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2759 Penn Ave N
Minneapolis, MN 55411
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High traffic corner location
- Flexible zoning and Minneapolis needs housing.
- Vacant lot next door is for sale - buy both & build!
EXECUTIVE SUMMARY
Commercial mixed use building at a great location! Corner of 29th & Penn with tons of traffic exposure. This would make a great spot for office, shop, retail, or mixed-use with apartment + business. Lot extends to alley with enough room to build a garage or add some parking. ZONE C1 - Neighborhood Commercial District allows many uses. Currently has 3 rooms street side for business/office use + kitchen & full bathroom. Back of building includes 2bedrooms apartment with kitchen & full bathroom. Projected ARV rents for current set up = $3000/month total. C1 Zoning offers a multitude of options if building new. Neighboring lot to South is vacant and possibly for sale. Opportunity knocks!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
1,385 SF
Building Class
C
Year Built
1912
Price
$145,363 CAD
Price Per SF
$104.96 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.12 AC
Zoning
C1 - CM1 Neighborhood Mixed-Use District
Frontage
32’ on Penn Ave N
AMENITIES
- Bus Line
1 of 4
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