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Hiawatha Service Center 3401-3435 Hiawatha Ave S 9,275 SF Industrial Building Minneapolis, MN 55406 $5,513,884 CAD ($594.49 CAD/SF)
INVESTMENT HIGHLIGHTS
- Auto Service
- Outside Storage
- Visibility
EXECUTIVE SUMMARY
-1.92 acres total, 9,725 sqft of buildings', visibility on Hiawatha (no green space, useable are of a typical lot double the size)
-Outside storage permitted,
-Great drive in buildings that were formally auto buildings, with 12 drive ins, trench drains etc.
-Buildings have been extensively remodeled, and are nice office showroom buildings with high quality finishes.
-Currently a contractor yard, for a fence company, could otherwise be a nice equipment rental, sales lot, or a fit for any user needing outside storage. Nice brand new pristine black top on the lot.
-$4,550,000 Sale price
-For lease $16.50 PSF plus $1.50 psf for outside storage.
This client spent more than $1 million on improvements combining these two sites, re grading, connecting these two sites. Several inches of brand new blacktop, buildings re modeled with higher quality finished, brand new privacy fence around the entire site. One of the last sites of more than 1 acre in the city of Minneapolis with PR2 zoning which permits outside storage (search for this and you will see how rare this site is).
-Outside storage permitted,
-Great drive in buildings that were formally auto buildings, with 12 drive ins, trench drains etc.
-Buildings have been extensively remodeled, and are nice office showroom buildings with high quality finishes.
-Currently a contractor yard, for a fence company, could otherwise be a nice equipment rental, sales lot, or a fit for any user needing outside storage. Nice brand new pristine black top on the lot.
-$4,550,000 Sale price
-For lease $16.50 PSF plus $1.50 psf for outside storage.
This client spent more than $1 million on improvements combining these two sites, re grading, connecting these two sites. Several inches of brand new blacktop, buildings re modeled with higher quality finished, brand new privacy fence around the entire site. One of the last sites of more than 1 acre in the city of Minneapolis with PR2 zoning which permits outside storage (search for this and you will see how rare this site is).
PROPERTY FACTS
| Price | $5,513,884 CAD | No. Stories | 1 |
| Price Per SF | $594.49 CAD | Year Built/Renovated | 1991/2022 |
| Sale Type | Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 5.39/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 1.92 AC | No. Drive In / Grade-Level Doors | 12 |
| Rentable Building Area | 9,275 SF | ||
| Zoning | PR-2 | ||
| Price | $5,513,884 CAD |
| Price Per SF | $594.49 CAD |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.92 AC |
| Rentable Building Area | 9,275 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1991/2022 |
| Tenancy | Single |
| Parking Ratio | 5.39/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 12 |
| Zoning | PR-2 |
AMENITIES
- Fenced Lot
- Air Conditioning
UTILITIES
- Gas
- Water
- Sewer
- Heating
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 01-028-24-42-0221 | Improvements Assessment | $972,677 CAD (2024) |
| Land Assessment | $1,292,901 CAD (2024) | Total Assessment | $2,265,578 CAD (2024) |
PROPERTY TAXES
Parcel Number
01-028-24-42-0221
Land Assessment
$1,292,901 CAD (2024)
Improvements Assessment
$972,677 CAD (2024)
Total Assessment
$2,265,578 CAD (2024)
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Hiawatha Service Center | 3401-3435 Hiawatha Ave S
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