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    1934 Hennepin Ave Minneapolis, MN 55403

    • Commercial real estate
    • 21,697 SF
    • 0.24 lot acres
    For Sale
    View listing
    $3,850,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-3224478
    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

    • Craftmade Aprons at Lowry Hill Meats / Restaurant Supply Store
    • PrairieCare Institute / Event Venue
    • John Luehr / Psychiatrist
    • Dr. Stephen Setterberg / Psychiatrist
    • Stillpoint Engage / Non-Profit Organization

    Property Details for 1934 Hennepin Ave

    Year built
    1913
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Property size
    21,697 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    28-029-24-44-0545
    APU
    2802924440545

    Description

    The Burch Building, located at 1934 Hennepin Ave, Minneapolis, MN 55403, presents a unique investment opportunity. This Class A, mixed-use property boasts 26,758 square feet across a single building on approximately 0.34 acres. The building, renovated in 2013, offers a blend of creative office, restaurant, and storefront spaces, making it ideal for a diverse tenant mix. The property's multi-tenancy structure provides a stable income stream. The asking price is $3,850,000, translating to $143.88 per square foot. The property includes 15 parking spaces, adding significant value for tenants and visitors. Its location in Minneapolis, Hennepin County, provides excellent access to the city's vibrant cultural scene and robust business environment. Additional income streams are generated from a nearby parking lot and billboard. This value-add investment presents a compelling opportunity for discerning buyers seeking a high-return property in a prime Minneapolis location. The property's versatile space and strong location make it an attractive investment for both short-term and long-term growth. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving urban market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2915
    Latitude
    44.963
    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
    $126,647
    $520,400
    $3,502,600
    $4,023,000
    -
    $520,400
    $3,502,600
    $4,023,000

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    Minneapolis, MN 55403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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