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Property profile & analytics

1113 Broadway Ave Minneapolis, MN 55411

  • Commercial real estate
  • 6,677 SF
  • 0.15 lot acres
Value Estimation
Last Sale
Mar 20, 2025
$230,000
Location Intelligence
Property ID
US46-1086724
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1113 Broadway Ave

Year built
1909
Construction
CONCRETE
Lot size
0.15 lot acres
Property size
6,677 SF
Zone code
C1
Property type
Commercial real estate
APN
16-029-24-13-0094
APU
1602924130094

Description

This exceptional 9,157 square foot commercial property located at 1113 W Broadway Avenue in Minneapolis, Minnesota, presents a unique investment opportunity. Situated on a 0.15-acre lot, this building offers significant potential for redevelopment or adaptive reuse. The property has been vacant for over 20 years and requires renovation, but its substantial size and layout offer considerable flexibility. The main level features four sizable classrooms, ideally suited for conversion into various commercial spaces, along with two multi-stall bathrooms. Upstairs, seven existing office spaces provide a solid foundation for a variety of uses. A full kitchen and two additional bathrooms are also located on the upper level, adding to the property's versatility. Multiple storage areas are available throughout the building, providing ample space for inventory or equipment. Convenient off-street parking is located at the rear of the building, a valuable asset in a bustling urban environment. The asking price for this property is $325,000. This represents a compelling opportunity to acquire a large, well-located commercial building with significant upside potential in a thriving Minneapolis neighborhood. The property's history as a high school provides a unique character and a solid structural base for future development. Serious inquiries are encouraged.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $190,000
  • CAP approach

    CAP return
    Estimation
    6%
    $240,000
    6.5%
    $205,000
    7%
    $230,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $195,000
    Geo Method
    $215,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $255,000
    Retail
    $220,000
    Mixed-Use
    $210,000
    Hospitality
    $190,000
    Educational
    $240,000
    Residential Income
    $195,000
    Energy
    $205,000
    Income-Based Land
    $240,000
    Food Service
    $220,000

Location Insight

  • Map
  • Local Demand
City
Minneapolis
County
Hennepin
State
Minnesota
Longitude
-93.2948
Latitude
44.9989
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,833
$46,200
$464,200
$510,400
-
$46,200
$464,200
$510,400
More about this property
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