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3138 Snelling Ave 40,131 SF 100% Leased Industrial Building Minneapolis, MN 55406 $3,250,000 ($80.98/SF)
INVESTMENT HIGHLIGHTS
- 36,526 SF Industrial Building
- Excellent Access to Highways, Transit and International Airport
- Loading: 1 Dock Rood, 4 Drive-In Doors
- Abundance of Permitted Uses
- Active Cell Tower Lease Providing Residual Income
- 20' Clear Height
EXECUTIVE SUMMARY
Cell Tower Rental Income: $25,000 Annually
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,250,000 | No. Stories | 1 |
| Price Per SF | $80.98 | Year Built | 1913 |
| Sale Type | Investment or Owner User | Parking Ratio | 0.07/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.85 AC | No. Drive In / Grade-Level Doors | 4 |
| Rentable Building Area | 40,131 SF | ||
| Zoning | I2 | ||
| Price | $3,250,000 |
| Price Per SF | $80.98 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.85 AC |
| Rentable Building Area | 40,131 SF |
| No. Stories | 1 |
| Year Built | 1913 |
| Parking Ratio | 0.07/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I2 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 01-028-24-12-0121 | Total Assessment | $1,470,000 (2024) |
| Land Assessment | $657,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $812,500 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
01-028-24-12-0121
Land Assessment
$657,500 (2024)
Improvements Assessment
$812,500 (2024)
Total Assessment
$1,470,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3138 Snelling Ave
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