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999 50Th Ave Minneapolis, MN 55421

For Sale
$1,100,000

12,446 SF Flex Space, Investment Opportunity

Property size:
12,446 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This 12,446 square foot mixed-use building in Columbia Heights, Minnesota, presents a unique investment opportunity. Situated on a 0.83-acre lot, this two-story, 1976-built structure offers approximately 6,200 square feet per floor, with ceiling heights ranging from 9 to 10 feet. Currently vacant, the property requires over $400,000 in renovations, but upon completion, it's projected to appraise at approximately $2.6 million. The building boasts 46 on-site parking spaces, supplemented by ample street parking, and benefits from its location in a General Business (GB) district, allowing for over 40 permitted uses, including daycare, medical office, and restaurant. The property is conveniently located near I-694 freeway access. Seller financing options are available, including contract for deed (up to 24 months) and lease-to-own agreements, providing flexible acquisition pathways for owner-occupants or multi-tenant investors. The building's zoning allows for a wide variety of commercial uses, making it an adaptable asset for various business ventures. Detailed blueprints and documents are available online. The asking price is $1,100,000, with a price per square foot of $88.38.

Property Features for 999 50Th Ave

General Information

Property type
Day care centers
Square Feet
12,446 SF
Class
C
Lot Size
36,155 SF

Building Details

Year Built
1976
Stories
2

HighLights

  • 12,446 SF mixed‑use building on two levels, offering approximately 6,200 SF per floor.
  • 46 on‑site parking spaces plus street parking available.
  • 9‑foot ceilings upstairs, up to 10‑foot ceilings downstairs.
  • Requires over $400,000 in renovations; post‑renovation appraised value estimated at $2.6 million.
  • Seller financing options include lease‑to‑own and contract for deed (up to 24 months).
  • Suitable for owner‑occupancy or multi‑tenant use; over 40 permitted uses in the GB zoning district.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Bauer Bros Construction ... General Contractor Golden Horn Group Contractor

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Minneapolis
County
Anoka
State
Minnesota
Longitude
-93.2460019
Latitude
45.0592156

FAQs

What type of property is this?
Day care center - 12,446 SF Flex Space, Investment Opportunity
Where is this day care center located?
The property is located at 999 50Th Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 12,446 SF mixed-use building on two levels, offering approximately 6,200 SF per floor.; 46 on-site parking spaces plus street parking available.; 9-foot ceilings upstairs, up to 10-foot ceilings downstairs.
More about this property
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