$1,400,000
$1,699,000
17.6%For more information regarding the value of a property, please contact us for a free consultation.
718 Central AVE NE Minneapolis, MN 55414
0.28 Acres Lot
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Mill Cos Add To St Anthony Fal
MLS Listing ID 5489052
Sold Date 05/08/20
Year Built 1922
Annual Tax Amount $27,093
Tax Year 2019
Contingent None
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 152 x 60
Property Description
Incredible potential lies within this 3-story brick and timber building in the heart of Northeast! Building previously experienced over $200k in NOI prior to a fire that occurred in August 2019 in one of the tenant suites. The building will be delivered vacant of all tenants at closing for a new buyer to bring their ideas and restore this property to its potential. Elevator and boiler and functioning. Rarely available value-add opportunity. 19 parking spots, 2 parcels included in the sale.
Location
State MN
County Hennepin
Zoning Industrial
Interior
Heating Baseboard, Forced Air
Fireplace No
Exterior
Garage Asphalt, Shared Driveway, More Parking Onsite for Fee
Garage Spaces 19.0
Utilities Available Heating Common
Present Use Commercial, Industrial, Office
Building
Foundation 7733
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Minneapolis
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