Historic Retail Building with CM2
808 Lowry Ave N Minneapolis, MN 55411
808 Lowry Ave N, Minneapolis, MN, 55411
$1,700,000
For Sale
$1,700,000
Built in 1923, this historic retail building is zoned CM2 and offers versatile space for street retail concepts.
Property Size4,029 SF
Price / SF$421.94
Days on Market721
Property Features for 808 Lowry Ave N
General Information
- Standard status
- Active
- Size
- 4,029 SF
Listing agency
(480) 712-0255
Listed by
Brittney Knutson · License #SA701996000
(480) 712-0255
Source
Expcommercial
Added: Jul 31, 2024 Updated: Jul 21 at 12:55AM Checked: Jul 21 at 2:57AM
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 Brittney Knutson
Investment Insights
Based on property information with market context.
This historic commercial building was constructed in 1923 and offers a retail-focused configuration for street retail use. The property’s layout is described as expansive, supporting retail displays and customer engagement, with character and architectural appeal that can be used to support retail branding.
The building is located at 808 Lowry Ave N in Minneapolis, MN 55411. It is zoned CM2, which aligns with retail and street retail business use under the provided information.
In addition to retail concepts, the property is described as having potential for multifamily use, subject to applicable requirements. The asset presents a single building opportunity with established historic character for buyers evaluating retail and street retail strategies, as well as potential mixed-use scenarios.
The building is located at 808 Lowry Ave N in Minneapolis, MN 55411. It is zoned CM2, which aligns with retail and street retail business use under the provided information.
In addition to retail concepts, the property is described as having potential for multifamily use, subject to applicable requirements. The asset presents a single building opportunity with established historic character for buyers evaluating retail and street retail strategies, as well as potential mixed-use scenarios.
Key Highlights
- 4,029 SF historic building built in 1923
- Zoned CM2 for retail and street retail businesses
- Versatile building layout with space suitable for retail and street retail concepts
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.9k | $18.60 |
| − Vacancy | −$5.6k | −$1.40 |
| EGI | $69.3k | $17.21 |
| − OpEx | −$20.8k | −$5.16 |
| NOI | $48.5k | $12.04 |
4,029 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$693.2K
$606.5K – $808.7K
NOI $48,523 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A & J Auto Body ...
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Built in 1923, this historic retail building is zoned CM2 and offers versatile space for street retail concepts.
Where is this retail space located?
The property is located at 808 Lowry Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,029 SF historic building built in 1923; Zoned CM2 for retail and street retail businesses; Versatile building layout with space suitable for retail and street retail concepts
