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    1100 E Franklin Ave Minneapolis, MN 55405

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    For Sale
    $1,600,000

    NNN leased Chase Bank with strong demographics near downtown Minneapolis.

    Property size:
    3,000 SF
    Lot size:
    0.17 Acres

    Property Features for 1100 E Franklin Ave

    General Information

    Size
    3,000 SF
    Lot size
    0.17 Acres

    Source: Upland Real Estate Group, Inc Agent Deborah Vannelli

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

    Overview

    Chase Bank Investment Opportunity

    This property is a Chase Bank branch with just under 10 years remaining on its original lease. The lease includes 10% increases every 5 years. JPMorgan Chase Bank has an S&P Rating of AA- and operates over 4,700 branch locations with 15,000 ATMs. As of June 30, 2024, the bank deposits totaled $25.4 million. The property is situated near a new 30,000 square foot clinic offering medical, dental, and behavioral health services, as well as an 83-unit apartment building. The location benefits from high traffic volume, with upwards of 183,000 vehicles per day on nearby Interstates and Highways. The surrounding area has excellent demographics, including a 5-mile population of 515,581 and an average household income of $117,871. Downtown Minneapolis, with its entertainment, dining, and cultural experiences, including museums, theaters, and sports venues, is a short distance away. The property size is 3,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chase Bank Bank

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2937177
    Latitude
    44.9631162

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    FAQs

    What type of property is this?
    Bank - NNN leased Chase Bank with strong demographics near downtown Minneapolis.
    Where is this bank located?
    The property is located at 1100 E Franklin Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Chase Bank lease with just under 10 years remaining and 10% increases every 5 years.; - JPMorgan Chase Bank S&P Rating of AA- with over 4,700 branch locations and 15,000 ATMs.; - Bank Deposits of $25.4 Million as of 6/30/2024.
    (612) 376-4475
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    1100 E Franklin Ave Minneapolis, MN 55405
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    Minneapolis, MN 55405
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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
    1100 E Franklin Ave Minneapolis, MN 55405
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