Established Auto Body Shop For Sale

2628-2634 Central Ave NE, Minneapolis, MN

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For Sale

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Turn-key auto body shop with real estate and mixed-use building.

Type:RETAIL

Property size:

11,908 SF

Lot size:

0.37 Acres

Price / SF:

$172/SF

HighLights

Established auto body shop with real estate included, generating $2,024,218 in total revenue.
Prime, highly visible location on Central Avenue in NE Minneapolis.
Sale includes two commercial buildings totaling 11,908 SF with multiple revenue streams from the auto body shop, office/retail space, and two residential units.
Turn‑key business opportunity with inventory, furniture, fixtures, and equipment (FF&E) included in the asking price.
Auto body shop is fully equipped with an automotive paint booth and four drive‑in doors.
Multi‑use building includes office/retail space, a 1,200 SF warehouse, and 15 surface parking spots.

We can help!

Listing Contact

Amber Lange

Learn more

For Sale

Contact for pricing

Turn-key auto body shop with real estate and mixed-use building.

Type:RETAIL

Property size:

11,908 SF

Lot size:

0.37 Acres

Price / SF:

$172/SF

Added:: Feb 25, 2025
Days on Market:: 475
Last Refresh:: May 20 at 8:05 pm

Property Features for 2628-2634 Central Ave NE

General Information

Standard status: Active
Size: 11,908 SF
Lot size: 0.37 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Amber Lange

Listing agent Amber Lange License #40077597

Listing office KW Commercial Twin Cities - Maple Grove

Listing date Feb 25, 2025

Source Moodyscre

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 KW Commercial Twin Cities - Maple Grove

HighLights

Established auto body shop with real estate included, generating $2,024,218 in total revenue.
Prime, highly visible location on Central Avenue in NE Minneapolis.
Sale includes two commercial buildings totaling 11,908 SF with multiple revenue streams from the auto body shop, office/retail space, and two residential units.
Turn‑key business opportunity with inventory, furniture, fixtures, and equipment (FF&E) included in the asking price.
Auto body shop is fully equipped with an automotive paint booth and four drive‑in doors.
Multi‑use building includes office/retail space, a 1,200 SF warehouse, and 15 surface parking spots.

Overview

This well-established auto body shop, a fixture in the NE Minneapolis community for 43 years, is available for purchase. The sale includes two commercial buildings totaling 11,908 square feet. The first building, at 7,560 square feet, houses a fully equipped auto body shop with an automotive paint booth, four drive-in doors, a reception/office area, a break room, and 12' clear height. It also features 3-phase power. The second building, a 4,348-square-foot mixed-use property, includes a 1,500-square-foot office/retail space with a large conference room, multiple private offices, and a break room. The second floor contains two residential units: one 3-bedroom unit and one 1-bedroom unit. Behind the building is a 1,200-square-foot warehouse space with a bathroom and a drive-in door. Fifteen surface parking spots serve both buildings. The business has a strong community presence and high visibility on Central Avenue. The sale includes inventory, furniture, fixtures, and equipment.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$310.1k	$26.04
− Vacancy	−$19.5k	−$1.64
EGI	$290.5k	$24.40
− OpEx	−$130.7k	−$10.98
NOI	$159.8k	$13.42

11,908 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.28M

$2.00M – $2.66M (±1% cap)

NOI $159,802 @ 7.0% cap · market cap 7.80%

Second Best

Retail

$2.05M

$1.79M – $2.39M (±1% cap)

NOI $143,414 @ 7.0% cap · market cap 7.00%

Theoretical Best

Office A

$2.84M

$2.49M – $3.31M (±1% cap)

NOI $198,870 @ 7.0% cap · market cap 9.70%

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

Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Auto Body Services — 650 39th Ave NE, Minneapolis, MN 55421
G T Auto Body — 715 39th Ave NE, Minneapolis, MN 55421
Hage-Kobany Transmissions & Auto Service — 701 39th Ave NE, Minneapolis, MN 55421
Auto Exchange LLC — 3650 central ave ne, minneapolis, mn 55418
Bobby & Steve's Auto World — 3701 Central Ave NE, Columbia Heights, MN 55421

Location Insight

Map
Local Demand

City: Minneapolis
County: Anoka
State: Minnesota
Longitude: -93.2694
Latitude: 44.9837

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For sale
Auto shops
MN
Minneapolis
2628-2634 Central Ave NE

What type of property is this?

Auto shop - Turn-key auto body shop with real estate and mixed-use building.

Where is this auto shop located?

The property is located at 2628-2634 Central Ave NE Minneapolis, MN.

What is the asking price?

The asking price for this property is $2,050,000.

What are key features of this property?

This property features: Established auto body shop with real estate included, generating $2,024,218 in total revenue.; Prime, highly visible location on Central Avenue in NE Minneapolis.; Sale includes two commercial buildings totaling 11,908 SF with multiple revenue streams from the auto body shop, office/retail space, and two residential units.

2628-2634 Central Ave NE, Minneapolis, MN

Turn-key auto body shop with real estate and mixed-use building.

Property Features for 2628-2634 Central Ave NE

General Information

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Retail and Office Building

Warehouse District Business Condo

Warehouse District Business Condo

Iconic Waterfront Restaurant Opportunity

Mixed-Use Property Near Lake Bde

Flex Office Warehouse

Warehouse with Large Parking Lot

Versatile Minneapolis Specialty Building

Mixed-Use Investment Opportunity

Restaurant Property with Commercial Kitchen

Iconic Minneapolis Hospitality Property

Minneapolis Multi-Use Commercial Property

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