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    Property profile & analytics
    OFF-MARKET Estimated value $525,000
    Industrial land

    901 2nd St, Minneapolis, MN 55401-1009

    1.07 ac lot
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US46-1933113
    Property summary
    AI-generated overview

    This exceptional 7,821-square-foot medical office building, constructed in 2008, presents a compelling net lease investment opportunity. Located at 901 S 2nd St, Minneapolis, MN 55415, in Hennepin County, this single-tenant property boasts 100% occupancy with a corporate guarantee. The property is a medical condo situated on the ground level of the Zenith Condominium building. The tenant is University of Minnesota Physicians, a highly reputable and financially stable organization committed to academic medicine and serving patients across Minnesota. The property features a NNN lease structure, minimizing landlord responsibilities and providing predictable cash flow. The building's prime location in Minneapolis offers excellent visibility and accessibility. This investment is part of a larger portfolio of medical-retail properties, available for individual or portfolio acquisition. The property's strong tenant, stable lease terms, and desirable location make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The Asset Property Number (APN) is 23-029-24-43-0212.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 1.07 ac (46,609 SF)
    Zoning code B4N
    APN 22-029-24-21-0433
    UPID US46-1933113
    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
    • Janine Pingel, MD Pediatrician Medical Clinic
    • Jon Hallberg, MD Pediatrician Physician
    • Shawn Ullrich Counselor Social Worker
    • Megan Keuler Pediatrician Physician
    • Shawn Whelan, RN, MS, CNP Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $525k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $525k
    Owner & transaction history
    Star Tribune Media Co LLC
    Star Tribune Media Co LLC
    1 recorded transaction
    1969
    Zoning & alternative use
    B4N · Minneapolis, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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