Sold: Minneapolis MLS# 6771570
Sold
$485,000 (list price)
$485,000
Commercial: 1 Story
Built 1947
0.13 acres
Minneapolis schools
MLS# 6771570
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Property Description
Unlock the potential of this versatile 4-unit mixed-use property with office/warehouse and garage spaces, located on a high-visibility corridor.
This single-level, 3, 500+ sq ft building is fully leased and generating steady income across four distinct units plus a leased garage. Currently operated with two front-facing commercial units, two rear warehouse/storage units, and a leased garage, this property offers flexibility and cash flow. Additionally, there are 4 lower-level workspaces/storage with a restroom that can be leased in addition.
?? Key Highlights:
* Total of 4 leased units + leased garage
* All tenants are month-to-month, offering flexibility for future plans
* Ideal for owner-users looking to occupy one unit and lease the rest
* Perfect for investors seeking stable income with upside potential
* Located in a well-trafficked, transit-friendly corridor in South Minneapolis
* Opportunity to lease additional space in the level office space.
* Zoned C1 – allowing for a wide range of uses
Whether you're looking to expand your investment portfolio or operate your business on-site while collecting passive income, this property checks all the boxes. Turn-key, income-generating, and positioned in a growing commercial hub — opportunities like this are rare.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$485,000
Sold Price:
$485,000
Sold Date:
01/13/2026
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1947
State:
MN
Property Style:
1 Story
Zip Code:
55406
Neighborhood/Area:
34
Subdivision Name:
Christophers Add
Interior
Bedrooms:
0
Bathrooms:
0
Basement Details:
Partially Finished
Exterior
Stories:
One
Garage Spaces:
3
Foundation Size:
1,864 ft2
Handicap Accessible:
Fully Wheelchair, Raised Outlets
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Detached Garage
- Gravel
- Paved Lot
Lot & Land
Acres:
0.13
Geolocation:
44.931267, -93.222353
Inclusions:
Leases
Lot Dimensions:
37 x 150
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Electric Expense:
$1,100
Annual Fuel Expense:
$2,522
Annual Insurance Expense:
$1,946
Annual Water/Sewer Expense:
$1,400
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$14,470
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$15,547
Income
Annual Gross Income:
$48,826
Rent
Annual Net Income:
$26,312
Units
Total Units:
4
Miscellaneous
Current Use:
- Office
- Other
- Professional Service
- Professional/Office
- Warehouse
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
Water System:
City Water/Connected
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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,
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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.