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800 N 42nd Ave
Minneapolis, MN 55412
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Stand-alone two-level office building located on a corner lot in the Camden Commercial Corridor.
EXECUTIVE SUMMARY
Stand-alone office building centrally located at the top of a hill on a corner lot in Camden neighborhood. Fantastic signage opportunity for an owner, or tenant. Close to major employers, highways, downtown, housing, and public transportation. Previously operating as a two-story office building with 18 offices and three off street parking Plus 13 car parking lot as a separate parcel. Zoned commercial with add-on, or development. Ample windows providing for radiant natural light creating a warm and inviting work environment. Four bathrooms, kitchens on both floors, and four large meetings rooms. The property is currently set up for a single user. A rare opportunity to acquire a creative and flexible office building well suited to a range of users.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
5,100 SF
Building Class
C
Year Built/Renovated
1937/2012
Price
$1,180,000
Price Per SF
$231.37
Cap Rate
8%
NOI
$94,400
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,550 SF
Slab To Slab
8’
Building FAR
0.49
Lot Size
0.24 AC
Zoning
OR1 - Commercial: CM2, CM1
Parking
17 Spaces (3.33 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Security System
- Signage
- Bicycle Storage
- Natural Light
- Wi-Fi
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 04-029-24-11-0051 | Improvements Assessment | $431,100 |
| Land Assessment | $42,900 | Total Assessment | $474,000 |
PROPERTY TAXES
Parcel Number
04-029-24-11-0051
Land Assessment
$42,900
Improvements Assessment
$431,100
Total Assessment
$474,000
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