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Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Eustis & Stonemans Add
MLS Listing ID 5470208
Sold Date 07/23/20
Year Built 1928
Annual Tax Amount $21,904
Tax Year 2019
Contingent None
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 209 x 105
Property Description
Demand Lake Street location. Over half acre and 2/3 of a block on Lake Street. Family owned building for over 37 years. Property has been the home for a well established auto parts store for 25 years. Fantastic development opportunity! Building is over 7,500 square feet above ground with ceiling heights from 18 to 30 feet. Another 4,000 square feet in basement with 10 ft ceilings that offer great storage, inventory or work space. Back addition has more storage, separate heat and overhead door to secured/fenced parking area. Off street parking lot included with space for estimated 25 cars. Solid building with tons of potential for new opportunities. Hot redevelopment area with many new retail main level and upper level condos being built.
Current tenant NNN lease through February 2021.
Sellers and current operating business asks that proof of qualification to purchase be provided prior to showings. Multiple offers due by 5pm Tuesday Feb 11 2020
Location
State MN
County Hennepin
Zoning Business/Commercial
Rooms
Basement Block, Partial
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Paved, Secured, Open
Utilities Available Heating Separate
Roof Type Tar/Gravel
Present Use Automotive,Professional/Office,Commercial,Industrial,Retail,Warehouse,Wholesale
Building
Lot Description Public Transit (w/in 6 blks)
Foundation 6924
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Block,Stucco
Schools
School District Minneapolis
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