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    3453 Penn Ave N Minneapolis, MN 55412

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    For Sale
    $317,500

    Retail property with established tenant and additional space.

    Property size:
    4,033 SF
    Lot size:
    0.13 Acres

    Property Features for 3453 Penn Ave N

    General Information

    Size
    4,033 SF
    Lot size
    0.13 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 Investment Opportunity

    This property presents an opportunity for real estate portfolio expansion in the Northside area. The building features one long-term, established tenant and an additional space available for lease, offering the potential to build equity. Situated on Penn Ave N, the property benefits from high visibility and is located in close proximity to public transit, freeway access, and downtown Minneapolis. The property size is 4033 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Me Me Nails Nail Salon

    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
    -93.3086335
    Latitude
    45.0185093

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    FAQs

    What type of property is this?
    Storefront property - Retail property with established tenant and additional space.
    Where is this storefront property located?
    The property is located at 3453 Penn Ave N Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $317,500.
    What are key features of this property?
    This property features: - High visibility location on Penn Ave.; - Opportunity to expand real estate portfolio.; - Existing long-term tenant provides immediate income.
    (612) 308-9179
    Request Owner's contact information
    3453 Penn Ave N Minneapolis, MN 55412
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    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
    3453 Penn Ave N Minneapolis, MN 55412
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