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1100 2nd St Minneapolis, MN 55415-1251

OFF-MARKET Commercial real estate Google Maps
5,137 SF 0.22 ac lot Built 2012
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$345k
Range $311k – $380k (±10%)
Property ID US46-1950011

Property summary

AI-generated overview

This architecturally significant, single-tenant building offers 5,137 square feet of mixed-use retail and food production space. Located in Minneapolis' vibrant Downtown East neighborhood, bordering the Mill District and adjacent to Gold Medal Park, this property boasts a prime location. Built in 2012, the one-story structure features a charming second-floor area above the retail space. The building includes a concrete drive for convenient delivery and pick-up, along with ample street parking. Clerestory windows provide abundant natural light throughout. The flexible I-1, Light Industrial zoning allows for a variety of uses, making this a versatile investment opportunity. Situated on a 0.22-acre lot at 1100 S 2nd St, Minneapolis, MN 55415, this property presents a unique blend of character and functionality in a high-demand area. Its proximity to the Mill District and Gold Medal Park offers excellent visibility and accessibility. The building's design and location make it an ideal space for a variety of businesses seeking a distinctive presence in a thriving urban setting. The ample parking and convenient loading area further enhance its appeal to potential tenants. This is a rare opportunity to acquire a well-maintained, strategically located property with significant potential for growth and return on investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2012
Construction STEEL FRAME
Total area 5,137 SF
Lot 0.22 ac (9,692 SF)
Zoning code I1
APN 26-029-24-11-0113
UPID US46-1950011

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2021
Last sale
$367,076
5 recorded transactions
2021
$367,076
2020
$1.4M
2020
$700,000
2019
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Minneapolis, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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