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Property profile & analytics
FOR SALE
Auto shops

2628-2634 Central Avenue NE Minneapolis, MN 55418

11,908 SF
Property ID
US46-Q015070
Property summary
AI-generated overview

This well-established auto body shop has been a trusted name in the NE Minneapolis community for 43 years. Located in a highly visible location off Central Avenue, this turn-key business presents an incredible opportunity for a new owner. With $2,024,218 in total revenue and real estate included, this is a rare chance to own a thriving operation with multiple revenue streams. The sale includes two commercial buildings totaling 11,908 SF, featuring an auto body shop with an automotive paint booth, warehouse with four drive-in doors, an office/reception area, break room, and two restrooms. The second building is a mixed use building and includes an office/retail space with a large conference room, multiple private offices, a break room, and with two residential units on the top floor which consist of one 1 bedroom unit and one 3-bedroom unit. Behind the building there is a 1,200 SF warehouse space with a bathroom and drive in door. There are also 15 surface parking spots provide ample parking for both buildings. Inventory, furniture, fixtures, and equipment (FF&E) are all included in the asking price. - Asking Price: $2,050,000 - Location: Prime location NE Minneapolis, MN - Inventory: Included in asking price - Real Estate: Owned – Included in asking price - Established in 1982- 43 years of experience - Building SF & Facilities: 2628 Central Ave NE – 7,560 SF Auto Body Shop - Fully equipped auto body shop - Automotive paint booth - 4 drive-in doors - Reception/office area - Break room - Clear Height 12' - 3 phase power - 2632 Central Ave NE – 4,348 SF Multi-Use Building - 1,500 SF office/retail space featuring a large conference room, multiple private offices, and a break room - Two residential units on the second floor (3 bedroom & 1 bedroom) - 1,200 SF warehouse space with a bathroom and drive in door - 15 surface parking spots - Employees: 10 Total, 9 Full-time 1 part-time - Furniture, Fixtures, & Equipment (FF&E): Included in asking price - Growth & Expansion: Turn-key business with strong community presence and high visibility on Central Ave. - Support & Training: Negotiable

Property profile
Verified
Property type Auto shops
Total area 11,908 SF
UPID US46-Q015070
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
AI Approach AI
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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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