1100 East Franklin Avenue, Minneapolis, MN 55404
Freestanding bank property for sale in Minneapolis, situated near Ventura Village within the Phillips community.
- Added:
- May 28, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 6 at 5:38 am
Property Features for 1100 East Franklin Avenue
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2019
Listing agent Deborah Vannelli License #MN 20103724
Listing office Upland Real Estate Group Inc
Listing date May 28, 2026
Source Crexi
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
HighLights
- Freestanding bank property for sale in Minneapolis
- Built in 2019
- Located near Ventura Village within the Phillips community
- Ventura Village is just south of downtown Minneapolis
- Ventura Village is bordered by I‑35W, I‑94, and Hiawatha Avenue
Overview
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $18.60 |
| − Vacancy | −$3.1k | −$0.52 |
| EGI | $108.5k | $18.08 |
| − OpEx | −$27.1k | −$4.52 |
| NOI | $81.4k | $13.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2937177
- Latitude
- 44.9631162
