4935 34th Ave S - Storefront Retail/Residential FOR SALE


Minneapolis, MN 55417- Minnehaha
$450,000 USD
651-492-2201
4935 34th Ave S, Minneapolis, MN for Sale
$450,000 USD
Storefront Retail/Residential - FOR SALE
1/38
null | 8.31% Cap Rate

NEW


4935 34th Ave S
Minneapolis, MN 55417
Minnehaha


HIGHLIGHTS

  • Flexible to sell to an owner-user, or seller willing to leaseback main & lower level for 3 years
  • Building recently renovated in 2021
  • 3-year old Rubber Membrane roof on front of building
  • 21'x20 detached garage, 2-stalls
  • Seconds from shoping destinations: grocery, retail, restaurants, and coffee shops

OVERVIEW

Property Overview Recently renovated mixed use building for sale or lease. Perfect for owner user who wants to occupy the retail levels, or the seller is willing to lease the retail space back for 3-years and it would be a great 100% leased investment opportunity. The main and lower level of the property is currently being used as a surplus retail store for tools, lawn & snow equipment, home improvement items, appliances, and more. The upper level has been converted to a cozy 1 bedroom, 1 bath unit which can host up to 4 guests and 2 beds. The AirBNB and has a 4.91 rating with 70+ reviews! The residential unit was fully renovated in 2021 with a new kitchen, full bathroom, and the deck was also improved. The property comes with a detached garage and 5 off-street parking spaces. PROPERTY HIGHLIGHTS - Property has a boiler system for heat; the front portion of building has central rooftop unit for A/C, and other portions have window A/C units 2008 roof - 3-year old rubber membrane roof on front of building; shingled roof on back side of building - Washer, dryer, breakroom, and storage in lower level - 21'x20' detached garage, 2-stalls - Recent Renovations: New 10'x 25' shed, new shower and kitchen in residential portion, new concrete apron for driveway, painted exterior in 2022, new gutters, new 40 gallon water heater, new awning, new double pane windows for residential portion, new doors upstairs Lower level laundry - Seconds from shopping destinations: Grocery, retail, restaurants, and coffee shops.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

8.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C1

APN/PARCEL ID

18-028-23-24-0118

ASK ABOUT THIS PROPERTY

Royce DurhmanKW CommercialMore Info
651-492-2201

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Royce DurhmanKW CommercialMore Info
651-492-2201

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