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Property profile & analytics
OFF-MARKET Estimated value $525,000
Industrial land

901 2nd St Minneapolis, MN 55401-1009

1.07 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US46-1933113
Property summary
AI-generated overview

This exceptional 7,821-square-foot medical office building, constructed in 2008, presents a compelling net lease investment opportunity. Located at 901 S 2nd St, Minneapolis, MN 55415, in Hennepin County, this single-tenant property boasts 100% occupancy with a corporate guarantee. The property is a medical condo situated on the ground level of the Zenith Condominium building. The tenant is University of Minnesota Physicians, a highly reputable and financially stable organization committed to academic medicine and serving patients across Minnesota. The property features a NNN lease structure, minimizing landlord responsibilities and providing predictable cash flow. The building's prime location in Minneapolis offers excellent visibility and accessibility. This investment is part of a larger portfolio of medical-retail properties, available for individual or portfolio acquisition. The property's strong tenant, stable lease terms, and desirable location make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The Asset Property Number (APN) is 23-029-24-43-0212.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.07 ac (46,609 SF)
Zoning code B4N
APN 22-029-24-21-0433
UPID US46-1933113
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Janine Pingel, MD Pediatrician Medical Clinic
  • Jon Hallberg, MD Pediatrician Physician
  • Shawn Ullrich Counselor Social Worker
  • Megan Keuler Pediatrician Physician
  • Shawn Whelan, RN, MS, CNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k
Owner & transaction history
Star Tribune Media Co LLC
Star Tribune Media Co LLC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
B4N · Minneapolis, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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