Home › , Minneapolis, MN 55412 (MLS# 6773663)

, Minneapolis, MN 55412 (MLS# 6773663)

$317,500
Minneapolis, MN 55412
MLS# 6773663
6571 sqft
Minneapolis, MN 55412
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Minneapolis, MN 55412 3501 Penn includes 4 separate storefronts. Minneapolis, MN 55412 Minneapolis, MN 55412 Minneapolis, MN 55412 Minneapolis, MN 55412 Minneapolis, MN 55412 Minneapolis, MN 55412 Minneapolis, MN 55412 3501 Lower Basement Bonus Space w/ Bathroom Minneapolis, MN 55412 Minneapolis, MN 55412 3503 Penn Ave w/ Private Bathroom & Separate Entry Minneapolis, MN 55412 3505 Penn Ave. Mawala African Braids Storefront Minneapolis, MN 55412 Minneapolis, MN 55412 Minneapolis, MN 55412 Minneapolis, MN 55412

Property Description
Northside Ownership Opportunity! This is an excellent opportunity to launch or expand your real estate portfolio with this Northside Land Trust property. Option to purchase through Land trust or as a standard sale. Building currently approximately 75% occupied with active month-to-month leases & established tenants. Middle store front (3503) currently vacant and being updated. Tons of basement storage and additional bonus space/SF. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.

Details
Documents
Contract Information
Status: Active
Current Price: 317500
Contingency: None
ListPrice: 317500
List Date: 2025-08-18
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1922
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Other
Foundation Size: 3310
For Sale or Lease: For Sale
Acres: 0.18
Lot Dimensions: 60x129
Assessment Pending: No
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55412
Complex/Dev/Subdivision: Utopia
Assessments
Tax With Assessments: 7777
Building Information
Building Finished SqFt: 6571
Building SqFt: 6571
Income and Expenses
Annual Net Income: 42000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 08
Township#: 29
Sale Options
Sale Includes: Building, Land
Unit Details
Total Units: 4
Property Features
Accessible: None
Air Conditioning: Central Air
Basement: Partially Finished
CMU Style: Freestanding
Construction Status: Previously Owned
Current Use: Beauty/Barber Shop; Business Service; Food Service; Office
Exterior: Brick/Stone
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air; Hot Water
Loan Terms: Cash; Conventional; Other
Location Description: Free Standing
Lot Description: Corner Lot
On Site Utilities: Electric Separate; Hot Water Separate
Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; Management; Taxes
Parking Characteristics: Gravel Lot
Potential Use: Grocery; Office; Other; Professional; Retail; Shop
Sewer: City Sewer - In Street
Stories: One
Tenant Pays: Electricity
Water: City Water - In Street; City Water/Connected

Listing Office: Assembly MN LLC

Last Updated: July - 06 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Tuesday 7th of July 2026 11:15 PM

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