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2628 Central Ave NE
Minneapolis, MN 55418
2628 & 2632 Central Ave NE · Retail Property For Sale
Investment Highlights
- Prime Location in NE Minneapolis
- Employees: 10 Total, 9 Full-time 1 part-time
- Inventory: Included in asking price
- Business established in 1982 – 43 Years of Experience
- Real Estate: Owned – Included in asking price
Executive Summary
This well-established auto body shop has been a trusted name in the NE Minneapolis community for 43 years. Located in a highly visible location off Central Avenue, this turn-key business presents an incredible opportunity for a new owner. With $2,024,218 in total revenue and real estate included, this is a rare chance to own a thriving operation with multiple revenue streams. The sale includes two commercial buildings totaling 11,908 SF, featuring an auto body shop with an automotive paint booth, warehouse with four drive-in doors, an office/reception area, break room, and two restrooms. The second building is a mixed use building and includes an office/retail space with a large conference room, multiple private offices, a break room, and with two residential units on the top floor which consist of one 1 bedroom unit and one 3-bedroom unit. Behind the building there is a 1,200 SF warehouse space with a bathroom and drive in door. There are also 15 surface parking spots provide ample parking for both buildings. Inventory, furniture, fixtures, and equipment (FF&E) are all included in the asking price.
Property Facts
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
11,908 SF
Building Class
B
Year Built
1946
Price
$2,783,900 CAD
Price Per SF
$233.78 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.37 AC
Zoning
CM3 - Community Mixed-Use District
Parking
15 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
46’ on Central Avenue Northeast
Amenities
- Signage
- Air Conditioning
About 2628 CENTRAL AVE NE , MINNEAPOLIS, MN 55418
2628 Central Ave NE – 7,560 SF Auto Body Shop -Fully equipped auto body shop -Automotive paint booth -4 drive-in doors -Reception/office area -Break room -Clear Height 12' -3 phase power 2632 Central Ave NE – 4,348 SF Multi-Use Building -1,500 SF office/retail space featuring a large conference room, multiple private offices, and a break room -Two residential units on the second floor (3 bedroom & 1 bedroom) -1,200 SF warehouse space with a bathroom and drive in door -15 surface parking spots
Property Taxes
| Parcel Number | 11-029-24-14-0007 | Improvements Assessment | $610,693 CAD |
| Land Assessment | $176,947 CAD | Total Assessment | $787,640 CAD |
Property Taxes
Parcel Number
11-029-24-14-0007
Land Assessment
$176,947 CAD
Improvements Assessment
$610,693 CAD
Total Assessment
$787,640 CAD
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