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Mixed-Use Building with Bar
For Sale
$599,900

1223 42nd Avenue N, Minneapolis, MN 55412

Five ground-floor commercial spaces sit below two residential units.

Property Size7,700 SF
Price / SF$77.91
Days on Market33

Property Features for 1223 42nd Avenue N

General Information

Standard status Active
Size 7,700 SF
Property subtype Commercial
Zoning Business/Commercial

Site & Location

Neighborhood Camden
Corner Location Yes
Mixed-Use Components commercial, residential

Additional Details

Business Included Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $13,119

Building Details

Building Size 7,700 SF
Year Built 1901
Units 6
Tenancy Multi
Listing Agency: Keller Williams Realty Integrity Lakes
Listed By: Ineye Bobmanuel
Source: Hewittjacksonrealestate
Added: Sep 23 Changed: Oct 24 Last Checked: Oct 24 at 3:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Integrity Lakes

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Investment Insights

Based on property information with market context.

The 7,700-square-foot mixed-use building was constructed in 1901 and includes a bar. Its layout places five commercial units on the main level and two residential units upstairs. One residence is vacant, while the other has had the same tenants for 15 years.

Located on a corner in Minneapolis’s Camden Neighborhood, the property has off-street parking and Business/Commercial zoning.

Key Highlights

  • Five commercial units and two residential units in one building
  • 7,700 square feet; built in 1901
  • Bar included in the sale

Property Analytics

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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

Multi-tenant
Tenancy
Turnkey business
Opportunity

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

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 ground-floor commercial spaces sit below two residential units.
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 and two residential units in one building; 7,700 square feet; built in 1901; Bar included in the sale
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