Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2400-2414 Hennepin Ave Minneapolis, MN 55405

    For Sale
    $1,760,000

    Prime Minneapolis retail & restaurant opportunity.

    Property size:
    14,849 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional three-story mixed-use building, located at 2400-2414 Hennepin Avenue in Minneapolis, Minnesota, presents a compelling value-add investment opportunity. Originally constructed in 1910, this property boasts 14,849 square feet on a 0.39-acre lot and benefits from a highly desirable South Minneapolis location. The building is anchored by a Spyhouse Coffee, providing a strong and established tenant. With 94 feet of frontage on Hennepin Avenue, the property offers significant visibility and accessibility. The building features on-site parking, a rare amenity in this vibrant area. This investment opportunity allows for redevelopment and further value creation, capitalizing on the existing strong tenant and the property's prime location. The property's Walk Score of 94 reflects its convenient access to numerous amenities and attractions. The asking price is $1,760,000, translating to $118.53 per square foot. This historic building offers a unique blend of character and potential, making it an ideal acquisition for a discerning investor seeking a strong return on investment in a thriving Minneapolis neighborhood. The property's mixed-use nature presents multiple avenues for expansion and enhancement, catering to a diverse range of commercial and potentially residential uses.

    Property Features for 2400-2414 Hennepin Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,849 SF
    Lot Size
    16,988 SF

    Building Details

    Stories
    3

    HighLights

    • Great South Minneapolis location on Hennepin Avenue.
    • Anchored by Spyhouse Coffee.
    • Value‑add and redevelopment opportunity.
    • 94 feet of Hennepin Avenue frontage.
    • On‑site parking.
    • Walk Score of 94.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.29425924
    Latitude
    44.95888311

    Nearby Similar for Sale

    • $999,900
      0.22 Acres

      Historic Minneapolis Residence/Business Opportunity

      1890 residence in Loring Park, suitable for various uses.
      425 Oak Grove St, Minneapolis, MN 55403
      View Details
    • $600,000
      0.17 Acres

      Minneapolis Multi-Use Commercial Property

      6,009 SF multi-use commercial property in the heart of Minneapolis.
      2318 1St Ave S, Minneapolis, MN 55404
      View Details
    • $1,350,000
      0.15 Acres

      Prime Restaurant Opportunity, Minneapolis

      Restaurant property for sale in high-demand South Minneapolis location.
      3401-3405 Lyndale Ave S, Minneapolis, MN 55408
      View Details
    • $699,000
      0.10 Acres

      Minneapolis Multifamily Investment Opportunity

      Six-unit building in Longfellow neighborhood with immediate cash flow potential.
      2818 E 31St St, Minneapolis, MN 55406
      View Details
    • $1,950,000
      0.40 Acres

      Corner Lot in Longfellow Neighborhood

      Highly visible corner lot in Minneapolis' Longfellow neighborhood.
      4215 E Lake St, Minneapolis, MN 55406
      View Details
    • $599,000
      0.12 Acres

      Well-Maintained Office Building For Sale

      Office building in NE Minneapolis, ideal for professional uses.
      3359 Central Avenue NE, Minneapolis, MN 55418
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Minneapolis retail & restaurant opportunity.
    Where is this individual retail property located?
    The property is located at 2400-2414 Hennepin Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,760,000.
    What are key features of this property?
    This property features: Great South Minneapolis location on Hennepin Avenue.; Anchored by Spyhouse Coffee.; Value-add and redevelopment opportunity.
    Request Owner's contact information
    2400-2414 Hennepin Ave Minneapolis, MN 55405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2400-2414 Hennepin Ave
    Minneapolis, MN 55405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2400-2414 Hennepin Ave Minneapolis, MN 55405
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.