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Property profile & analytics
FOR SALE
Commercial real estate

1934 Hennepin Ave Minneapolis, MN 55403

21,697 SF 0.24 ac lot Built 1913
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US46-3224478
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1913
Construction CONCRETE
Total area 21,697 SF
Lot 0.24 ac (10,454 SF)
Zoning code C1
APN 28-029-24-44-0545
UPID US46-3224478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Craftmade Aprons at Lowry Hill Meats Big Box & Wholesale Store
  • PrairieCare Institute Hotel & Motel Resort
  • John Luehr Physician
  • Dr. Stephen Setterberg Physician
  • Stillpoint Engage Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.77M
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$2.79M
Owner & transaction history
Burch Investors LLC · 14 yrs held
Burch Investors LLC
since 2012
6 recorded transactions
2012
$1.9M
2006
$2.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C1 · Minneapolis, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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