Property Details for 12345 Butternut St

Year built

2006

Lot size

0.52 lot acres

Property size

5,600 SF

Property type

Retirement homes

Property subtype

Mixed-use properties

Description

This exceptional mixed-use investment opportunity in Minneapolis, MN, presents a unique chance to acquire a thriving senior living facility and foster care services business. Established in 2006, the property boasts 5,600 square feet across three levels, including a main floor with kitchen and laundry facilities, an upper level with a master suite and three additional bedrooms, and a fully equipped basement featuring two bedrooms, a kitchen, and laundry. The building, constructed in 2006, sits on a 0.52-acre lot and is fully handicap accessible. The current owner is retiring and seeking a buyer for this owner-user investment, offering a high profit margin with significant potential for expansion. The property's strong financial performance is evidenced by a Net Operating Income (NOI) of $120,422. The current zoning is residential, and the property is located in a prime metro area location at 12345 Butternut St NW, Minneapolis, MN 55448. The business license allows for expansion of services and staffing, though the current owner prefers the existing model. Occupancy is available December 1st, 2024. The asking price is $905,000. This is a rare opportunity to acquire a well-established, profitable business with significant upside potential in a desirable location. The six-bedroom property offers a blend of residential and commercial space, making it an ideal investment for a variety of buyers.

Location Insight

City

Minneapolis

County

Anoka

State

Minnesota

Longitude

-93.2702

Latitude

45.1941