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    1113 Broadway Ave Minneapolis, MN 55411

    Sponsored
    For Sale
    $325,000

    Spacious building, needs renovation, great potential.

    Property size:
    9,157 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 9,157 square foot commercial property located at 1113 W Broadway Avenue in Minneapolis, Minnesota, presents a unique investment opportunity. Situated on a 0.15-acre lot, this building offers significant potential for redevelopment or adaptive reuse. The property has been vacant for over 20 years and requires renovation, but its substantial size and layout offer considerable flexibility. The main level features four sizable classrooms, ideally suited for conversion into various commercial spaces, along with two multi-stall bathrooms. Upstairs, seven existing office spaces provide a solid foundation for a variety of uses. A full kitchen and two additional bathrooms are also located on the upper level, adding to the property's versatility. Multiple storage areas are available throughout the building, providing ample space for inventory or equipment. Convenient off-street parking is located at the rear of the building, a valuable asset in a bustling urban environment. The asking price for this property is $325,000. This represents a compelling opportunity to acquire a large, well-located commercial building with significant upside potential in a thriving Minneapolis neighborhood. The property's history as a high school provides a unique character and a solid structural base for future development. Serious inquiries are encouraged.

    Property Features for 1113 Broadway Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,157 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1909
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.29476
    Latitude
    44.99889

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious building, needs renovation, great potential.
    Where is this commercial real estate located?
    The property is located at 1113 Broadway Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $325,000.
    (320) 500-4397
    Request Owner's contact information
    1113 Broadway Ave Minneapolis, MN 55411
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    Minneapolis, MN 55411
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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
    1113 Broadway Ave Minneapolis, MN 55411
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