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    800 42Nd Ave Minneapolis, MN 55412

    For Sale
    Contact for pricing

    Prime Camden location, vacant office building, great signage.

    Property size:
    5,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 5,000-square-foot, two-story office building presents a unique investment opportunity in Minneapolis' vibrant Camden neighborhood. Situated on a prominent corner lot (10,643 sq ft) at 800 42nd Ave N, this Class B property boasts excellent visibility and signage potential. Built in 1937, the building features 18 offices, three off-street parking spaces, plus 13 additional parking spaces, and ample street parking nearby. The open floor plan is enhanced by abundant natural light from numerous windows, creating a welcoming atmosphere. Each floor includes two bathrooms and kitchens, along with four large meeting rooms, currently configured for a single-user occupancy. The property is zoned CM1 Neighborhood Mixed-Use and CM2 Corridor Mixed-Use, offering flexibility for a variety of uses. This owner-user opportunity is ideal for a business seeking a unique and adaptable workspace in a thriving location, close to major employers, highways, downtown, housing, and public transportation. The sale is structured for a 1031 exchange. This is a rare chance to acquire a creative and flexible office building in a high-demand area. The building's previous use was a counseling health/wellness business.

    Property Features for 800 42Nd Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,100 SF
    Class
    B

    Building Details

    Year Built
    1937
    Buildings
    1
    Stories
    2

    HighLights

    • Free‑standing, two‑story office building on a corner lot in Camden's commercial corridor.
    • Excellent signage opportunity at 42nd Ave N. location.
    • Previously occupied by a health and wellness practice.
    • Features off‑street parking and ample street parking on Aldrich.
    • Zoned CM1 and CM2 (Neighborhood and Corridor Mixed‑Use).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    North Star Electrical ... Electrician Restoration Counseling And Community ... Medical Clinic The Col Apartments Apartment Rental Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -93.2896142
    Latitude
    45.0317684

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Camden location, vacant office building, great signage.
    Where is this office property / space located?
    The property is located at 800 42Nd Ave Minneapolis, MN.
    What are key features of this property?
    This property features: Free-standing, two-story office building on a corner lot in Camden's commercial corridor.; Excellent signage opportunity at 42nd Ave N. location.; Previously occupied by a health and wellness practice.
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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
    800 42Nd Ave Minneapolis, MN 55412
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