245 2nd Avenue N, Minneapolis, MN 55401 (MLS# 6098099)

General Property Information

Living Area Units: Square Feet
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: Yes
Year Built: 1936
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 9440
Garage Stalls: Yes
For Sale or Lease: For Sale
Acres: 0.24
Lot Dimensions: 80x132
Assessment Pending: Unknown

Property Features

Accessible: None Air Conditioning: Central Air Basement: Full CMU Style: Office; Warehouse Construction Materials: Concrete Construction Status: Previously Owned Current Use: Office; Warehouse Existing Financing: Conventional Exterior: Brick/Stone Fencing: None Financing Terms: Conventional Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Downtown On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: Electricity; Fuel; Insurance; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: Three Or More Wall Description: Drywall Water: City Water/Connected

Contract Information

Availability: Available
Off Market Date: 2022-08-22
Closed Date: 2022-08-18
Sales Close Price: 1625000
Contingency: None
ListPrice: 2500000
Owner is an Agent?: No

Location Tax and Other Information

House Number: 245
Street Name: 2nd
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55401
Complex/Dev/Subdivision: Subd Town Of

Building Information

Building Finished SqFt: 20720
Building SqFt: 20720
Ceiling Height: Varied Heights

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#: 22
Township#: 29

Sale Options

Sale Includes: Building, Land

Unit Details

Total Units: Yes

Office/Member Info

Association: SPAAR
MLSID: RMLS

Location, Tax and Other Information

Legal Description: SUBD TOWN OF MPLS-LOTS 1 & 2 BLK 55 LOTS C AND D
Listing City: Minneapolis
Map Page: 106
Rental License?: No
School District: Minneapolis
Map Coordinate Source: RETS
Zip Plus 4: 1621
Property ID Number: 2202924410040
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Value add investment opportunity ideal for investor or owner occupant who interested in North Loop location. This 20,000 square foot building with a full useable basement with high ceilings, first floor with office and warehouse space, the second floor features office space and there is additional space on the third floor. Just steps from restaurants, shopping, night life, and the Downtown sports stadiums. This building is complete with large windows, high ceilings, a dock and drive-in door. There is a freight elevator and 6 off street parking spaces. Listing agent to be present at all showings.
Directions: Washington to 1st Ave. go South to 3rd Street North to 2nd Avenue turn right.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Basement

Full: Yes

Construction Materials

Concrete: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Fencing

None: Yes

Financing Terms

Conventional: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Owner Pays

Electricity: Yes
Fuel: Yes
Insurance: Yes
Maintenance/Repair: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Wall Description

Drywall: Yes

Water

City Water/Connected: Yes

Income and Expenses

Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

On Site Utilities

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

CMU Style

Office: Yes
Warehouse: Yes

Current Use

Office: Yes
Warehouse: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Downtown: Yes