2748 Hennepin Ave Minneapolis, MN 55408-1001

Property Details for 2748 Hennepin Ave

Year built

1927

Construction

CONCRETE

Lot size

0.19 lot acres

Property size

6,008 SF

Zone code

C1

Property type

Commercial real estate

APN

33-029-24-31-0005

APU

3302924310005

Description

This exceptional 12,378 sq ft, single-story retail building in Minneapolis, MN, presents a unique owner-user opportunity. Located at 2748 Hennepin Ave., this landmark brick structure boasts four separately metered units, each with its own HVAC system. Currently housing a mix of established tenants including a bakery, real estate office, art gallery, and a multi-vendor retail space, the property offers diverse income streams. The building features beautiful terrazzo floors throughout, and the lower level provides additional space for each tenant. The Isles Buns & Coffee unit includes a fully equipped kitchen with walk-in coolers and freezers. Lakes Area Realty occupies approximately 2,100 square feet with a lower-level conference room and kitchenette. The building also benefits from additional income generated by rooftop signage. Built in 1927 and renovated 10 years ago, this Class B property sits on a 0.19-acre lot and is zoned for commercial use. The asking price is $1,960,000 ($158.35/sq ft). This is a rare opportunity to acquire a well-established, multi-tenant retail property in a prime Minneapolis location. The property is offered as a modified lease with multi-tenancy.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Longitude

-93.2987

Latitude

44.9522

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments