Renovated Retail and Office
For Sale
$1,350,000
3552 Bryant Ave S, Minneapolis, MN 55408
Renovated property offering bedrooms or office space with updated kitchen and baths, with established retail tenants.
Property Size5,400 SF
Days on Market249
Property Features for 3552 Bryant Ave S
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Street Retail
Site & Location
Neighborhood
Calhoun Isles
Building Details
Building Size
5,400 SF
Year Built
1914
Listing Agency:
KW Commercial Premier
Listed By:
Scott Miller
(651) 283-6803
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 8
Last Checked: Oct 24 at 1:32PM
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 KW Commercial Premier
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Investment Insights
Based on property information with market context.
This for-sale property includes a renovated house with updated kitchen and baths, with the interior configured for bedrooms or office space. The layout can support flexible office use alongside the existing storefront functionality.
The building is tied to neighborhood retail activity, with Bogarts Donuts described as an institution in the area and the Lion Clothing Store opening about two years ago. The property is located at 3552 Bryant Ave S near the intersection of 36th & Bryant Avenue South in Minneapolis, MN 55408.
The building is tied to neighborhood retail activity, with Bogarts Donuts described as an institution in the area and the Lion Clothing Store opening about two years ago. The property is located at 3552 Bryant Ave S near the intersection of 36th & Bryant Avenue South in Minneapolis, MN 55408.
Key Highlights
- Year built: 1914
- Recently renovated property with updated kitchen and baths
- Flexible layout with bedrooms or office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,482
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,640
$1.3M
Cap Rate 7%
$964,029
$964.0K
Cap Rate 9%
$749,800
$749.8K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$112.8K $20.88/SF
− Vacancy
−$22.8K −$4.22/SF
EGI
$90.0K $16.66/SF
− OpEx
−$22.5K −$4.17/SF
NOI
$67.5K $12.50/SF
Area
Minneapolis, MN
Vacancy
20.20%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,640
Cap Rate 7%
$964,029
Cap Rate 9%
$749,800
Alternative Uses
Best Use
Office B
$964.0K
$843.5K – $1.12M
NOI $67,482 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$929.1K
$812.9K – $1.08M
NOI $65,035 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,183 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Pansy Floral — 314 W 38th St, Minneapolis, MN 55409
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated property offering bedrooms or office space with updated kitchen and baths, with established retail tenants.
Where is this storefront property located?
The property is located at 3552 Bryant Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Year built: 1914; Recently renovated property with updated kitchen and baths; Flexible layout with bedrooms or office space
