3553 Hennepin Ave, Minneapolis, MN

Listing agent Jim Kenney Show Phone

Listing office Suntide Commercial Realty, Inc. Show Phone

Listing date Jul 29, 2024

Source Moodyscre

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 Suntide Commercial Realty, Inc.

Report an issue

---

Overview

This 1,347-square-foot retail property is 100% leased through July 31, 2029, with the tenant having a 5-year option to renew. The annual average net operating income is $49,019, with an additional 5% management fee, totaling $51,467. The tenant is responsible for virtually all expenses, and the lease is available for review. Situated on an approximately 10,350-square-foot corner urban infill site, the property includes approximately 11 parking spaces. Real estate taxes are $21,886.16, which the tenant pays. The assessed value is $709,000. A new roof was installed in the spring of 2024. Located on the #6 Bus Line, the property offers close proximity and direct access to Bde Mka Ska. There is potential for assemblage of neighboring properties for larger-scale development, and renderings for such development are available upon request. Future multi-family development is possible, potentially accommodating approximately 29 units, 1,500 square feet of commercial space, and 18 parking stalls, or more; buyers should verify these possibilities.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Minneapolis

County

Anoka

State

Minnesota

Longitude

-93.2981

Latitude

44.938

Nearby Similar for Sale

• 

  $6,000,000

  14,000 SF

  Retail and Office Building

  High visibility retail and office space near light rail.

  2720 University Avenue SE, Minneapolis, MN 55414

  View Details
• 

  $162,600

  1,626 SF

  Warehouse District Business Condo

  Office condo in the heart of Minneapolis' North Loop.

  718 Washington Avenue N 201, Minneapolis, MN 55401

  View Details
• 

  $145,200

  1,457 SF

  Warehouse District Business Condo

  Office condo in the North Loop, downtown Minneapolis.

  718 Washington Avenue N 205, Minneapolis, MN 55401

  View Details
• 

  $4,500,000

  Iconic Waterfront Restaurant Opportunity

  Premier restaurant and bar with Mississippi River waterfront real estate.

  1900 Marshall Street NE, Minneapolis, MN 55415

  View Details
• 

  $695,000

  1,365 SF

  Mixed-Use Property Near Lake Bde

  Mixed-use property with commercial space, apartment, and ample parking.

  3101 Irving Avenue S, Minneapolis, MN 55408

  View Details
• 

  $550,000

  Flex Office Warehouse

  Business owner opportunity with flexible space for offices and warehouse-style operations under Business/Commercial zoning.

  2942 Oakland Avenue, Minneapolis, MN 55407

  View Details
• 

  $1,300,000

  6,270 SF

  Warehouse with Large Parking Lot

  6270 SF warehouse with parking in Minneapolis, MN.

  2500 27th Avenue S, Minneapolis, MN 55406

  View Details
• 

  $4,990,000

  Versatile Minneapolis Specialty Building

  Three-story building with offices, classrooms, and commercial kitchen.

  4021 Thomas Avenue N, Minneapolis, MN 55412

  View Details
• 

  $875,000

  Mixed-Use Investment Opportunity

  Mixed-use property with residential and commercial components in Minneapolis.

  1720 Glenwood Avenue, Minneapolis, MN 55405

  View Details
• 

  $1,350,000

  Restaurant Property with Commercial Kitchen

  Connected street-level restaurant spaces with a fully operational commercial kitchen, ready for an operator to start quickly.

  3401-3405 Lyndale Avenue S, Minneapolis, MN 55408

  View Details
• 

  $3,100,000

  Iconic Minneapolis Hospitality Property

  Unique restaurant and entertainment destination in Northeast Minneapolis.

  2501 Marshall Street NE, Minneapolis, MN 55418

  View Details
• 

  $600,000

  Minneapolis Multi-Use Commercial Property

  6,009 SF multi-use commercial property in the heart of Minneapolis.

  2318 1st Avenue S, Minneapolis, MN 55404

  View Details

FAQs

What type of property is this?

Retail space - Fully leased retail property with future development potential near Bde Mka Ska.

Where is this retail space located?

The property is located at 3553 Hennepin Ave Minneapolis, MN.

What is the asking price?

The asking price for this property is $740,000.

What are key features of this property?

This property features: 100% Leased through July 31, 2029, providing stable income.; Annual Average NOI of $49,019 +5% mgmt fee = $51,467.; Future Multi‑Family Development potential (approximately 29 units, 1,500 sf commercial, 18 parking stalls).