241 Fremont Avenue N, Minneapolis, MN 55405 (MLS# 6478315)
$3,500,000
Minneapolis, MN 55405
MLS# 6478315
Status: Closed
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Property Description
Rare opportunity for a multi-tenant industrial asset in the heart of the Harrison neighborhood in Minneapolis. Located in a qualified opportunity zone, this building has in-place income from an existing 10,000 SF tenant. Owner/occupy or lease out the 15,000 SF vacancy on the southern end of the building, that was most recently a distillery. Over $1m in improvements made in 2017-2018 including new roof, HVAC, sprinklers and substantial interior improvements.
Details
Maps
Contract Information
Digitally Altered Photos: No
Status: Closed
Off Market Date: 2024-07-08
Current Price: 2950000
Closed Date: 2024-07-10
Sales Close Price: 2950000
Contingency: None
ListPrice: 3500000
List Date: 2024-01-17
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 16
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Industrial
Foundation Size: 25000
For Sale or Lease: For Sale
Acres: 1.26
Lot Dimensions: 345 x 170
Location Tax and Other Information
House Number: 241
Street Name: Fremont
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Croffuts Add
Assessments
Tax With Assessments: 60360
Building Information
Building Finished SqFt: 25000
Building SqFt: 25000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 21
Township#: 29
Sale Options
Sale Includes: Building
Unit Details
Total Units: 2
Property Features
Accessible: Fully Wheelchair
CMU Style: Industrial
Construction Status: Previously Owned
Current Use: Commercial; Food Service; Manufacturing
Exterior: Block
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Forced Air
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Parking Lot
Potential Use: Income; Industrial; Lounge/Bar; Office; Professional; Rest/Lounge; Restaurant; Retail; Wholesale
Rental License Type: Standard
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Gold Group Realty, LLC
Last Updated: June - 08 - 2025
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