1010 2nd Avenue N, Minneapolis, MN 55405 (MLS# 6214285)

General Property Information

Living Area Units: Square Feet
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 175
Owner Occupied: Yes
Year Built: 1986
Yearly/Seasonal: Yearly
Zoning: Industrial, Residential-Multi-Family
Foundation Size: 15000
For Sale or Lease: For Sale
Acres: 2.84
Lot Dimensions: Irregular
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air CMU Style: Apartments and Retail; Apartments/Multi Family; High Rise; Industrial Construction Status: Previously Owned Current Use: Commercial; Industrial; Office Exterior: Block; Brick/Stone Financing Terms: Conventional Fuel: Natural Gas Heating: Forced Air Lock Box Type: Combo On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Paved Lot Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Availability: Available
Off Market Date: 2023-01-30
Closed Date: 2023-01-27
Sales Close Price: 4800000
Contingency: None
ListPrice: 5000000
Owner is an Agent?: No

Location Tax and Other Information

House Number: 1010
Street Name: 2nd
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Bassett Valley Add

Building Information

Building Finished SqFt: 30000
Building SqFt: 30000

Lease Details

Land Leased: Not Applicable
Monthly Land Lease Amt: 0

More Information

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 21
Township#: 29

Sale Options

Sale Includes: Building, Land

Unit Details

Total Units: Yes

Office/Member Info

Association: MAAR
MLSID: RMLS

Location, Tax and Other Information

Legal Description: LOT 002 BLOCK 001 BASSETT VALLEY ADDN
Listing City: Minneapolis
Map Page: 106
Rental License?: No
School District: Minneapolis
Map Coordinate Source: RETS
Zip Plus 4: 1800
Property ID Number: 2102924430123
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Well maintained owner/user office opportunity, conveniently located in the Harrison neighborhood. Opportunity to re-purpose the existing structure, or take advantage of favorable redevelopment zoning and construct a new mixed use property on the 2.84 acre site. 2040 guidance supports up to a 15 story tower. Property is located in a Qualified Opportunity Zone. Immediate area features over 500 new/proposed apartment units and is home to La Dona, Royal Foundry Craft Spirits, Unleashed Hops and Hounds and the Mpls Farmers Market. Amazing access to I-394 and I-94.
Directions: Take 394 and head North to Van White Boulevard, turn right on Glenwood, property is on the right.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Construction Status

Previously Owned: Yes

Exterior

Block: Yes
Brick/Stone: Yes

Financing Terms

Conventional: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Parking Characteristics

Paved Lot: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Apartments and Retail: Yes
Apartments/Multi Family: Yes
High Rise: Yes
Industrial: Yes

Current Use

Commercial: Yes
Industrial: Yes
Office: Yes

1010 2nd Avenue N, Minneapolis, MN 55405

Overview

Description

Listing Details MLS# 6214285