2400-2414 Hennepin Ave Minneapolis, MN 55405
- Retail properties
- 14,849 SF
- 0.39 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2400-2414 Hennepin Ave
- Lot size
- 0.39 lot acres
- Property size
- 14,849 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional three-story mixed-use building, located at 2400-2414 Hennepin Avenue in Minneapolis, Minnesota, presents a compelling value-add investment opportunity. Originally constructed in 1910, this property boasts 14,849 square feet on a 0.39-acre lot and benefits from a highly desirable South Minneapolis location. The building is anchored by a Spyhouse Coffee, providing a strong and established tenant. With 94 feet of frontage on Hennepin Avenue, the property offers significant visibility and accessibility. The building features on-site parking, a rare amenity in this vibrant area. This investment opportunity allows for redevelopment and further value creation, capitalizing on the existing strong tenant and the property's prime location. The property's Walk Score of 94 reflects its convenient access to numerous amenities and attractions. The asking price is $1,760,000, translating to $118.53 per square foot. This historic building offers a unique blend of character and potential, making it an ideal acquisition for a discerning investor seeking a strong return on investment in a thriving Minneapolis neighborhood. The property's mixed-use nature presents multiple avenues for expansion and enhancement, catering to a diverse range of commercial and potentially residential uses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2943
- Latitude
- 44.9589
