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    1934 Hennepin Ave Minneapolis, MN 55403

    Sponsored
    For Sale
    $3,850,000

    Boutique Property, High ROI Potential

    Property size:
    26,758 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Burch Building, located at 1934 Hennepin Ave, Minneapolis, MN 55403, presents a unique investment opportunity. This Class A, mixed-use property boasts 26,758 square feet across a single building on approximately 0.34 acres. The building, renovated in 2013, offers a blend of creative office, restaurant, and storefront spaces, making it ideal for a diverse tenant mix. The property's multi-tenancy structure provides a stable income stream. The asking price is $3,850,000, translating to $143.88 per square foot. The property includes 15 parking spaces, adding significant value for tenants and visitors. Its location in Minneapolis, Hennepin County, provides excellent access to the city's vibrant cultural scene and robust business environment. Additional income streams are generated from a nearby parking lot and billboard. This value-add investment presents a compelling opportunity for discerning buyers seeking a high-return property in a prime Minneapolis location. The property's versatile space and strong location make it an attractive investment for both short-term and long-term growth. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving urban market.

    Property Features for 1934 Hennepin Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    26,758 SF
    Class
    A

    Building Details

    Year Renovated
    2013
    Buildings
    1

    HighLights

    • $3,850,000 asking price for a 26,758 SF mixed‑use property.
    • Class A, multi‑tenant building with creative office, restaurant, and storefront spaces.
    • Value‑add investment opportunity in Minneapolis, MN.
    • Located at 1934 Hennepin Ave, Minneapolis, MN 55403.
    • Renovated in 2013, featuring 15 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Craftmade Aprons at Lowry ... Restaurant Supply Store PrairieCare Institute Event Venue John Luehr Psychiatrist Dr. Stephen Setterberg Psychiatrist Stillpoint Engage Non-Profit Organization

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2915384
    Latitude
    44.9629452

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    FAQs

    What type of property is this?
    Individual retail property - Boutique Property, High ROI Potential
    Where is this individual retail property located?
    The property is located at 1934 Hennepin Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: $3,850,000 asking price for a 26,758 SF mixed-use property.; Class A, multi-tenant building with creative office, restaurant, and storefront spaces.; Value-add investment opportunity in Minneapolis, MN.
    Request Owner's contact information
    1934 Hennepin Ave Minneapolis, MN 55403
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    Minneapolis, MN 55403
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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
    1934 Hennepin Ave Minneapolis, MN 55403
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