Mixed-Use Building with
New
For Sale
Contact for pricing
406 14th Avenue SE, Minneapolis, MN 55414
Four residential units sit above a restaurant space on the main level.
Property Size8,904 SF
Price / SF$0.11
Days on Market4
Property Features for 406 14th Avenue SE
General Information
Standard status
Active
Size
8,904 SF
Property subtype
Commercial
Zoning
Business/Commercial, Residential-Multi-Family
Site & Location
Neighborhood
University
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$45,067
Building Details
Building Size
8,904 SF
Year Built
1920
Units
4
Tenancy
Multi
Listing Agency:
Ashworth Real Estate
Listed By:
Molly Hangartner
(612) 597-4014
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:14PM
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 Ashworth Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a restaurant space at street level with four residential units on the floors above. The building dates to 1920 and is zoned for business/commercial and residential multifamily use.
Located at 406 14th Avenue SE in Minneapolis, the property brings commercial and residential components together within one building.
Located at 406 14th Avenue SE in Minneapolis, the property brings commercial and residential components together within one building.
Key Highlights
- Four residential units above a main‑level restaurant space
- Business/commercial and residential‑multifamily zoning
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,507
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,010,140
$2.0M
Cap Rate 7%
$1,435,814
$1.4M
Cap Rate 9%
$1,116,744
$1.1M
Market Conditions
NOI Build-Up for 8,904 SF
Gross rent
$165.6K $18.60/SF
− Vacancy
−$4.8K −$0.54/SF
EGI
$160.8K $18.06/SF
− OpEx
−$60.3K −$6.77/SF
NOI
$100.5K $11.29/SF
Area
Minneapolis, MN
Vacancy
2.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,010,140
Cap Rate 7%
$1,435,814
Cap Rate 9%
$1,116,744
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,733 @ 7.0% cap · market cap 12,073.30%
Second Best
Apartment 5plus
$1.71M
$1.49M – $1.99M
NOI $119,489 @ 7.0% cap · market cap 11,948.90%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,702 @ 7.0% cap · market cap 14,870.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential units sit above a restaurant space on the main level.
Where is this mixed-use property located?
The property is located at 406 14th Avenue SE Minneapolis, MN.
What are key features of this property?
This property features: Four residential units above a main‑level restaurant space; Business/commercial and residential‑multifamily zoning; Built in 1920
