1”
Building FAR
3.95
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C2 - Neighborhood Corridor Commercial
Parking
8 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
88’ on E Franklin Ave
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 | |
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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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1308 E Franklin Ave
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