Financial
Distress signals
Property profile

3338 University Ave SE Minneapolis, MN 55414

FOR SALE
Other commercial real estate
Property ID
US46-0661682
44,606 SF 0.63 ac lot Built 1919
Last sale Mar 2017 · $515
Entity Owned Owner of record is a legal entity (LLC / corporation). 24-yr Hold Held for 24 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a creative arts building constructed with brick and concrete materials. It is configured with two primary levels: a top-floor unit described as a glass-enclosed space with ceiling heights exceeding 30 feet, providing a large, open interior area suitable for a range of uses, and a first-floor level that includes a loading dock and a large overhead door for access and deliveries. The building also contains a previously used cafe space that includes a commercial kitchen setup with a hood and a designated dishwashing area.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$89k
Tax billed · 2023
Assessed value$2.94M
Assessed land$964k
Assessed improvement$1.98M
Effective rate3.04%

Value estimate

· Sep 2026
$3.40M
$3.06M – $3.74M
Sales comparison$4.02M
NOI build-up
Gross scheduled income$898k
Vacancy & credit loss−$181k
Operating expenses−$179k
NOI · 23.36% cap applied$537k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$208/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$90 – $332
Qualifying comparables5

Cap rate analysis

How does the asset earn?
23.36%
$537k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon10.7
Spa & Massage10.1
Skin Care Clinic9.9

Location

3338 University Ave SE Minneapolis, MN 55414
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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