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3116 Emerson Avenue N

Minneapolis, MN 55411
  • $500,000
  • STATUS: Active
  • ON SITE: 67 Days
  • ID#: 6183877
UPDATED: 172 min ago
$500,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,167
    SQFT
  • $70
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1907
County:
Area:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Re/Max Results.

Description

Great opportunity to own a fully leased 6-unit mixed-use commercial/apartment building with 8.5% cap. It has 10 open parking spaces on the back of the building. The 4-unit apartment tenants have yearly leases. The salon tenant's lease expires on 12/31/2026. The church tenant has a lease to 8/31/2024.

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IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pietig Properties Group | RE/MAX Advantage Plus are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pietig Properties Group | RE/MAX Advantage Plus is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pietig Properties Group | RE/MAX Advantage Plus, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-06-30T00:27:51.333.

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3116 Emerson Avenue N Minneapolis, MN 55411

  • Price: $500,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 172 min ago
  • ID#: 6183877
0
Beds
0
Baths
0
½ Baths
0.15
Acres
7,167
SQFT
$70
$/SQFT
1907
Built
Neighborhood:
Silver Lake Add
County:
Hennepin
Area:
Hawthorne
School District:
1 - Minneapolis
Property Description
Great opportunity to own a fully leased 6-unit mixed-use commercial/apartment building with 8.5% cap. It has 10 open parking spaces on the back of the building. The 4-unit apartment tenants have yearly leases. The salon tenant's lease expires on 12/31/2026. The church tenant has a lease to 8/31/2024.
Exterior Features

Construction Materials Brick/Stone Foundation Area 2553 Lot Size Dimensions 52X127 Parking Features Open Parking Open 0 Waterfront YN No

Interior Features

Heating Hot Water

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending Unknown Contingency None Current Use ChurchOfficeResidentialBeauty/Barber Shop Foreclosure Status No Fuel Natural Gas Inclusions LeasesLandBuildingInventory Land Lease Amount 0 Lender Owned No Postal City Minneapolis Potential Short Sale No Property Sub Type Mixed Use Rental License YN No Sewer City Sewer/Connected Tax Annual Amount 5626 Tax With Assessments 5626.01 Tax Year 2022 Unit Type Efficiencies1 Bedroom2 Bedroom3 BedroomOne RoomTwo RoomThree RoomFour RoomFive RoomSix RoomSeven Room Utilities Electric Separate Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Re/Max Results. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pietig Properties Group | RE/MAX Advantage Plus are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pietig Properties Group | RE/MAX Advantage Plus is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pietig Properties Group | RE/MAX Advantage Plus, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-06-30T00:27:51.333.

Click here for Digital Millennium Copyright Act
 
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The Pietig Properties Group | RE/MAX Advantage Plus
270 Elm Street E.
Annandale MN, 55302
NorthstarMLS] logo Listing courtesy of Re/Max Results.