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2628 & 2632 Central Ave NE 2628 Central Ave NE 11,908 SF Retail Building Minneapolis, MN 55418 $2,050,000 ($172.15/SF)
INVESTMENT HIGHLIGHTS
- Prime Location in NE Minneapolis
- Employees: 10 Total, 9 Full-time 1 part-time
- Inventory: Included in asking price
- Business established in 1982 – 43 Years of Experience
- Real Estate: Owned – Included in asking price
EXECUTIVE SUMMARY
This well-established auto body shop has been a trusted name in the NE Minneapolis community for 43 years. Located in a highly visible location off Central Avenue, this turn-key business presents an incredible opportunity for a new owner. With $2,024,218 in total revenue and real estate included, this is a rare chance to own a thriving operation with multiple revenue streams. The sale includes two commercial buildings totaling 11,908 SF, featuring an auto body shop with an automotive paint booth, warehouse with four drive-in doors, an office/reception area, break room, and two restrooms. The second building is a mixed use building and includes an office/retail space with a large conference room, multiple private offices, a break room, and with two residential units on the top floor which consist of one 1 bedroom unit and one 3-bedroom unit. Behind the building there is a 1,200 SF warehouse space with a bathroom and drive in door. There are also 15 surface parking spots provide ample parking for both buildings. Inventory, furniture, fixtures, and equipment (FF&E) are all included in the asking price.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
11,908 SF
Building Class
B
Year Built
1946
Price
$2,050,000
Price Per SF
$172.15
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.37 AC
Zoning
CM3 - Community Mixed-Use District
Parking
15 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
46’ on Central Avenue Northeast
AMENITIES
- Signage
- Air Conditioning
ABOUT 2628 CENTRAL AVE NE , MINNEAPOLIS, MN 55418
2628 Central Ave NE – 7,560 SF Auto Body Shop -Fully equipped auto body shop -Automotive paint booth -4 drive-in doors -Reception/office area -Break room -Clear Height 12' -3 phase power 2632 Central Ave NE – 4,348 SF Multi-Use Building -1,500 SF office/retail space featuring a large conference room, multiple private offices, and a break room -Two residential units on the second floor (3 bedroom & 1 bedroom) -1,200 SF warehouse space with a bathroom and drive in door -15 surface parking spots
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-029-24-14-0007 | Total Assessment | $580,000 |
| Land Assessment | $130,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $449,700 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11-029-24-14-0007
Land Assessment
$130,300
Improvements Assessment
$449,700
Total Assessment
$580,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2628 & 2632 Central Ave NE | 2628 Central Ave NE
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