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3218-3220 Bloomington Ave 2,802 SF Retail Building Minneapolis, MN 55407 $500,000 ($178.44/SF)



INVESTMENT HIGHLIGHTS
- Located along a bus line for convenient public transit access
- Recent renovations and flexible space make it suitable for a variety of small business uses
- Off-street parking for 4 vehicles is included on-site
EXECUTIVE SUMMARY
Discover an excellent investment or owner user opportunity at 3218 Bloomington Ave S, located in the vibrant Powderhorn Park/Bancroft neighborhood. This freestanding commercial property offers 2,802 sq ft of versatile space, ideal for retail, office, or mixed-use. Built in 1914 and recently updated, the property features off street parking (4 spaces), strong street visibility, and easy access to downtown Minneapolis, the airport, and major transit routes. Positioned in a high-traffic, community-oriented area, this property is perfect for entrepreneurs, investors, or businesses looking to establish a presence in a growing neighborhood.
The property offers good street visibility and signage opportunities on Bloomington Ave. It is located along a bus line for convenient public transit access. The two-building setup is ideal for an owner-user to occupy one building while generating income from the second, or for a business needing separate front retail and back-office/warehouse space.
Off-street parking for 4 vehicles is included on-site, which is valuable in this urban neighborhood. Overall, the recent renovations and flexible space make it suitable for a variety of small business uses (retail shop, studio, cafe, small office or production space).
The property offers good street visibility and signage opportunities on Bloomington Ave. It is located along a bus line for convenient public transit access. The two-building setup is ideal for an owner-user to occupy one building while generating income from the second, or for a business needing separate front retail and back-office/warehouse space.
Off-street parking for 4 vehicles is included on-site, which is valuable in this urban neighborhood. Overall, the recent renovations and flexible space make it suitable for a variety of small business uses (retail shop, studio, cafe, small office or production space).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,802 SF
Building Class
C
Year Built
1914
Price
$500,000
Price Per SF
$178.44
Tenancy
Single
Building Height
1 Story
Building FAR
0.58
Lot Size
0.11 AC
Zoning
C-2 - Commercial DIstrict
Parking
4 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-028-24-13-0022 | Improvements Assessment | $335,300 |
| Land Assessment | $58,700 | Total Assessment | $394,000 |
PROPERTY TAXES
Parcel Number
02-028-24-13-0022
Land Assessment
$58,700
Improvements Assessment
$335,300
Total Assessment
$394,000
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3218-3220 Bloomington Ave
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