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    221 Cedar Ave Minneapolis, MN 55454

    Sponsored
    For Sale
    $2,150,000

    Minneapolis Mixed-Use Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 221 Cedar Ave, Minneapolis, MN 55454, presents a compelling investment opportunity. The Republic at Seven Corners is a Class B, multi-tenant building boasting 10 apartment units (five one-bedroom and five two-bedroom) situated above a vibrant, 10,109 square foot ground-level pub. The property sits on a 0.12-acre lot (APN 25-029-24-23-0075) and is zoned C3A. Built in 1900, the building offers a total gross leasable area exceeding 20,000 square feet. Currently enjoying 100% occupancy, this asset presents a unique chance for a hands-on investor. Eight of the ten apartment units have already undergone renovations, providing a solid foundation for future growth. The property's prime location at Seven Corners, adjacent to the University of Minnesota Law School and Carlson School of Management, ensures strong tenant demand. Cosmetic upgrades to the remaining residential units offer significant potential for rental income increases. This is an ideal acquisition for an investor seeking a value-add opportunity in a high-demand Minneapolis location.

    Property Features for 221 Cedar Ave

    General Information

    Property type
    Multifamily properties
    Class
    B
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1900
    Units
    10

    HighLights

    • 10 apartment units (5 one‑bedroom, 5 two‑bedroom) above a 10,109 SF ground‑floor pub.
    • Exceptional Seven Corners location, adjacent to the University of Minnesota Law School and Carlson School of Management.
    • Value‑add opportunity: cosmetic upgrades to two apartment units will increase rental income.
    • 20,000+ square feet of gross leasable area (GLA).
    • 100% occupancy.
    • Tenants: Republic At Seven Corners pub and ten apartment units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2469139
    Latitude
    44.973203

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    FAQs

    What type of property is this?
    Multifamily property - Minneapolis Mixed-Use Investment Opportunity
    Where is this multifamily property located?
    The property is located at 221 Cedar Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: 10 apartment units (5 one-bedroom, 5 two-bedroom) above a 10,109 SF ground-floor pub.; Exceptional Seven Corners location, adjacent to the University of Minnesota Law School and Carlson School of Management.; Value-add opportunity: cosmetic upgrades to two apartment units will increase rental income.
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    221 Cedar Ave Minneapolis, MN 55454
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    Minneapolis, MN 55454
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    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
    221 Cedar Ave Minneapolis, MN 55454
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