3401-3435 Hiawatha Ave S - Warehouse FOR SALE


Minneapolis, MN 55406- Howe
$3,950,000 USD
651-262-7809
3401-3435 Hiawatha Ave S, Minneapolis, MN for Sale
$3,950,000 USD
Warehouse - FOR SALE
1/13
null | Request Cap Rate

3401-3435 Hiawatha Ave S
Minneapolis, MN 55406
Howe


HIGHLIGHTS

  • Auto Service
  • Visibility
  • Outside Storage

OVERVIEW

-1.92 acres total, 9,725 sqft of buildings', visibility on Hiawatha (no green space, useable are of a typical lot double the size) -Outside storage permitted, -Great drive in buildings that were formally auto buildings, with 12 drive ins, trench drains etc. -Buildings have been extensively remodeled, and are nice office showroom buildings with high quality finishes. -Currently a contractor yard, for a fence company, could otherwise be a nice equipment rental, sales lot, or a fit for any user needing outside storage. Nice brand new pristine black top on the lot. -$4,550,000 Sale price -For lease $16.50 PSF plus $1.50 psf for outside storage. This client spent more than $1 million on improvements combining these two sites, re grading, connecting these two sites. Several inches of brand new blacktop, buildings re modeled with higher quality finished, brand new privacy fence around the entire site. One of the last sites of more than 1 acre in the city of Minneapolis with PR2 zoning which permits outside storage (search for this and you will see how rare this site is).

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Hiawatha Service Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

UTILITIES

Gas, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

1

DRIVE INS

12

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.92

LAND SF

83,635

ZONING

PR-2

APN/PARCEL ID

01-028-24-42-0221

ASK ABOUT THIS PROPERTY

Nick CarmichaelCapital Commercial PartnersMore Info
651-262-7809

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Nick CarmichaelCapital Commercial PartnersMore Info
651-262-7809

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