Property Description Many improvements and updates (new roof, new awnings, exterior paint, HVAC, concrete work, sewer line replacement / re-lining and interior cosmetic work etc) to this wonderful South Minneapolis neighborhood property have been completed. No vacancies and leases with term. This property is located on the hard corner of 35th and Bloomington Ave, directly across the street from Mayday Cafe, the Reverie Cafe, and Bar, and just a few blocks from Cedar Av. Property includes Building with 5 commercial tenants and apartment, Sam's market building and 4 garage's. Agent to verify all measurements including property information with a survey and or county records. Do not contact or disturb businesses in the building. No showings without the listing agent or owner present. Owner is a licensed real estate agent. Please see supplements for further information.
Details
Maps
Contract Information
Availability: Available
Status: Closed
Off Market Date: 2022-09-15
Current Price: 1600000
Closed Date: 2022-10-25
Sales Close Price: 1600000
Contingency: None
ListPrice: 1750000
List Date: 2022-06-09
Owner is an Agent?: Yes
General Property Information
Living Area Units: Square Feet
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 5
Owner Occupied: No
Year Built: 1921
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 5506
Garage Stalls: 4
For Sale or Lease: For Sale
Acres: 0.11
Lot Dimensions: 112x119
Location Tax and Other Information
House Number: 3449
Street Name: Bloomington
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Girard Invest Co 01st Add
Additional Parcels Information
Property ID #2: 202824410048
Property ID #3: 202824410047
Building Information
Building Finished SqFt: 8066
Income and Expenses
Annual Fuel Expense: 664
Annual Gross Expenses: 53634
Annual Gross Income: 168407
Annual Insurance Expense: 5076
Annual Net Income: 114733
Annual Trash Expense: 1965
Annual Water/Sewer Expense: 1920
Lease Details
Land Leased: Not Applicable
Lease Amount Type: Yearly
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 02
Township#: 28
Sale Options
Sale Includes: Building, Leases
Unit 3
No. of 3 Bedroom Units: 1
Unit Details
Total Units: 11
Property Features
Accessible: None
Air Conditioning: Central Air; Ductless
CMU Style: Apartments and Retail
Construction Status: Previously Owned
Current Use: Commercial
Exterior: Metal; Stucco; Wood
Financing Terms: Conventional
Fuel: Electric; Natural Gas
Heating: Forced Air
Lease Details: Gross
Loan Terms: Cash; Conventional
Lock Box Type: None
On Site Utilities: Electric Separate
Parking Characteristics: Paved Lot; Other
Rental License Type: Standard
Sewer: City Sewer/Connected
Tenant Pays: Broadband; Electricity; Fuel; Maintenance/Repair; Trash Collection; Water; Other