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3826 W Broadway Ave 2,700 SF 100% Leased Office Building Minneapolis, MN 55422 $807,594 CAD ($299.11 CAD/SF) 9.10% Cap Rate
Executive Summary
High Demand Office Building With Salon Style / Medical Use Tenant Base. This building has a make up of small neighborhood businesses with most suites having sinks and hard surfaces flooring. There are 10 total office units in this building. All spaces are clean, affordable, easy to lease and are all set up on gross leases. This building has lots of updates and has 1st floor common area lobby, off street parking and large electronic front monument sign that can be change to read different things. Owner recently replaced the air condition condenser and has done other capital improvements such as wifi enabled control access of building and suite doors. This building is within walking distance of many great amenities such as shopping, restaurants, transit banks and is located in the historic downtown Robbinsdale area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,700 SF
Building Class
B
Year Built/Renovated
1924/2024
Price
$807,594 CAD
Price Per SF
$299.11 CAD
Cap Rate
9.10%
NOI
$73,491 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,000 SF
Slab To Slab
10’
Building FAR
0.48
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
B-2 - B- 2 Zoning for office / medical / salon beauty type uses
Parking
7 Spaces (2.59 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Signage
- Basement
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 06-029-24-41-0046 | Improvements Assessment | $394,974 CAD |
| Land Assessment | $69,222 CAD | Total Assessment | $464,197 CAD |
Property Taxes
Parcel Number
06-029-24-41-0046
Land Assessment
$69,222 CAD
Improvements Assessment
$394,974 CAD
Total Assessment
$464,197 CAD
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3826 W Broadway Ave
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