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    3854 Thomas Ave N Minneapolis, MN 55412

    Sponsored
    For Sale
    $445,000

    Commercial - Minneapolis, MN

    Lot size:
    0.24 Acres
    Days on Market:
    26
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 3854 Thomas Ave N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    0502924410146
    Parking features
    Driveway, Parking Lot
    Exterior features
    Brick/Stone
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1926
    Building materials
    Block, Brick, Frame
    Roof type
    Flat, Rubber
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Stephanie S Gruver (952) 829-2900

    Listing date Dec 11, 2025

    MLS# 6705803 Listing URL

    Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Victory Neighborhood Retail Center

    This classic 1920s brick retail center is located in the Victory neighborhood. The building features five units and a 14-space asphalt parking lot. The property is well-maintained and includes newer forced-air furnaces in each unit. Four of the five units are equipped with central air. The main floor units offer 9 to 10-foot ceiling heights, separate front and back entrances, and some units have display windows. A full basement with an 8-foot ceiling height is also included. Tenants are responsible for their own heat, gas, and electric utilities. Currently, four stable, long-term tenants occupy the five spaces. Situated on a 0.24-acre lot, this property presents an investment opportunity or the potential for owner-occupancy as space becomes available. The property's location offers close proximity to Victory Memorial Drive and other thriving local businesses, providing an opportunity to become part of the growing Victory neighborhood business community. The zoning is Business/Commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.313101
    Latitude
    45.025755

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    FAQs

    What type of property is this?
    Strip mall - Classic 1920s brick retail center in Victory neighborhood.
    Where is this strip mall located?
    The property is located at 3854 Thomas Ave N Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - Stable, long-term tenants in 4 of 5 units provide immediate income.; - Well-maintained 1920s brick building with newer forced-air furnaces in each unit and central air in 4 units.; - Investment opportunity or owner-occupy potential as space becomes available.
    (612) 581-5842
    Request Owner's contact information
    3854 Thomas Ave N Minneapolis, MN 55412
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    Minneapolis, MN 55412
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3854 Thomas Ave N Minneapolis, MN 55412
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