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Six-Unit Mixed-Use Property

3116 Emerson Avenue N, Minneapolis, MN 55411

For Sale
$410,900

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.15 Acres
Days on Market61

Property Features for 3116 Emerson Avenue N

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial, Residential-Multi-Family
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2
Parking features Parking Lot
Subdivision Silver Lake Add
High school district Minneapolis
Directions Lowry to Emerson Ave N
Standard status Active
APN 0902924420025
Lot size 0.15 Acres

Site & Location

Corner Location Yes
Mixed-Use Components residential, commercial

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 7385

Building Details

Year built 1907
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: William Schultz
Added: Sep 13 Changed: Nov 11 Last Checked: Nov 12 at 6:06AM
MLS# 7143580

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 six-unit mixed-use property combines four residential apartments with two commercial spaces, creating a blend of residential and commercial occupancy. All six units are occupied. The building dates to 1907 and includes 10 off-street parking stalls for residential and commercial tenants.

The property occupies a corner at Lowry Avenue N and Emerson Avenue N in Minneapolis. The site measures 0.15 acres.

Key Highlights

  • Six income‑producing units: four apartments and two commercial spaces
  • All six units are currently occupied
  • 10 off‑street parking stalls serve residential and commercial tenants

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Israelite Church of God ... Church

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Cafe & Coffee Shop Accounting Firm Auto Parts Store

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

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

432
Businesses Nearby

Demographics for 55411, MN

31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Four apartments and two commercial spaces are fully occupied, with off-street parking for residents and commercial tenants.
Where is this mixed-use property located?
The property is located at 3116 Emerson Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $410,900.
What are key features of this property?
This property features: Six income‑producing units: four apartments and two commercial spaces; All six units are currently occupied; 10 off‑street parking stalls serve residential and commercial tenants
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