241 Fremont Avenue N, Minneapolis, MN 55405

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 16
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Industrial
Foundation Size: 25000
For Sale or Lease: For Sale
Acres: 1.26
Lot Dimensions: 345 x 170
Garage Stalls: 0

Property Features

Accessible: Fully Wheelchair CMU Style: Industrial Construction Status: Previously Owned Current Use: Commercial; Food Service; Manufacturing Exterior: Block Financing Terms: Conventional Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Potential Use: Income; Industrial; Lounge/Bar; Office; Professional; Rest/Lounge; Restaurant; Retail; Wholesale Rental License Type: Standard Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Off Market Date: 2024-07-08
Closed Date: 2024-07-10
Sales Close Price: 2950000
Contingency: None
ListPrice: 3500000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 241
Street Name: Fremont
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Croffuts Add

Assessments

Tax With Assessments: 60360
Assessment Balance: 0

Building Information

Building Finished SqFt: 25000
Building SqFt: 25000

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

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

Sale Options

Sale Includes: Building

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR
MLSID: RMLS

Location, Tax and Other Information

Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
Rental License?: Yes
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1934
Property ID Number: 2102924430126
Tax Year: 2023
Tax Amount: 60360
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare opportunity for a multi-tenant industrial asset in the heart of the Harrison neighborhood in Minneapolis. Located in a qualified opportunity zone, this building has in-place income from an existing 10,000 SF tenant. Owner/occupy or lease out the 15,000 SF vacancy on the southern end of the building, that was most recently a distillery. Over $1m in improvements made in 2017-2018 including new roof, HVAC, sprinklers and substantial interior improvements.
Directions: Take 394 east, head north on van white boulevard, building is on the left before Glenwood Ave

Accessible

Fully Wheelchair: Yes

Construction Status

Previously Owned: Yes

Exterior

Block: Yes

Financing Terms

Conventional: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Parking Characteristics

Parking Lot: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Industrial: Yes

Current Use

Commercial: Yes
Food Service: Yes
Manufacturing: Yes

Potential Use

Income: Yes
Industrial: Yes
Lounge/Bar: Yes
Office: Yes
Professional: Yes
Rest/Lounge: Yes
Restaurant: Yes
Retail: Yes
Wholesale: Yes