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1500 W Broadway Ave 5,372 SF 100% Leased Retail Building Minneapolis, MN 55411 $539,000 ($100.34/SF)

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INVESTMENT HIGHLIGHTS

  • Mixed-Use Building: Income-producing property with fully-leased, groundfloor commercial space and residential units above.
  • Located in a Designated Opportunity Zone: Unlock valuable tax benefits and investment growth potential.
  • Easy Access to Public Transit & Major Highways: Ensures seamless connectivity for tenants and customers.
  • Adjacent Vacant Lot: Ideal for expansion, new development, or additional parking.
  • High-Traffic Location: Surrounded by thriving businesses, dining, and residential communities.
  • Strong Demand for Commercial & Residential Spaces: A sought-after area with increasing property values.

EXECUTIVE SUMMARY

Introducing a prime investment opportunity in the heart of Minneapolis/St Paul, 1500 W Broadway Ave offers one mixed-use building with 3 units, 5,372 Total SF, and attached rear lot ideal for multifamily/mid-rise investors. Built in 1901 and zoned CM1/UN2, this property and adjacent land present a compelling blend of old-world charm and modern potential. With its prime location and solid unit count, this property is poised to deliver exceptional value and returns for savvy investors. Don't miss the chance to add this gem to your portfolio in the dynamic Minneapolis/St Paul area.
Unlock the full potential of this exceptional real commercial real estate package featuring a fully renovated and operational mixed-use building and an adjacent vacant lot in a rapidly growing Opportunity Zone. Perfectly positioned for investors, developers, or business owners, this offering provides a rare chance to capitalize on strong rental income, future development potential, and significant tax incentives.
Located in a high-visibility corridor with strong foot traffic and easy access to major transportation hubs, this property is primed for immediate and long-term success.
Seize this rare investment opportunity to own, expand, or develop in one of the most promising locations in the market. Whether you're looking to grow your portfolio or establish a dynamic mixed-use hub, this property offers unmatched versatility and financial upside. Schedule a private tour today and take the first step toward maximizing your investment potential!

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,372 SF
Building Class
C
Year Built
1901
Price
$539,000
Price Per SF
$100.34
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.72
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
CM1 - Neighborhood Mixed Use District
Frontage
21’ on W Broadway Ave

AMENITIES

  • Bus Line
  • Signage
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

The YMCA
Anytime Fitness
Huntington National Bank
Wells Fargo Bank
Grocery Outlet

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-029-24-24-0080
  • 16-029-24-24-0135
Land Assessment
$65,000
Improvements Assessment
$424,700
Total Assessment
$489,700
  • Listing ID: 35494530

  • Date on Market: 4/15/2025

  • Last Updated:

  • Address: 1500 W Broadway Ave, Minneapolis, MN 55411

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