2907 Hennepin AveMinneapolis, MN 55408

Property Details for 2907 Hennepin Ave

Year built

1925

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

19,215 SF

Zone code

C3A

Property type

Other commercial real estate

APN

33-029-24-43-0084

APU

3302924430084

Description

This exceptional three-story, 27,010-square-foot commercial building, constructed in 1925, presents a unique investment opportunity in Minneapolis' vibrant Uptown neighborhood. The property, situated on a 0.19-acre lot (APN 33-029-24-43-0084), offers multiple tenancy options, with three available spaces ranging from 5,545 to 7,385 square feet, ideal for retail or office use. Its prime location on Hennepin Avenue provides unparalleled access to the area's bustling amenities, including numerous restaurants and retail establishments. The Midtown Greenway is just a block away, offering convenient bicycle commuting, and the Metro Transit hub is nearby for easy public transportation access. The building benefits from excellent highway connectivity, with I-35W, I-394, I-94, and MN-100 easily accessible. Its proximity to Bde Maka Ska and Lake of the Isles adds to its appeal. The Uptown neighborhood boasts a diverse population (37,211) with a high average household income ($105,573) and a median age of 32, creating a strong market for both retail and office tenants. This property represents a rare chance to acquire a well-positioned asset in a thriving and desirable location. The building's traditional office subtype and its location within the Hennepin Avenue Corridor and near the Lyn-Lake hotspot offer significant potential for growth and return on investment.

• Alternative Use

  Use

  Valuation

  Residential

  $6,591,266

  Hospitality

  $6,037,564

  Educational

  $5,023,182

  Medical

  $5,195,937

  Retail

  $7,813,839

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

44.9496

Longitude

-93.2979

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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