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    1627 Washington St NE Minneapolis, MN 55413

    For Sale
    $2,095,000

    Mixed-use commercial building with residential units in thriving arts district.

    Property size:
    17,818 SF
    Lot size:
    0.26 Acres

    Property Features for 1627 Washington St NE

    General Information

    Size
    17,818 SF
    Lot size
    0.26 Acres

    Source: Assembly MN LLC Agent Ben Vinzant

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Northeast Minneapolis

    Located in Northeast Minneapolis, this mixed-use commercial building features four residential units. The property is situated in a dynamic and rapidly developing neighborhood known for its growth, culture, and creativity. This property offers a balance of residential income and commercial potential. The building has a total size of 17818 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goodfellas Barber Studio ... Barber Shop Daadhii Honey wine ... Winery KamaDageTV LLC Media House

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2572077
    Latitude
    45.005036

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use commercial building with residential units in thriving arts district.
    Where is this mixed-use property located?
    The property is located at 1627 Washington St NE Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $2,095,000.
    What are key features of this property?
    This property features: - Mixed-use commercial building with 4 residential units.; - Located in the thriving Arts + Innovation District of Northeast Minneapolis.; - Offers a balance of stable residential income and flexible commercial potential.
    (612) 314-9252
    Request Owner's contact information
    1627 Washington St NE Minneapolis, MN 55413
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    Minneapolis, MN 55413
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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
    1627 Washington St NE Minneapolis, MN 55413
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