3100 - 3106 W 50th ST, Minneapolis, MN 55410 - MLS#6370075

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Alek Ploetz

[email protected] +1(651) 270-7166

$1,599,999

Est. payment - /mo

0.25 Acres Lot

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UPDATED:

11/27/2024 02:30 AM

Key Details

Property Type Commercial

Sub Type Mixed Use,Low Rise,Office

Listing Status Active

Purchase Type For Sale

Subdivision Cic 1235 Fulton Lofts On Xerxes

MLS Listing ID 6370075

Year Built 2005

Annual Tax Amount $5,454

Tax Year 2023

Contingent None

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions .25

Property Description

This is a fantastic opportunity to own a turnkey commercial condo portfolio on the coveted retail corner of 50th & Xerxes in the Fulton, Minneapolis neighborhood. This value-add portfolio includes: Three retail/office storefronts, one 10x10 private office/storage room, and six underground parking stalls. Suite #101 was recently leased, #102 and #104 are leased up by established businesses. Suite #101 had a $105,000 renovation in 2021 and #104 underwent a $90,000 renovation in 2020. This is an opportunity to purchase the full portfolio of commercial condo units on the main retail level. A showing must be scheduled to view the property. Please do not disturb current businesses or their staff and refrain from touring the building without an appointment.

Location

State MN

County Hennepin

Zoning Business/Commercial

Rooms

Family Room Other

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Leases, Other

Fireplace No

Exterior

Parking Features Assigned, Attached Garage, Garage Door Opener, Heated Garage, Underground

Garage Spaces 6.0

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Flat

Present Use Professional/Office,Commercial,Professional Service,Retail

Building

Lot Description Public Transit (w/in 6 blks), Infill Lot, Tree Coverage - Light

Foundation 10865

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Minneapolis

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Listed by Sandra Rieger • Coldwell Banker Realty

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Alek Ploetz

+1(651) 270-7166

Broker | License ID: 40410211

Broker License ID: 40410211