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3900-3920 Nicollet Ave
Minneapolis, MN 55409
Retail Property For Sale
EXECUTIVE SUMMARY
The building was built in 1957 and renovated in 2013/2023 and now possesses an elevated and timeless design and beautifully landscaped grounds. 3900 - 3920 Nicollet Avenue is strategically located in the heart of South Minneapolis with close access to 35W and is just three miles from Lake Harriet. 3900 - 3920 Nicollet Avenue has a history of high-occupancy rates. This building is currently 100% occupied. This building is home to some elite companies, including Master Collision Group and Tower Games.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
19,861 SF
Building Class
C
Year Built/Renovated
1957/2023
Price
$6,197,895 CAD
Price Per SF
$312.06 CAD
Cap Rate
7.04%
NOI
$436,332 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.90 AC
Zoning
R2B
Parking
28 Spaces (1.41 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,209,725 CAD | |
| Land Assessment | $1,113,133 CAD | Total Assessment | $2,322,858 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,113,133 CAD
Improvements Assessment
$1,209,725 CAD
Total Assessment
$2,322,858 CAD
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
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