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1829 Riverside Ave 5,400 SF Retail Building Minneapolis, MN 55454 $650,000 ($120.37/SF)
INVESTMENT HIGHLIGHTS
- Newer second-generation restaurant space adjacent to University of Minnesota
- Additional income in-place from second floor tenant and rooftop billboards
- Renovated building in high density location
EXECUTIVE SUMMARY
Building is 5400sf. Currently restaurant operator is in the 3600sf restaurant/commercial kitchen space on a month-to-month lease. Operator would like to sign a long-term lease but can be terminated for a new owner/operator.
Second generation restaurant space available with complete four-year old commercial kitchen and restaurant in place. 10' hood, exhaust and make-up air system all in place. All furnishings in-place. Additional income from second floor tenant and rooftop billboards. Building is completely renovated with newer HVAC rooftop units, operable windows, tenant spaces, ADA restrooms, glass storefront etc.
Property is located at a signalized intersection adjacent to the University of Minnesota on highly traveled Riverside Avenue. High density location with much pedestrian and vehicle traffic.
Restaurant space totals 3600 square feet.
Second generation restaurant space available with complete four-year old commercial kitchen and restaurant in place. 10' hood, exhaust and make-up air system all in place. All furnishings in-place. Additional income from second floor tenant and rooftop billboards. Building is completely renovated with newer HVAC rooftop units, operable windows, tenant spaces, ADA restrooms, glass storefront etc.
Property is located at a signalized intersection adjacent to the University of Minnesota on highly traveled Riverside Avenue. High density location with much pedestrian and vehicle traffic.
Restaurant space totals 3600 square feet.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$23,760
|
$4.40
|
| Operating Expenses |
$6,210
|
$1.15
|
| Total Expenses |
$29,970
|
$5.55
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $23,760 |
| Annual Per SF | $4.40 |
| Operating Expenses | |
|---|---|
| Annual | $6,210 |
| Annual Per SF | $1.15 |
| Total Expenses | |
|---|---|
| Annual | $29,970 |
| Annual Per SF | $5.55 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,400 SF
Building Class
C
Year Built/Renovated
1905/2016
Price
$650,000
Price Per SF
$120.37
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.48
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C3A
Frontage
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (76)
Bike Score®
Biker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25-029-24-32-0017 | Total Assessment | $776,000 (2024) |
| Land Assessment | $214,400 (2024) | Annual Taxes | $23,760 ($4.40/SF) |
| Improvements Assessment | $561,600 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
25-029-24-32-0017
Land Assessment
$214,400 (2024)
Improvements Assessment
$561,600 (2024)
Total Assessment
$776,000 (2024)
Annual Taxes
$23,760 ($4.40/SF)
Tax Year
2025
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1829 Riverside Ave
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