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5357 42nd Ave S 2,035 SF 100% Leased Retail Building Minneapolis, MN 55417 $450,000 ($221.13/SF)
EXECUTIVE SUMMARY
PROPERTY OVERVIEW
Recently renovated 2,035 sq. ft. retail building situated on a spacious double lot in South Minneapolis. The building is currently built out as a dance studio, but the open floor plan and flexible zoning would accommodate most retail uses. The property can fit 20+ parking stalls, which is a rare find in south Minneapolis! The building was recently renovated in 2018 with a new roof, HVAC, and interior renovations throughout. The building has 11' clear height ceilings and modern lighting and interior finishes. The location is in close proximity to Lake Nokomis and Minnehaha Falls, with high density residential and other neighborhood
Recently renovated 2,035 sq. ft. retail building situated on a spacious double lot in South Minneapolis. The building is currently built out as a dance studio, but the open floor plan and flexible zoning would accommodate most retail uses. The property can fit 20+ parking stalls, which is a rare find in south Minneapolis! The building was recently renovated in 2018 with a new roof, HVAC, and interior renovations throughout. The building has 11' clear height ceilings and modern lighting and interior finishes. The location is in close proximity to Lake Nokomis and Minnehaha Falls, with high density residential and other neighborhood
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,035 SF
Building Class
C
Year Built
1959
Price
$450,000
Price Per SF
$221.13
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.23 AC
Zoning
Commercial
Parking
15 Spaces (7.37 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-028-23-44-0082 | Improvements Assessment | $267,400 |
| Land Assessment | $157,600 | Total Assessment | $425,000 |
PROPERTY TAXES
Parcel Number
18-028-23-44-0082
Land Assessment
$157,600
Improvements Assessment
$267,400
Total Assessment
$425,000
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5357 42nd Ave S
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