2200 Hennepin Ave Minneapolis, MN 55405

This exceptional mixed-use property in Minneapolis' coveted Lowry Hill neighborhood presents a compelling investment opportunity. The 11,070 square foot building, constructed in 1912 and situated on a 0.25-acre lot at 2200 Hennepin Ave, boasts a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $153,319 and a 6.52% cap rate. The property features a diverse tenant mix, including eight multi-family apartment units, Specs Optical (a tenant for 26 years), and Tao Organic Cafe + Herbery (a tenant for over 50 years). Each apartment unit offers one bedroom, one bathroom, 9-foot ceilings, hardwood and tile floors, 6-foot windows, and claw-foot bathtubs. The building's prime location, just minutes from Downtown Minneapolis, benefits from high traffic counts (162,177 vehicles daily on nearby I-94) and proximity to numerous amenities, including the Walker Art Center and Sculpture Garden. Strong demographics further enhance the investment potential, with a 5-mile average household income of $120,720 and a 5-mile population of 503,894. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving Minneapolis neighborhood. The asking price is $2,350,000. This is a net lease investment.