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    156 Irving Ave Minneapolis, MN 55405

    Sponsored
    For Sale
    Contact for pricing

    1-Story Warehouse, 8 Docks, Prime Location

    Property size:
    10,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,400-square-foot warehouse, situated on a 1.04-acre lot (45,164 square feet), presents a compelling investment opportunity in Minneapolis, MN. Built in 1995, the single-story building boasts an impressive 18-foot ceiling height, ideal for various industrial uses. The property features eight loading docks and a large 17' x 50' hangar door, ensuring efficient loading and unloading operations. The 600A 277/480V power supply caters to substantial energy demands. A dry sprinkler system is in place for fire protection. The property is zoned PR1: Production Mixed Use, allowing for diverse applications, including manufacturing and redevelopment projects. Annual property taxes are $23,209.16, equating to $2.23 per square foot. Its central location provides easy access to major transportation arteries, including I-94, I-394, Highway 55, and downtown Minneapolis, making it strategically positioned for seamless logistics and distribution. This warehouse offers significant potential for businesses seeking a well-equipped and conveniently located industrial space. The sale price is negotiable.

    Property Features for 156 Irving Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    10,400 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.29949548
    Latitude
    44.97660726

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    FAQs

    What type of property is this?
    Distribution property - 1-Story Warehouse, 8 Docks, Prime Location
    Where is this distribution property located?
    The property is located at 156 Irving Ave Minneapolis, MN.
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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
    156 Irving Ave Minneapolis, MN 55405
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