Business Overview:
We are proud to present this new listing of a 2-story mixed use building with prime frontage on popular Central Avenue in Northeast Minneapolis. This building has approximately 3,500 square feet of lease space that just came available on the 1st floor. It is currently divided for two tenants. Space 1 is set for office and is offered for lease at $1,500/month. Space 2 is set for retail/convenience and is offered at $2,000/month. The 2nd floor is approximately 3,500 square ftee, consisting of 4 apartments that are currently occupied. Basement is finished, and perfect for office space, storage, etc. 12 space parking lot in the back is included. In 2010, this building grossed $84,000 in rental income. Operating expenses of $22,000 includes real estate taxes and utilities for the apartments. This building is offered for immediate sale at $499,000 as-is. Seller seeks other business venture causing sale. For more information, contact Duane Johnson and Matthew Moon.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Other Interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: