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    FOR SALE
    Commercial real estate

    2427 Blaisdell Ave, Minneapolis, MN 55404

    Built 1958
    Property ID
    US46-2486441
    2427 Blaisdell Ave, Minneapolis, MN 55404 For Sale
    $3,000,000
    2427 Blaisdell Ave, Minneapolis, MN 55404
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    Property summary
    AI-generated overview

    This exceptional 30-unit apartment building, located at 2427 Blaisdell Ave in Minneapolis, Minnesota, presents a compelling investment opportunity. The property, built in 1958, is a four-story Class B building situated on an 11,156 square foot lot and zoned 5-5. Currently operating at full occupancy, this financially stable asset offers a strong unit mix, including 24 one-bedroom units, three studios, and three two-bedroom apartments. Its prime location in the Whittier neighborhood provides easy access to Interstate 35W, downtown Minneapolis, and the Minneapolis College of Art and Design (MCAD), contributing to high tenant retention. The building also includes on-site parking. The asking price is $3,570,000, representing $119,000 per unit. This presents a significant opportunity for value enhancement through potential upgrades or rent optimization. The property's strong financial performance and desirable location make it an attractive investment in a thriving Minneapolis community. The building's solid history and current performance make it a low-risk, high-reward investment. Further details are available upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1958
    UPID US46-2486441
    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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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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