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Property profile & analytics
FOR SALE
Commercial land
3517 Hennepin Ave, Minneapolis, MN 55408
Individually Owned
Property ID
US46-0009109
For Sale
1 / 3
$700,000
3517 Hennepin Ave, Minneapolis, MN 55408
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Property summary
AI-generated overview
Tremendous opportunity for an owner/occupant to work from this blank slate! High visibility location on Hennepin Avenue!
Property profile
Verified
Property type
Commercial land
Year built
1932
Total area
5,000 SF
UPID
US46-0009109
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sunrise Banks National Association
Sunrise Banks National Association
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Minneapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minneapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Status
For Sale
Year built
1932
Total area
5,000 SF
UPID
US46-0009109
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1932
Current owner
From public records · entity-resolved
Sunrise Banks National Association
Individual
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Sunrise Banks National Association
Chabads Young Professionals Minneap
Deed
related
—
May 17, 2023
—
Chabads Young Professional
Hc2 Investment LLC
Deed
related
—
May 16, 2023
$1,800,000
Chabads Young Professional Minneapo
Hc2 Investment LLC
Deed
—
May 24, 2021
—
Merida S Woods
William B Woods
Deed
related
$368,167 · Kenneth Bressler Etal
May 24, 2021
$1,400,000
Hc2 Investment LLC
Kenneth Bressler
Deed
$1,000,000 · Minnesota Bank & Trust
May 24, 2021
$1,500,000
Kenneth Bressler
William B Woods JR
Warranty Deed
—
May 4, 2021
$1,400,000
Hc2 Investment LLC
Kenneth Bressler
Deed
$1,000,000 · Minnesota Bank & Trust
May 4, 2021
$1,500,000
Kenneth Bressler
William B Woods JR
Warranty Deed
—
May 4, 2021
—
Merida S Woods
William B Woods
Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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