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3400 Cheatham Ave 58,479 SF 15% Leased Industrial Building Minneapolis, MN 55406 $1,300,000 ($22.23/SF)

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INVESTMENT HIGHLIGHTS

Great Location

Creative Space!!!

EXECUTIVE SUMMARY

This 50,000sqft+ building is known as the Minneapolis Seed Company and is in use as an office and warehouse space with a non-active railway spur. The 19,000sqft+ office space located on the south side of the building has been remodeled on the 2nd & 3rd Floors to today’s market needs with conference rooms, private offices, breakrooms, bathrooms, and the main level also includes updating with the original exposed concrete columns to highlight the warehouse and storage areas for your business essentials. So many original aspects are still displayed within. Loading docks and garages. Take a tour to truly see the antiquity. Leases are in place for the remaining spaces to include warehouse/storage/basement and parking areas to multiple tenants. The owner/operator will be vacating the main office use and their warehouse/storage space for the new owner (19,000 sqft). Zoning is deemed PR2 and T10 districts. No Residential use allowed.

3400 Cheatham Brochure

FINANCIAL SUMMARY (ACTUAL - 2023)	ANNUAL	ANNUAL PER SF
Taxes	$42,505	$0.73
Operating Expenses	-	-
Total Expenses	$42,505	$0.73

FINANCIAL SUMMARY (ACTUAL - 2023)

Taxes
Annual	$42,505
Annual Per SF	$0.73

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$42,505
Annual Per SF	$0.73

PROPERTY FACTS

Price	$1,300,000	Rentable Building Area	58,479 SF
Price Per SF	$22.23	No. Stories	4
Sale Type	Investment or Owner User	Year Built	1910
Property Type	Industrial	Parking Ratio	0.79/1,000 SF
Property Subtype	Manufacturing General Retail Bar General Retail Storefront Retail/Residential OfficeLoft Creative Space	No. Dock-High Doors/Loading	4
Building Class	C	No. Drive In / Grade-Level Doors	3
Lot Size	1.33 AC
Zoning	I2 - This is a Production and Processing zoning district. The PR2 Production and Processing District.

Price	$1,300,000
Price Per SF	$22.23
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Manufacturing General Retail Bar General Retail Storefront Retail/Residential OfficeLoft Creative Space
Building Class	C
Lot Size	1.33 AC
Rentable Building Area	58,479 SF
No. Stories	4
Year Built	1910
Parking Ratio	0.79/1,000 SF
No. Dock-High Doors/Loading	4
No. Drive In / Grade-Level Doors	3
Zoning	I2 - This is a Production and Processing zoning district. The PR2 Production and Processing District.

24 Hour Access
Bio-Tech/ Lab Space
Bus Line

Commuter Rail
Conferencing Facility

Security System
Signage

Storage Space
Air Conditioning

1 1

Bike Score®

Very Bikeable (84)

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PROPERTY TAXES

Parcel Number	01-028-24-41-0074	Total Assessment	$1,675,000 (2024)
Land Assessment	$660,100 (2024)	Annual Taxes	$42,505 ($0.73/SF)
Improvements Assessment	$1,014,900 (2024)	Tax Year	2023 Payable 2023