6501 Portland Avenue S, Minneapolis, MN 55423

$3,400,000
Property Type: Commercial Lot Size (sq. ft.): 181,210 Status: Closed
Current Price: $3,400,000 List Date: 5/07/2024 Last Modified: 12/20/2024

Overview

Description

4.16 Prime Richfield development location. Located adjacent to Veterans Memorial Park. Limited to 5 story building requirements. Building is no longer in public use.

Listing Details MLS# 6531920

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Year Built
1956
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
Yes
Garage Stalls
4
For Sale or Lease
For Sale
Acres
4.16
Lot Dimensions
506x350
Assessment Pending
Unknown
Other Parking Spaces
0

Property Features

Accessible: None CMU Style: Single Occupancy Construction Status: Previously Owned Current Use: Event Space; Vacant Exterior: Stucco Financing Terms: Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Free Standing Lock Box Type: None On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Paved Lot; Uncovered/Open Road Frontage: City Street Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Water: City Water - In Street

Contract Information

Digitally Altered Photos
No
Off Market Date
2024-12-12
Closed Date
2024-12-20
Sales Close Price
3400000
Contingency
None
ListPrice
4500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
6501
Street Name
Portland
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55423

Assessments

Tax With Assessments
143717.16
Assessment Balance
0

Building Information

Building Finished SqFt
Yes

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
26
Township#
28

Sale Options

Sale Includes
Building

Unit Details

Total Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Listing City
Richfield
Map Page
120
Municipality
Richfield
School District
Richfield
School District Phone
612-798-6010
Zip Plus 4
729
Property ID Number
2602824230001
Tax Year
2024
Tax Amount
143717.16
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Directions
494 to Portland

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Stucco
Yes

Financing Terms

Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lock Box Type

None
Yes

Parking Characteristics

Paved Lot
Yes
Uncovered/Open
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water - In Street
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Single Occupancy
Yes

Current Use

Event Space
Yes
Vacant
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Free Standing
Yes
Listing Office: Century 21 Atwood
IDX
Last Updated: December - 20 - 2024
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.