$2,950,000
Minneapolis, MN 55405
MLS# 6478315
Status: Closed
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Property Description
Rare opportunity for a multi-tenant industrial asset in the heart of the Harrison neighborhood in Minneapolis. Located in a qualified opportunity zone, this building has in-place income from an existing 10,000 SF tenant. Owner/occupy or lease out the 15,000 SF vacancy on the southern end of the building, that was most recently a distillery. Over $1m in improvements made in 2017-2018 including new roof, HVAC, sprinklers and substantial interior improvements.
Details
Maps
Contract Information
Digitally Altered Photos: No
Owner is an Agent?: Yes
Auction?: No
Status: Closed
Off Market Date: 2024-07-08
Current Price: $2,950,000
Closed Date: 2024-07-10
Sales Close Price: 2950000
Contingency: None
ListPrice: 3500000
List Date: 2024-01-17
Office/Member Info
Association: MAAR
MLSID: RMLS
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 16
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Industrial
Lot Dimensions: 345 x 170
Acres: 1.26
Foundation Size: 25000
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
Rental License?: Yes
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1934
Property ID Number: 2102924430126
Tax Year: 2023
Tax Amount: 60360
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Rare opportunity for a multi-tenant industrial asset in the heart of the Harrison neighborhood in Minneapolis. Located in a qualified opportunity zone, this building has in-place income from an existing 10,000 SF tenant. Owner/occupy or lease out the 15,000 SF vacancy on the southern end of the building, that was most recently a distillery. Over $1m in improvements made in 2017-2018 including new roof, HVAC, sprinklers and substantial interior improvements.
Directions: Take 394 east, head north on van white boulevard, building is on the left before Glenwood Ave
Accessible
Fully Wheelchair: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 60360
Building Information
Building Finished SqFt: 25000
Building SqFt: 25000
Construction Status
Previously Owned: 1
Exterior
Block: 1
Financing Terms
Conventional: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Public Survey Info
Range#: 24
Section#: 21
Township#: 29
Rental License Type
Standard: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Unit Details
Total Units: 2
Water
City Water/Connected: 1
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Separate: 1
CMU Style
Industrial: 1
Current Use
Commercial: 1
Food Service: 1
Manufacturing: 1
Potential Use
Income: 1
Industrial: 1
Lounge/Bar: 1
Office: 1
Professional: 1
Rest/Lounge: 1
Restaurant: 1
Retail: 1
Wholesale: 1
Location Tax and Other Information
House Number: 241
Street Name: Fremont
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Croffuts Add
Property Features
Accessible: Fully Wheelchair
CMU Style: Industrial
Construction Status: Previously Owned
Current Use: Commercial; Food Service; Manufacturing
Exterior: Block
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Forced Air
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Parking Lot
Potential Use: Income; Industrial; Lounge/Bar; Office; Professional; Rest/Lounge; Restaurant; Retail; Wholesale
Rental License Type: Standard
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Gold Group Realty, LLC
Last Updated: June - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.