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    3513 Hennepin Ave Minneapolis, MN 55408

    Sponsored
    For Sale
    $1,000,000

    Minneapolis Low-Rise, 6,534 sq ft

    Property size:
    6,534 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional low-rise commercial property, located at 3513 Hennepin Avenue in Minneapolis, Minnesota, presents a compelling investment opportunity. Boasting a substantial 6,534 square feet of space, this building sits on a conveniently sized 0.12-acre lot, offering ample room for potential expansion or outdoor use. The property's prime location on Hennepin Avenue provides excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The asking price is $1,000,000, representing a significant value proposition in the thriving Minneapolis market. The building's existing structure offers a solid foundation for immediate occupancy or a comprehensive renovation project, allowing for customization to suit specific business needs. Given its size and location, this property is well-suited for a range of uses, from retail and office spaces to restaurants and other commercial establishments. The 0.12-acre lot provides potential for outdoor seating, parking, or landscaping, enhancing the overall appeal and functionality of the property. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity in a dynamic and growing urban center. Detailed property information and specifications are available upon request. This is a rare chance to acquire a significant commercial property in a highly desirable Minneapolis location.

    Property Features for 3513 Hennepin Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    6,534 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1926
    Property Profile Location Intelligence

    Current Use by Public Records

    Hennepin Apartment Homes Apartment Complex

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.29801
    Latitude
    44.93907

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    FAQs

    What type of property is this?
    Residential income property - Minneapolis Low-Rise, 6,534 sq ft
    Where is this residential income property located?
    The property is located at 3513 Hennepin Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (612) 382-4774
    Request Owner's contact information
    3513 Hennepin Ave Minneapolis, MN 55408
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    Minneapolis, MN 55408
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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
    3513 Hennepin Ave Minneapolis, MN 55408
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