Property profile

3513 Hennepin Ave Minneapolis, MN 55408

OFF-MARKET
Apartment buildings
Property ID
US46-0710937
6,534 SF 0.12 ac lot Built 1926
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Property summary

AI-generated overview

This exceptional low-rise commercial property, located at 3513 Hennepin Avenue in Minneapolis, Minnesota, presents a compelling investment opportunity. Boasting a substantial 6,534 square feet of space, this building sits on a conveniently sized 0.12-acre lot, offering ample room for potential expansion or outdoor use. The property's prime location on Hennepin Avenue provides excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The asking price is $1,000,000, representing a significant value proposition in the thriving Minneapolis market. The building's existing structure offers a solid foundation for immediate occupancy or a comprehensive renovation project, allowing for customization to suit specific business needs. Given its size and location, this property is well-suited for a range of uses, from retail and office spaces to restaurants and other commercial establishments. The 0.12-acre lot provides potential for outdoor seating, parking, or landscaping, enhancing the overall appeal and functionality of the property. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity in a dynamic and growing urban center. Detailed property information and specifications are available upon request. This is a rare chance to acquire a significant commercial property in a highly desirable Minneapolis location.

Property profile

Verified
Property type Apartment buildings
Year built 1926
Total area 6,534 SF
Lot 0.12 ac (5,227 SF)
UPID US46-0710937

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex

Location

3513 Hennepin Ave Minneapolis, MN 55408
Minneapolis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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