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Property profile & analytics
FOR SALE
Office Units

3101 Irving Ave S Minneapolis, MN 55408

4,033 SF
Entity Owned 5-yr Hold
Property ID
US46-0151731
Property summary
AI-generated overview

The main level offers 1,365 square feet, providing four offices, a reception area/bullpen, a kitchenette, and a bathroom. Additionally, there is 1,400 square feet of dry basement storage space, perfect for extra inventory or supplies. The property is located just two blocks from Lake Bde Maka Ska. The upper level Apartment features a two-bedroom apartment with 1,300 square feet of living space, complemented by an approximately 600-square-foot deck. Residents can enjoy a wonderful view from the deck. The property boasts excellent visibility on Irving and 31st Street, with corner-facing signage. The heated garage accommodates two large utility vans, and the lot provides parking for up to eight vehicles. Garage currently rented out @200/MO. Located on a bus line, this property is an ideal choice for small businesses such as attorney, therapy, accountant, mortgage, insurance, construction, or cleaning companies. Businesses can benefit from income generated by the apartment or utilize the space for live/work purposes. Stated Property Tax includes both PID#'s.

Property profile
Verified
Property type Office Units
Total area 4,033 SF
UPID US46-0151731
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
Current use
Occupant on record · Public records
  • Essential Care Centers Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jade Group LLC · 5 yrs held
Jade Group LLC
since 2021
1 recorded transaction
2021
$549,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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