3553 Hennepin Ave. S.
3553 Hennepin Ave. S.
Minneapolis, MN 55408
Triple Net Investment / Future Development Site
- Annual Average NOI: $49,019 (year 3 net rent) +5% mgmt fee = $51,467
- Tenant pays virtually all expenses, lease available for review.
- 100% Leased through July 31, 2029. Tenant has 5 Year option to renew
- Future Multi-Family Development Capable of approximately 29 units, 1,500 sf commercial, 18 parking stalls, or more*
*Buyer to verify
Contact the Broker
[email protected]
612.749.4233
Aprx. Land Size: 10,350 square feet
Aprx. Gross Building SF: 1,347 square feet
Parking: Approximately 11 spaces
Real Estate Taxes: $21,886.16 (Tenant pays)
Assessed Value: $709,000
Asking Price: $740,000
Key Features:
-
Fantastic corner urban infill site
-
On the #6 Bus Line
-
Close proximity and direct access to Bde Mka Ska
-
New Roof installed in Spring of 2024
-
Potential for assemblage of neighboring properties for large-scale development
-
Renderings for larger scale development available upon request
Download the Brochure
3553 Hennepin Ave. S.
3553 Hennepin Ave. S.
Minneapolis, MN 55408
Triple Net Investment / Future Development Site
- Annual Average NOI: $49,019 (year 3 net rent) +5% mgmt fee = $51,467
- Tenant pays virtually all expenses, lease available for review.
- 100% Leased through July 31, 2029. Tenant has 5 Year option to renew
- Future Multi-Family Development Capable of approximately 29 units, 1,500 sf commercial, 18 parking stalls, or more*
*Buyer to verify
Aprx. Land Size: 10,350 square feet
Aprx. Gross Building SF: 1,347 square feet
Parking: Approximately 11 spaces
Real Estate Taxes: $21,886.16 (Tenant pays)
Assessed Value: $709,000
Asking Price: $740,000
Key Features:
- Fantastic corner urban infill site
- On the #6 Bus Line
- Close proximity and direct access to Bde Mka Ska
- New Roof installed in Spring of 2024
- Potential for assemblage of neighboring properties for large-scale development
- Renderings for larger scale development available upon request
Download the Brochure
Contact the Broker
[email protected]
612.749.4233