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3900-3920 Nicollet Ave 19,861 SF 100% Leased Retail Building Minneapolis, MN 55409 $4,500,000 ($226.57/SF) 7.04% Cap Rate
EXECUTIVE SUMMARY
The building was built in 1957 and renovated in 2013/2023 and now possesses an elevated and timeless design and beautifully landscaped grounds. 3900 - 3920 Nicollet Avenue is strategically located in the heart of South Minneapolis with close access to 35W and is just three miles from Lake Harriet. 3900 - 3920 Nicollet Avenue has a history of high-occupancy rates. This building is currently 100% occupied. This building is home to some elite companies, including Master Collision Group and Tower Games.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
19,861 SF
Building Class
C
Year Built/Renovated
1957/2023
Price
$4,500,000
Price Per SF
$226.57
Cap Rate
7.04%
NOI
$316,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.90 AC
Zoning
R2B
Parking
28 Spaces (1.41 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $857,900 | |
| Land Assessment | $789,400 | Total Assessment | $1,647,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$789,400
Improvements Assessment
$857,900
Total Assessment
$1,647,300
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3900-3920 Nicollet Ave
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