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28931391
28931445

2628 Central Ave NE, Minneapolis, MN 55418

AL
MN 40077597
KW Commercial Maple Grove
Listed by KW Commercial Maple Grove
$2,050,000
465 days on market
Updated 81 days ago

2628 & 2632 Central Ave NE, Minneapolis

Details
APN 1102924140007 & 1102924140006
Property Type Business for Sale
Sub Type Business and Building
Square Footage 11,908
Net Rentable (SqFt) 11,908
Units 4
Cap Rate 10.66%
Tenancy Multi
Lease Type Modified
Price per SqFt $172
Year Built 1946
Buildings 2
Stories 2
Lot Size (SqFt) 16,284
Zoning CM3
Ground Lease No

Profitable Auto Body Collision Shop with Real Estate For Sale in Northeast Minneapolis!

Marketing description

This well-established auto body shop has been a trusted name in the NE Minneapolis community for 43 years. Located in a highly visible location off Central Avenue, this turn-key business presents an incredible opportunity for a new owner. With $2,024,218 in total revenue and real estate included, this is a rare chance to own a thriving operation with multiple revenue streams.

The sale includes two commercial buildings totaling 11,908 SF, featuring an auto body shop with an automotive paint booth, warehouse with four drive-in doors, an office/reception area, break room, and two restrooms. The second building is a mixed use building and includes an office/retail space with a large conference room, multiple private offices, a break room, and with two residential units on the top floor which consist of one 1 bedroom unit and one 3-bedroom unit. Behind the building there is a 1,200 SF warehouse space with a bathroom and drive in door. There are also 15 surface parking spots provide ample parking for both buildings. Inventory, furniture, fixtures, and equipment (FF&E) are all included in the asking price.

Investment highlights

  • Asking Price: $2,050,000

  • Location: Prime location NE Minneapolis, MN

  • Inventory: Included in asking price

  • Real Estate: Owned – Included in asking price

  • Established in 1982- 43 years of experience

  • Employees: 10 Total, 9 Full-time 1 part-time

  • Furniture, Fixtures, & Equipment (FF&E): Included in asking price

  • Growth & Expansion: Turn-key business with strong community presence and high visibility on Central Ave.

  • Support & Training: Negotiable

Building SF & Facilities:

2628 Central Ave NE – 7,560 SF Auto Body Shop

  • Fully equipped auto body shop

  • Automotive paint booth

  • 4 drive-in doors

  • Reception/office area

  • Break room

  • Clear Height 12'

  • 3 phase power

  • New roof

2632 Central Ave NE – 4,348 SF Multi-Use Building

  • 1,500 SF office/retail space featuring a large conference room, multiple private offices, and a break room

  • Two residential units on the second floor (3 bedroom & 1 bedroom)

  • 1,200 SF warehouse space with a bathroom and drive in door

  • 15 surface parking spots

Listing Contacts

AL
MN 40077597
KW Commercial Maple Grove
Listed by KW Commercial Maple Grove

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