For Sale: Minneapolis MLS# 7011885
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Property Description
All information is deemed reliable but should be verified by buyer and agent. This versatile 4, 220 SF commercial property in the heart of Minneapolis’ Diamond Lake neighborhood offers a unique opportunity for either an investor seeking stable cash flow or an owner-occupant looking to establish a flagship location. Approximately 4, 220 SF across two units, with an additional 3, 000 SF basement for storage or utility. The space boasts 11'+ ceilings, original hardwood floors, and large windows providing abundant natural light from western exposure. The building is equipped with central heating and air conditioning, a 200 AMP electrical system, and separate utilities for each unit. 3 garages and off-street parking, plus ample street parking for customers. Situated in a high-traffic location with "alfresco" sidewalks, making it ideal for retail or dining concepts. Directly across from Todd Park and next to Kowalski's Market, ensuring steady foot traffic and local visibility.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$498,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1940
State:
MN
Property Style:
1 Story
Zip Code:
55417
Neighborhood/Area:
17
Subdivision Name:
Edgewater On Nokomis 2nd Add
Interior
Bedrooms:
0
Bathrooms:
2
Ceiling Height:
11-15
Flooring:
Concrete Slab
Basement Details:
- Block
- Storage Space
Exterior
Stories:
One
Garage Spaces:
3
Garage Door Height:
8
Air Conditioning:
Central Air
Foundation Size:
4,220 ft2
Handicap Accessible:
No Stairs External, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Outdoor Furnace
Parking Features:
Attached Garage
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
- Block
- Frame
Roof Details:
- Age Over 8 Years
- Composition
Lot & Land
Acres:
0.14
Geolocation:
44.901154, -93.262322
Inclusions:
Building, Leases
Lot Dimensions:
50 x 120.6
Zoning:
Business/Commercial
Lot Description:
- Infill Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
- Zero Lot Line
Schools
School District:
558
District Phone:
6126680000
Expenses
Tenant Expenses:
All Utilities, Insurance, Security, Taxes
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$14,111
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,111
Income
Annual Gross Income:
$86,400
Units
Total Units:
2
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Professional Service
- Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Verde Real Estate Group.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.