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32350638
32350637

1720 Glenwood Avenue, Minneapolis, MN 55405 For Sale

AL
MN 40077597
KW Commercial Maple Grove
Listed by KW Commercial Maple Grove
$875,000
73 days on market
Updated 72 days ago
Opportunity zone

VALUE ADD MIXED-USE MULTI FAMILY & RETAIL BUILDING FOR SALE

Details
APN 2102924310066, 2102924310065
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Restaurant (+1)
Square Footage 15,813
Units 7
Tenancy Multi
Year Built 2000
Buildings 1
Stories 3
Acreage 0.140
Zoning RM1 - Residence Goods & Services
Parking Spaces 7 spaces
Parking per 1,000 SqFt 0.44
Investment Type Value Add
Ground Lease No
Loading Docks 1
Ownership Single

VALUE ADD MIXED-USE MULTI FAMILY AND RETAIL BUILDING FOR SALE

Marketing description

This property presents an opportunity for investors seeking a value add asset with both residential and commercial components. the residential units are naturally occurring affordable housing units with some vacancies, and can be renovated and rented with the potential of a fully stabilized cash flowing asset.

Located along the growing Glenwood Avenue corridor in Minneapolis, this mixed use investment opportunity offers long term upside in the evolving urban Harrison neighborhood adjacent to Bryn Mawr and near downtown Minneapolis. The property consists of 8 residential units, including seven 2-bedroom units and one 3-bedroom unit, along with two main level retail spaces - a restaurant and an open space with an overhead door providing flexibility for a variety of commercial uses.

Commercial spaces include Milda’s Cafe and an additional flexible space known as The Living Room, featuring an open layout, kitchenette, and an overhead drive-in door suitable for a variety of uses.

Additional features include separately metered gas and electric, central heating and air conditioning, shared laundry facilities on each residential level, rear off-street parking, and a lower level basement space with future potential for storage income.

Contact us today for additional information or to schedule a private tour.

Investment highlights

  • 15,813 SF freestanding mixed use building in Minneapolis
  • 8 residential units including seven 2-bedroom units and one 3 bedroom unit
  • Two commercial spaces including Milda's Cafe and an open space with an overhead door.
  • Separately metered gas and electric with central heating and air conditioning
  • Rear parking lot with 7 parking spaces plus street parking
  • Value add opportunity located along the growing Glenwood Avenue corridor in the Harrison Neighborhood adjacent to Bryn Mawr and downtown Minneapolis

Listing Contacts

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

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