3260 Gorham Ave Minneapolis, MN 55426

Property Details for 3260 Gorham Ave

Year built

1962

Lot size

0.72 lot acres

Property size

127,296 SF

Property type

Industrial properties

APN

17-117-21-13-0139

APU

1711721130139

Description

This exceptional 22,400-square-foot industrial warehouse, located at 3260 Gorham Avenue in Minneapolis, Minnesota, presents a compelling investment opportunity. The Class B property sits on a 0.72-acre lot and features a single-story building with three loading docks. Ceiling heights range from 9 to 12 feet, providing ample vertical space for various storage and operational needs. The property is currently configured as a multi-tenant building, offering immediate income potential. A significant portion of the space, approximately 5,500 square feet, is currently available for an owner-occupier, allowing for a strategic combination of investment and operational use. The asking price is $2,576,000, translating to $115 per square foot. The property benefits from a convenient location off Highway 7 and Louisiana Avenue South, ensuring easy access and transportation. Each bay offers dock and/or drive-in access, and the site includes options for valuable outdoor storage. The lease type is NNN (Net, Net, Net), and the property is being offered for sale by owner. This warehouse provides a unique blend of investment potential and operational flexibility, making it an attractive proposition for discerning buyers. The Hennepin County location, with zip code 55426, adds to its desirability.

Location Insight

City

St Louis Park

County

Hennepin

State

Minnesota

Longitude

-93.3701

Latitude

44.9429

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments