4020 Minnehaha Avenue
Minneapolis, MN 55406

Commercial
  • 0.55acres
$1,890,000
Est. P&I payment: $7218.52/mo
4020 Minnehaha Avenue, Minneapolis, MN 55406
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Description for 4020 Minnehaha Avenue, Minneapolis, MN 55406
Nearly 19,000 sqfts of commercial office building, attached warehouse, and open parking lot. Building was rebuilt new in 2005 including the foundation, utilities, and cement floor. The roof was replaced in 2012 due to workmanship when installed in 2005. Great cash flow and investment property! Potential for higher revenue when other units are leased also. Sales includes building, warehouse, lease, and vacant parking lot. Two property IDs. Conveniently located by Hwy 55.
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My Notes for MLS #4899111

General Features

  • Acres: 0.55
  • Current Use: Business Service,​Professional Service,​Warehouse,​Commercial,​Other
  • Foreclosure Status: No
  • Year Built: 2005
  • Sale Includes: Building,​Land,​Leases
  • Total Number of Units: 18
  • Status: Active

Exterior Features

  • Exterior: Wood,​Stucco,​Brick/Stone,​Block
  • Parking Characteristics: Uncovered/Open,​Other
  • Road Frontage: City
  • Lot Dimensions: 120x150
  • Other Parking Spaces: 16

Interior Features

  • Building Finished Square: 18,975
  • Handicap Accessible: Elevator
  • Basement: None
  • Roof: Asphalt Shingles,​Age 8 Years or Less
  • Shared Rooms: Other

Utilities Features

  • Air Conditioning: Central
  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Insurance Expense: 5,984
  • Annual Maintenance Expense: 10,000
  • Tenant Expenses: Taxes,​Water/Sewer,​Electric,​Fuel
  • Annual Net Income: 93,459
  • Tax Amount: 36,286
  • Tax With Assessments: 42,959.08
  • Tax Year: 2017
  • Annual Gross Income: 142,188

Community Features

  • County: Hennepin
  • Municipality: Minneapolis
  • Postal City: Minneapolis (MN)
  • Neighborhood: Hiawatha

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Amenities - Shared: Elevator(s),​Other
  • Amenities - Unit: Skylight,​Tiled Floors,​Indoor Sprinklers,​Other
  • Foundation Size: 13,175
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 4020 Minnehaha Avenue, Minneapolis, MN 55406
Coming from the South: Take Hwy 55 to E 46th St., Left to Minnehaaha Ave., building is on your left. Coming from the North: Take Hwy 55, left on E 32nd St., South on Minnehaha Ave., building is on your right.
The listing information for 4020 Minnehaha Avenue, Minneapolis, MN 55406 was graciously provided by our friends at the listing brokerage, RE/MAX Results

Get Financing for 4020 Minnehaha Avenue, Minneapolis, MN 55406

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $7218.52
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Last Updated 04/25/2018 at 5:14am
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