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Investment Highlights

  • Location, location, location

Executive Summary

Commercial building in the heart of Northeast Minneapolis Arts District. Located along a high-traffic corridor surrounded by restaurants, studios, shops, and neighborhood activity. Property could immediately be used as an art gallery / studio or easily converted into a coffee shop, retail space, office, or potential live/work situation. The front 1,000 square feet currently functions as an art gallery with dramatic 13-foot ceilings, excellent lighting, and a clean / open layout. The building includes approximately $15,000 in upgraded lighting that includes dimmable fluorescents and LED cans, making it ideal for displaying artwork, retail products, or creating a polished office/studio environment. Ample space can be found in the backyard which features new sod and is also completely fenced in with 6 foot horizontal privacy fencing. The fence has a locking gate on one side going to the front and a second locking gate going to the parking lot. The parking lot is accessible from the alley in back. Majority of the structure was built new in 2017. Included at that time: New HVAC, roof, electrical, plumbing and windows. Recent updates include newly painted exterior, floors, walls, and fresh sod, all in 2026. The space looks fresh, clean, and ready for immediate occupancy. Previously used as the art studio and gallery of a well-known local painter. 2847 Central Avenue NE offers a rare combination of visibility, flexibility, character, and practical workspace. Come make your own masterpiece!

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
2,000 SF
Year Built/Renovated
1931/2017
Price
$687,415 CAD
Price Per SF
$343.71 CAD
Percent Leased
100%
Building Height
1 Story
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100

Nearby Major Retailers

Anytime Fitness
Wells Fargo Bank
U.S. Bank

Property Taxes

Property Taxes

Parcel Number
12-029-24-22-0086
Land Assessment
$134,213 CAD (2024)
Improvements Assessment
$301,259 CAD (2024)
Total Assessment
$435,472 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
  • Listing ID: 40530144

  • Date on Market: 2026-05-14

  • Last Updated:

  • Address: 2847 Central Ave NE, Minneapolis, MN 55418

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