2628 Central Ave NE - Auto Repair FOR SALE


Minneapolis, MN 55418- Holland
$2,050,000 USD
763-226-7911
2628 Central Ave NE, Minneapolis, MN for Sale
$2,050,000 USD
Auto Repair - FOR SALE
1/28
null | 10.66% Cap Rate

2628 Central Ave NE
Minneapolis, MN 55418
Holland


HIGHLIGHTS

  • Prime Location in NE Minneapolis
  • Business established in 1982 – 43 Years of Experience
  • Employees: 10 Total, 9 Full-time 1 part-time
  • Real Estate: Owned – Included in asking price
  • Inventory: Included in asking price

OVERVIEW

This well-established auto body shop has been a trusted name in the NE Minneapolis community for 43 years. Located in a highly visible location off Central Avenue, this turn-key business presents an incredible opportunity for a new owner. With $372,000 in cash flow and real estate included, this is a rare chance to own a thriving operation with multiple revenue streams. The sale includes two commercial buildings totaling 11,908 SF, featuring an auto body shop with an automotive paint booth, warehouse with four drive-in doors, an office/reception area, break room, and two restrooms. The second building is a mixed use building and includes an office/retail space with a large conference room, multiple private offices, a break room, and with two residential units on the top floor which consist of one 1 bedroom unit and one 3-bedroom unit. Behind the building there is a 1,200 SF warehouse space with a bathroom and drive in door. There are also 15 surface parking spots provide ample parking for both buildings. Inventory, furniture, fixtures, and equipment (FF&E) are all included in the asking price.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

10.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2628 & 2632 Central Ave NE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,284 SF

ZONING

CM3

APN/PARCEL ID

11-029-24-14-0007

ASK ABOUT THIS PROPERTY

Amber LangeCreative Property ProfessionalsMore Info
763-226-7911

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Amber LangeCreative Property ProfessionalsMore Info
763-226-7911

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