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    FOR SALE
    Commercial real estate

    418 N 3Rd Ave, Minneapolis, MN 55401

    11,648 SF 0.08 ac lot Built 1884
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US46-1074573
    Property summary
    AI-generated overview

    This impeccably restored mixed-use property at 418 3rd Avenue N, Minneapolis, MN, offers 15,182 square feet on a 0.08-acre lot. Priced at $3,800,000, this brick building presents a unique investment opportunity in the vibrant North Loop neighborhood. Its prime location places it within easy walking distance of major sporting venues, including the Twins and Wolves games, and the area's best restaurants and retail establishments. The building's versatility allows for a variety of uses, catering to multiple tenants or a single owner. The top floor is currently configured as a luxurious owner's apartment, complete with rooftop access, offering stunning city views. This space could easily be adapted to suit a variety of needs. The building's exceptional condition and desirable location make it an ideal investment for those seeking a high-return property in a thriving urban environment. The potential for both residential and commercial tenants provides significant flexibility and income potential. This is a rare opportunity to acquire a fully restored, mixed-use property in one of Minneapolis' most sought-after neighborhoods. The building's strong structural integrity and modern amenities combine to create a truly exceptional offering. The possibilities are endless, from creating a high-end urban residence to developing a thriving multi-tenant commercial space. Don't miss this chance to own a piece of Minneapolis' vibrant North Loop.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1884
    Construction BRICK
    Total area 11,648 SF
    Lot 0.08 ac (3,485 SF)
    Zoning code B4S-2
    APN 22-029-24-42-0043
    UPID US46-1074573
    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
    • Pyramid Night Club Nightclub DJ & Entertainment
    • Pyrmd Nightclub Bar & Pub
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.04M
    Blend (final) Blend
    $1.32M
    Owner & transaction history
    418 Third LLC · 7 yrs held
    418 Third LLC
    since 2019
    2 recorded transactions
    2019
    $850,000
    2010
    $500
    Zoning & alternative use
    B4S-2 · Minneapolis, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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