3553 Hennepin Ave Minneapolis, MN 55408

This 1,347-square-foot retail property is 100% leased through July 31, 2029, with the tenant having a 5-year option to renew. The annual average net operating income is $49,019, with an additional 5% management fee, totaling $51,467. The tenant is responsible for virtually all expenses, and the lease is available for review. Situated on an approximately 10,350-square-foot corner urban infill site, the property includes approximately 11 parking spaces. Real estate taxes are $21,886.16, which the tenant pays. The assessed value is $709,000. A new roof was installed in the spring of 2024. Located on the #6 Bus Line, the property offers close proximity and direct access to Bde Mka Ska. There is potential for assemblage of neighboring properties for larger-scale development, and renderings for such development are available upon request. Future multi-family development is possible, potentially accommodating approximately 29 units, 1,500 square feet of commercial space, and 18 parking stalls, or more; buyers should verify these possibilities.