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    3260 Gorham Ave Minneapolis, MN 55426

    Sponsored
    For Sale
    $2,576,000

    22,400 SF Warehouse, Multi-Tenant Investment

    Property size:
    22,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 22,400-square-foot industrial warehouse, located at 3260 Gorham Avenue in Minneapolis, Minnesota, presents a compelling investment opportunity. The Class B property sits on a 0.72-acre lot and features a single-story building with three loading docks. Ceiling heights range from 9 to 12 feet, providing ample vertical space for various storage and operational needs. The property is currently configured as a multi-tenant building, offering immediate income potential. A significant portion of the space, approximately 5,500 square feet, is currently available for an owner-occupier, allowing for a strategic combination of investment and operational use. The asking price is $2,576,000, translating to $115 per square foot. The property benefits from a convenient location off Highway 7 and Louisiana Avenue South, ensuring easy access and transportation. Each bay offers dock and/or drive-in access, and the site includes options for valuable outdoor storage. The lease type is NNN (Net, Net, Net), and the property is being offered for sale by owner. This warehouse provides a unique blend of investment potential and operational flexibility, making it an attractive proposition for discerning buyers. The Hennepin County location, with zip code 55426, adds to its desirability.

    Property Features for 3260 Gorham Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    22,400 SF
    Class
    B
    Lot Size
    31,363 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 22,400 SF industrial warehouse in Minneapolis, MN.
    • Class B building on a 0.72‑acre lot with three loading docks.
    • Ceiling heights range from 9‑12 feet.
    • Multi‑tenant building with 5,500 SF currently available for owner‑occupancy.
    • Asking price: $2,576,000 ($115/SF).
    • Convenient location off Highway 7 and Louisiana Ave S, with ample outdoor storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    3 Cricketeers, LLC Food Manufacturer 3 Cricketeers Farm SOS Properties Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    -93.3698329
    Latitude
    44.9429178

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    FAQs

    What type of property is this?
    Distribution property - 22,400 SF Warehouse, Multi-Tenant Investment
    Where is this distribution property located?
    The property is located at 3260 Gorham Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $2,576,000.
    What are key features of this property?
    This property features: 22,400 SF industrial warehouse in Minneapolis, MN.; Class B building on a 0.72-acre lot with three loading docks.; Ceiling heights range from 9-12 feet.
    Request Owner's contact information
    3260 Gorham Ave Minneapolis, MN 55426
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    Minneapolis, MN 55426
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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
    3260 Gorham Ave Minneapolis, MN 55426
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