2409 S Lyndale Ave - Storefront Retail/Office FOR SALE


Minneapolis, MN 55405- Whittier
$963,500 USD
952-445-5970
2409 S Lyndale Ave, Minneapolis, MN for Sale
$963,500 USD
Storefront Retail/Office - FOR SALE
1/84
null | 7.09% Cap Rate

2409 S Lyndale Ave
Minneapolis, MN 55405
Whittier


OVERVIEW

This mixed-use property may be the ideal opportunity for an owner-occupant. The property consists of 4 residential units (two 2-bedroom units and two 1-bedroom units) and 2 commercial units. All the units, except residential unit 202, are owned by one owner. The property has been converted to condos so each of the 6 units has its own PID. Potential for owner-occupant to purchase one of the residential units to reside in and use a residential mortgage and purchase the remaining building using a commercial mortgage. The owner of unit 202 currently owns the only garage in the back plus 2 parking spaces on the back side of the property. The entire site has 15 parking spaces. Heating updates are in process including do-demand hot water for unit heat in 4 units.

FOR SALE DETAILS

PRICE

$963,500 USD

PRICE/SF

$166 USD /SF

CAP RATE

7.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ecoplitan Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

CM2

APN/PARCEL ID

34-029-24-23-0237

ASK ABOUT THIS PROPERTY

Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

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Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.