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    3138 Snelling Ave Minneapolis, MN 55406

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    For Sale
    $3,250,000

    36,526 SF industrial building with excellent access and income.

    Property size:
    36,526 SF
    Lot size:
    0.87 Acres

    Property Features for 3138 Snelling Ave

    General Information

    Size
    36,526 SF
    Lot size
    0.87 Acres

    Source: Colliers Agent Tom Sullivan

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

    Overview

    Industrial Building Near Transportation Hub

    This is a 36,526 square foot industrial building with an abundance of permitted uses. The property offers excellent access to highways, transit options, and an international airport. An active cell tower lease is in place, providing rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MPLS Storage Self-Storage Facility Intergalactic Signs Sign Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2345898
    Latitude
    44.9454695

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    FAQs

    What type of property is this?
    Industrial property - 36,526 SF industrial building with excellent access and income.
    Where is this industrial property located?
    The property is located at 3138 Snelling Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Excellent access to highways, transit, and international airport; - Active cell tower lease providing rental income; - 36,526 SF industrial building
    (952) 797-4307
    Request Owner's contact information
    3138 Snelling Ave Minneapolis, MN 55406
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    Minneapolis, MN 55406
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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
    3138 Snelling Ave Minneapolis, MN 55406
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