Chase Bank Retail
For Sale
Contact for pricing
1100 E Franklin Ave, Minneapolis, MN 55404
Freestanding bank property for sale in Minneapolis, situated near Ventura Village within the Phillips community.
Property Size6,000 SF
Price / SF$266.67
Days on Market131
Property Features for 1100 E Franklin Ave
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
7
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$88,000
Building Details
Year Built
2019
Year Renovated
2019
Units
1
Tenancy
Single
Listing Agency:
Upland Real Estate Group Inc
Listed By:
Deborah Vannelli · License #MN 20103724
(612) 376-4475
Source:
Crexi
Added: May 28
Changed: Oct 3
Last Checked: Oct 4 at 9:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Upland Real Estate Group Inc
Investment Insights
Based on property information with market context.
This offering is a Chase Bank retail building in Minneapolis. The property is listed for sale at a size of 6,000 square feet.
The bank is located near Ventura Village in the Phillips community. Ventura Village is described as a vibrant, historically rich neighborhood officially established as a distinct neighborhood in 2002, situated just south of downtown. The area is bordered by major interstates I-35W and I-94 and Hiawatha Avenue, supporting strong regional connectivity.
For prospective buyers and tenant/broker audiences, this is a purpose-specific retail banking asset with an identifiable branded bank use. The 6,000-square-foot configuration may be suitable for an operator seeking an existing bank-oriented footprint in a well-defined south-of-downtown Minneapolis location within the Phillips area.
The bank is located near Ventura Village in the Phillips community. Ventura Village is described as a vibrant, historically rich neighborhood officially established as a distinct neighborhood in 2002, situated just south of downtown. The area is bordered by major interstates I-35W and I-94 and Hiawatha Avenue, supporting strong regional connectivity.
For prospective buyers and tenant/broker audiences, this is a purpose-specific retail banking asset with an identifiable branded bank use. The 6,000-square-foot configuration may be suitable for an operator seeking an existing bank-oriented footprint in a well-defined south-of-downtown Minneapolis location within the Phillips area.
Key Highlights
- Freestanding bank property for sale in Minneapolis
- Built in 2019
- Located near Ventura Village within the Phillips community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,356
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,120
$1.6M
Cap Rate 7%
$1,162,229
$1.2M
Cap Rate 9%
$903,956
$904.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$111.6K $18.60/SF
− Vacancy
−$3.1K −$0.52/SF
EGI
$108.5K $18.08/SF
− OpEx
−$27.1K −$4.52/SF
NOI
$81.4K $13.56/SF
Area
Minneapolis, MN
Vacancy
2.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,120
Cap Rate 7%
$1,162,229
Cap Rate 9%
$903,956
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,356 @ 7.0% cap · market cap 5.08%
Second Best
Retail
$1.03M
$903.3K – $1.20M
NOI $72,261 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,203 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Holiday Station Store
Shops & Services
19,195 visits/mo
0.4 miles
Speedway
Shops & Services
14,517 visits/mo
0.4 miles
Five Guys
Dining
7,405 visits/mo
0.3 miles
Starbucks
Dining
4,483 visits/mo
0.2 miles
Speedway
Shops & Services
4,151 visits/mo
0.5 miles
Demographics for 55404, MN
29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Minneapolis, MN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Freestanding bank property for sale in Minneapolis, situated near Ventura Village within the Phillips community.
Where is this bank located?
The property is located at 1100 E Franklin Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Freestanding bank property for sale in Minneapolis; Built in 2019; Located near Ventura Village within the Phillips community
