9040 Nicollet Ave S | Bloomington, MN 55420
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- LoopNet Team
9040 Nicollet Ave S
Bloomington, MN 55420
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Bloomington Location Home to Mall of America – one of the nation’s largest retail and employment hubs, driving constant tenant demand.
- Connected mechanicals for less maintenance
- 4D enrollment potential for significant property tax reductions
- Many MTM tenants give leasing flexibility and immediate income upside
- Projections show increased income by raising month-to-month rents and adding pet, parking, storage, and utility fees.
- Bloomington 6 offers large units with 4 spacious 2BR/1BA and 2 rare 3BR/2BA layouts—highly desirable in this market.
Property Facts
| No. Units | 6 | Lot Size | 0.50 AC |
| Property Type | Multifamily | Building Size | 5,880 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.7/1,000 SF |
| Zoning | R-4 - R-4 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 5,880 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | R-4 - R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,075 |
| 2+1 | 4 | - | 790 |
Property Taxes
| Parcel Number | 10-027-24-31-0005 | Improvements Assessment | $663,200 |
| Land Assessment | $180,000 | Total Assessment | $843,200 |
Property Taxes
Parcel Number
10-027-24-31-0005
Land Assessment
$180,000
Improvements Assessment
$663,200
Total Assessment
$843,200
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