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    12345 Butternut St Minneapolis, MN 55448

    Sponsored
    For Sale
    $905,000

    Profitable Senior Living Facility, Excellent Location

    Property size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment opportunity in Minneapolis, MN, presents a unique chance to acquire a thriving senior living facility and foster care services business. Established in 2006, the property boasts 5,600 square feet across three levels, including a main floor with kitchen and laundry facilities, an upper level with a master suite and three additional bedrooms, and a fully equipped basement featuring two bedrooms, a kitchen, and laundry. The building, constructed in 2006, sits on a 0.52-acre lot and is fully handicap accessible. The current owner is retiring and seeking a buyer for this owner-user investment, offering a high profit margin with significant potential for expansion. The property's strong financial performance is evidenced by a Net Operating Income (NOI) of $120,422. The current zoning is residential, and the property is located in a prime metro area location at 12345 Butternut St NW, Minneapolis, MN 55448. The business license allows for expansion of services and staffing, though the current owner prefers the existing model. Occupancy is available December 1st, 2024. The asking price is $905,000. This is a rare opportunity to acquire a well-established, profitable business with significant upside potential in a desirable location. The six-bedroom property offers a blend of residential and commercial space, making it an ideal investment for a variety of buyers.

    Property Features for 12345 Butternut St

    General Information

    Property type
    Retirement homes
    Square Feet
    5,600 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    2

    HighLights

    • $905,000 asking price for a mixed‑use, senior living property.
    • 5,600 square feet on a 0.52‑acre lot in Minneapolis, MN.
    • Established in 2006, this owner‑user investment opportunity generates a $120,422 NOI.
    • Features six bedrooms, a two‑story building, and is handicap accessible.
    • Located at 12345 Butternut St NW, Minneapolis, MN 55448, with an occupancy date of December 1, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Wholesale Shop Hair Salon Building Supply Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.270205730957
    Latitude
    45.194101997444

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    FAQs

    What type of property is this?
    Retirement home - Profitable Senior Living Facility, Excellent Location
    Where is this retirement home located?
    The property is located at 12345 Butternut St Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $905,000.
    What are key features of this property?
    This property features: $905,000 asking price for a mixed-use, senior living property.; 5,600 square feet on a 0.52-acre lot in Minneapolis, MN.; Established in 2006, this owner-user investment opportunity generates a $120,422 NOI.
    Request Owner's contact information
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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
    12345 Butternut St Minneapolis, MN 55448
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