221 Cedar Ave, Minneapolis, MN 55454
This exceptional mixed-use property, located at 221 Cedar Ave, Minneapolis, MN 55454, presents a compelling investment opportunity. The Republic at Seven Corners is a Class B, multi-tenant building boasting 10 apartment units (five one-bedroom and five two-bedroom) situated above a vibrant, 10,109 square foot ground-level pub. The property sits on a 0.12-acre lot (APN 25-029-24-23-0075) and is zoned C3A. Built in 1900, the building offers a total gross leasable area exceeding 20,000 square feet. Currently enjoying 100% occupancy, this asset presents a unique chance for a hands-on investor. Eight of the ten apartment units have already undergone renovations, providing a solid foundation for future growth. The property's prime location at Seven Corners, adjacent to the University of Minnesota Law School and Carlson School of Management, ensures strong tenant demand. Cosmetic upgrades to the remaining residential units offer significant potential for rental income increases. This is an ideal acquisition for an investor seeking a value-add opportunity in a high-demand Minneapolis location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.