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    OFF-MARKET
    Commercial real estate

    212 Ridgewood Ave, Minneapolis, MN 55403

    7,550 SF 2.3 ac lot Built 1923
    Property ID
    US46-0343263
    Property summary
    AI-generated overview

    This exceptional Minneapolis office property at 212 Ridgewood Ave offers a variety of lease options in a prime location. The 7,550 square foot building, constructed in 1923 and classified as Class C, features one building situated on 2.3 acres of land. Currently, 1,500 square feet of space is available, divisible into units ranging from 150 to 1,895 contiguous square feet. The building is zoned UN2 and boasts multiple tenancies. Ideal for various professional uses, the space previously housed therapy/counseling practices and legal offices. Several units offer abundant natural light, and one even includes a four-season porch. Located in the desirable Loring Park/Lowry Hill area, the property provides convenient on-street parking and a large backyard green space for tenant use. All offices are located on the second floor. Leases are gross, inclusive of all utilities except Wi-Fi. This is a fantastic opportunity to secure affordable and well-appointed office space in a vibrant Minneapolis neighborhood. The cross street is Groveland Avenue, and the zip code is 55403.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1923
    Total area 7,550 SF
    Lot 2.3 ac (100,188 SF)
    UPID US46-0343263
    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
    • Fields Emily L Physician Medical Clinic
    • Veronica (Roni) Ahern, M.A. Physician Medical Clinic
    • Brenda Steve MA LP Inc. Physician Medical Clinic
    • Krovitz Debbie B, Licensed Psychologist Physician Medical Clinic
    • Feldman Marlene Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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