1501 Xerxes N Ave Minneapolis, MN 55411-2851

Property Details for 1501 Xerxes N Ave

Year built

2000

Construction

CONCRETE BLOCKS

Lot size

0.42 lot acres

Property type

Commercial real estate

APN

17-029-24-34-0005

APU

1702924340005

Description

This exceptional investment opportunity presents a freestanding daycare center located at 1501 Xerxes Avenue N, Golden Valley, MN 55411. The property boasts a versatile floor plan spanning 14,650 to 25,340 square feet, spread across two stories, built in 1959 and 2000. The building sits on a sizable lot ranging from 0.42 to 0.73 acres and is zoned I-A Industrial Assembly, offering flexibility for future uses. The property includes 30 parking spaces, a significant asset for both staff and clients. The building features an elevator for convenient access to all floors. This strategically located daycare center benefits from excellent highway access, placing it within easy reach of a substantial population base. Within a one-mile radius, the average population is 8,499, with an average household income of $58,043. This expands to 68,326 residents and a $64,036 average household income within three miles, and further to 227,571 residents and a $61,699 average household income within five miles. The property's location near the intersection of major roadways and its proximity to several smaller neighborhoods within North Minneapolis makes it an attractive investment with strong potential for growth and return. The asking price for this unique property is $3,650,000. APN: 17-029-24-34-0004