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For Sale:  Minneapolis MLS# 7120714

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Active
$449,999
/mo Edit
Commercial:  2 Stories
3 br • 2 ba • Built 1926
Minneapolis schools
MLS# 7120714
763-576-8286
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    Property Description

    Motivated sellers have relocated, creating a fantastic opportunity for an ambitious business owner or investor. This unique property features over 1, 800 square feet of versatile retail or commercial space on the main level, complemented by additional storage in the basement. The upper level offers two rental units—a one-bedroom and a two-bedroom—both featuring spacious layouts and access to shared laundry facilities. Ideally located on a bus line just two blocks from Folwell Park, this property is perfect for an owner-occupant looking to run a business while generating rental income. Includes a two-car tuck-under garage. The potential here is truly endless! Great opportunity in an area that is up and coming. ***

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $449,999
    Property Type: Commercial
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1926
    State: MN
    Property Style: 2 Stories
    Zip Code: 55412
    Neighborhood/Area: 27

    Interior

    Bedrooms: 3
    Bathrooms: 2
    Refrigerators: Two
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: Partial

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 17x22
    Garage Size: 382 ft2
    Air Conditioning: None
    Foundation Size: 5,774 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Tuckunder Garage
    Unit Amenities: None
    Road Frontage: City Street
    Exterior Material:
    • Brick
    • Stone
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Flat

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0
    Geolocation: 45.0225532021, -93.2960023979
    Inclusions: Building, Fixture/Equipment
    Lot Dimensions: 5227
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family

    Farm

    Topography: Flood Plain

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Tenant Expenses: Broadband, Cable TV, Electricity, Gas, Heat, Hot Water, Telephone, Parking Fee

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $10,529
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: None

    Income

    Annual Gross Income: $55,800

    Units

    Total Units: 2
    Unit Number: 3

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Residential
    • Retail
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.