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    3501-3505 N Penn Ave Minneapolis, MN 55412

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    For Sale
    $334,500

    Retail property on high visibility Penn Ave, close to downtown.

    Property size:
    6,571 SF
    Lot size:
    0.18 Acres

    Property Features for 3501-3505 N Penn Ave

    General Information

    Size
    6,571 SF
    Lot size
    0.18 Acres

    Source: Assembly MN LLC Agent Merrie Sjogren

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

    Overview

    Northside Retail Opportunity on Penn

    This property presents an opportunity for ownership in Northside. The building is approximately 75% occupied with active month-to-month leases and established tenants. The middle storefront (3503) is currently vacant and being updated. The property includes basement storage and additional bonus space. It is located on high visibility Penn Ave, in close proximity to public transit, freeway access, and downtown Minneapolis. The property size is 6571 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.3086436
    Latitude
    45.0188146

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    FAQs

    What type of property is this?
    Storefront property - Retail property on high visibility Penn Ave, close to downtown.
    Where is this storefront property located?
    The property is located at 3501-3505 N Penn Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $334,500.
    What are key features of this property?
    This property features: - High visibility location on Penn Ave.; - Investment opportunity with existing tenants and month-to-month leases.; - Option to purchase through Land Trust or as a standard sale.
    (612) 308-9179
    Request Owner's contact information
    3501-3505 N Penn Ave Minneapolis, MN 55412
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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
    3501-3505 N Penn Ave Minneapolis, MN 55412
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