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2450 Park Ave 7,000 SF Office Building Minneapolis, MN 55404 $2,637,597 CAD ($376.80 CAD/SF)

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INVESTMENT HIGHLIGHTS

Well Maintained Building
Great Opportunity

Great Location

EXECUTIVE SUMMARY

Martin de Porres Hall Is 7,000 square feet of prime space located at 2450 Park Ave. in South Minneapolis. This classic one-story building includes a full basement. The 1970s built property sits on .55 acres and has 20+ parking spaces. Additionally, the solar panels on the roof reduce significantly the annual operating costs of the property. The building contains 6 large classrooms, 12 offices, and a lounge, and most importantly it is move-in ready. Last renovated in 2008, the building is well maintained and is in great shape. The building is ready today to become a school (early education, elementary, middle, or high school). Potential other uses include office, childcare, or a senior care center. Combined with 2440 Park Avenue located next door, a redevelopment could include multifamily residences or conversion to medical use. The property is zoned for commercial RM 3 and is ADA compliant.

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Building Size

7,000 SF

Building Class

Year Built

1968

Price

$2,637,597 CAD

Price Per SF

$376.80 CAD

Tenancy

Single

Building Height

1 Story

Typical Floor Size

7,000 SF

Building FAR

0.29

Lot Size

0.55 AC

Opportunity Zone

Yes

Zoning

RM3

Parking

20 Spaces (2.86 Spaces per 1,000 SF Leased)

Bus Line

Signage

MAJOR TENANTS

Educational Services
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Mgr Patrick R. Heffron, deuxième évêque de Winona, fonda Saint Mary's en tant que collège en 1912 pour offrir des études supérieures aux jeunes hommes du diocèse de Winona, dans le sud du Minnesota et des régions avoisinantes. À ses débuts, l'université fonctionne comme une académie et un collège de premier cycle. En 1925, il devient un collège d'arts libéraux de quatre ans. Les descendants des colons du XIXe siècle du Minnesota et du Wisconsin reçurent ainsi une éducation classique d'une faculté hautement instruite composée principalement de membres du clergé diocésain. Les étudiants des premières décennies deviennent des chefs religieux, professionnels et des chefs d'entreprise dans leurs communautés.