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3501-3503 Penn Ave
Minneapolis, MN 55412
Utopia Building · Retail Property For Sale
EXECUTIVE SUMMARY
Northside Ownership Opportunity! This is an excellent opportunity to launch or expand your real estate portfolio with this Northside Land Trust property. Option to purchase through Land Trust or as a standard sale. Building currently approximately 75% occupied with active month-to-month leases & established tenants. Middle store front (3503) currently vacant and being updated. Tons of basement storage and additional bonus space/SF. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.
Contact listing agent to inquire &/or schedule ALL site visits, M-F, 9-5 only. Listing agent to be present at all showings w/ 24-hours notice required. Square footage is approximate. Agent to confirm zoning for desired use.
Contact listing agent to inquire &/or schedule ALL site visits, M-F, 9-5 only. Listing agent to be present at all showings w/ 24-hours notice required. Square footage is approximate. Agent to confirm zoning for desired use.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,571 SF
Building Class
C
Year Built
1922
Price
$461,402 CAD
Price Per SF
$70.22 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.84
Lot Size
0.18 AC
Zoning
C1
Parking
5 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
73’ on Penn Ave
AMENITIES
- Bus Line
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 08-029-24-11-0082 | Improvements Assessment | $332,504 CAD |
| Land Assessment | $76,428 CAD | Total Assessment | $408,932 CAD |
PROPERTY TAXES
Parcel Number
08-029-24-11-0082
Land Assessment
$76,428 CAD
Improvements Assessment
$332,504 CAD
Total Assessment
$408,932 CAD
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