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    OFF-MARKET
    Commercial real estate

    221 Cedar Ave, Minneapolis, MN 55454

    0.12 ac lot Built 1900
    Property ID
    US46-0887293
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1900
    Lot 0.12 ac (5,227 SF)
    APN 25-029-24-23-0075
    UPID US46-0887293
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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