Mixed-Use Building in
1934 Hennepin Ave Minneapolis, MN 55403
1934 Hennepin Ave, Minneapolis, MN, 55403
Contact for pricing
For Sale
Contact for pricing
26,587 SF mixed-use building on 0.34 acres for sale.
Property Size26,758 SF
Lot Size0.34 Acres
Price / SF$125.20
Days on Market873
Property Features for 1934 Hennepin Ave
General Information
- Standard status
- Active
- Size
- 26,758 SF
- Lot size
- 0.34 Acres
- Property subtype
- Mixed Use, Office, Retail
Listing agency
Cushman & Wakefield - Bloomington, Minnesota
(952) 465-3377
Listed by
William Melin · License #MN S56957000
Source
Crexi
Added: Feb 29, 2024 Updated: Jul 6 at 8:41AM Checked: Jul 21 at 2:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Bloomington, Minnesota
Investment Insights
Based on property information with market context.
The Burch Building, located at 1934 Hennepin Ave and 1925 Colfax Ave S in Minneapolis, Minnesota, is available for acquisition. This mixed-use property encompasses approximately 26,587 square feet and is situated on approximately 0.34 acres. The offering includes a nearby parking lot and billboard income.
Key Highlights
- Opportunity to acquire The Burch Building as a fee simple interest.
- Property size is approximately 26,587 SF.
- Located at 1934 Hennepin Ave and 1925 Colfax Ave S, Minneapolis, Minnesota.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $497.7k | $18.60 |
| − Vacancy | −$14.4k | −$0.54 |
| EGI | $483.3k | $18.06 |
| − OpEx | −$181.2k | −$6.77 |
| NOI | $302.0k | $11.29 |
26,758 SF · lease $18.60/SF/yr · vacancy 2.90% · expense 37.50%
Alternative Uses
Best Use
Office B
$4.78M
$4.18M – $5.57M
NOI $334,386 @ 7.0% cap · market cap 9.98%
Second Best
Retail
$4.60M
$4.03M – $5.37M
NOI $322,260 @ 7.0% cap · market cap 9.62%
Theoretical Best
Office A
$6.38M
$5.59M – $7.45M
NOI $446,873 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Craftmade Aprons at Lowry ...
Big Box & Wholesale Store
PrairieCare Institute
Hotel & Motel
John Luehr
Physician
Dr. Stephen Setterberg
Physician
Stillpoint Engage
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 26,587 SF mixed-use building on 0.34 acres for sale.
Where is this mixed-use property located?
The property is located at 1934 Hennepin Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Opportunity to acquire The Burch Building as a fee simple interest.; Property size is approximately 26,587 SF.; Located at 1934 Hennepin Ave and 1925 Colfax Ave S, Minneapolis, Minnesota.
