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Mixed-Use Building with Bar

1223 42nd Avenue N, Minneapolis, MN 55412

For Sale
$599,900

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.16 Acres
Days on Market49

Property Features for 1223 42nd Avenue N

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Bedrooms 4
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 6, Bathroom 4, Bathroom 2, Basement, Bathroom 1, Bathroom 5, Bedroom 4
Parking features Parking Lot, Assigned, Garage - Detached
Patio and Porch features Porch
Appliances Water Heater - Gas, Range, Refrigerator
Subdivision Wyoming Park Add
Lot features Infill Lot
High school district Minneapolis
Directions 94W to Dowling Ave Exit. Left at the light to Fremont Ave N. Right on Fremont until arriving at the property on the right.
Standard status Active
APN 0402924120152
Lot size 0.16 Acres

Site & Location

Corner Location Yes
Mixed-Use Components residential, retail

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 13119

Building Details

Year built 1901
Building materials Brick, Frame
Roof type Rubber
Buildings 1
Listing Agency: Keller Williams Realty Integrity Lakes
Listed By: Ineye Bobmanuel
Added: Sep 23 Changed: Nov 2 Last Checked: Nov 10 at 6:06AM
MLS# 7149007

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This Minneapolis mixed-use property combines five commercial units on the main level with two residential units above. The bar is part of the sale, and the building dates to 1901. One residence is vacant; the other has been occupied by the same tenants for 15 years.

The 0.1619-acre property includes off-street parking, a parking lot, and a detached garage. It is located at 1223 42nd Avenue N in Minneapolis.

Key Highlights

  • Five commercial units on the main level and two residential units upstairs
  • The bar is included in the sale
  • 0.1619‑acre property with off‑street parking, a parking lot, and detached garage

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Pharmacy Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

410
Businesses Nearby

Demographics for 55412, MN

23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Mixed-use properties in Minneapolis

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Five commercial spaces share the property with two upper-level residences and off-street parking.
Where is this mixed-use property located?
The property is located at 1223 42nd Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Five commercial units on the main level and two residential units upstairs; The bar is included in the sale; 0.1619‑acre property with off‑street parking, a parking lot, and detached garage
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