Views
Address
3100 - 3106 W 50th Street, Minneapolis, MN
Price
$ 1,599,999
Property Attributes
- ID#6370075
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaCic 1235 Fulton Lofts On Xerxes
- NeighborhoodCic 1235 Fulton Lofts On Xerxes
- Zip55410
- Style
- Year Built2005
- Taxes$ 5454
- Price$ 1,599,999
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10000
- Lot Size10,890 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
This is a fantastic opportunity to own a turnkey commercial condo portfolio on the coveted retail corner of 50th & Xerxes in the Fulton, Minneapolis neighborhood. This value-add portfolio includes: Three retail/office storefronts, one 10x10 private office/storage room, and six underground parking stalls. Suite #101 is currently vacant and is available for lease and/or purchase, #102 and #104 are leased up by established businesses. Suite #101 had a $105,000 renovation in 2021 and #104 underwent a $90,000 renovation in 2020. This is an opportunity to either purchase the full portfolio or lease #101. A showing must be scheduled to view the property. Please do not disturb current businesses or their staff and refrain from touring the building without an appointment.
| Price History | |
|---|---|
| 6/7/2023 | Listed $1,900,000 |
| 8/22/2023 | 11% - $1,700,000 |
| 11/5/2023 | 3% - $1,650,000 |
| 4/4/2024 | 4% - $1,599,999 |
General Features
| Sewer | City Sewer/Connected |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Utilities | Electric Separate,Heating Separate,Hot Water Separate |
| Roof | Flat |
| Garage Spaces | 6 |
| Construction Materials | Brick/Stone |
| Year Built | 2005 |
| Tenant Pays | All Utilities |
| Tax Year | 2023 |
| Current Use | Professional/Office,Commercial,Professional Service,Retail |
| OwnerPays | Repairs |
| Accessibility | Fully Wheelchair |
| County | Hennepin |
| Property Type | Commercial Sale |
| Association Amenities | Elevator(s),Other |
| Contingency | None |
| Subdivision Name | Cic 1235 Fulton Lofts On Xerxes |
| Directions | From Hwy 62,North on Xerxes to 50th Street. |
| City | Minneapolis |
| Buyer Agent Compensation | 2.50 |
| High School District | Minneapolis |
| Zoning Description | Business/Commercial |
| Total Units | 3 |
| Street Name | 50th |
| Land Lease Y/N | No |
| Tax Annual Amount | 5454 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://listing.millcityteam.com/vt/3100_3106_W_50th_St.html |
| Days on Market | 302 |
| Standard Status | Active |
| Lender Owned | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Minneapolis |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Street Suffix | Street |
| Fuel | Natural Gas |
Exterior Features
| Parking Features | Assigned,Attached Garage,Garage Door Opener,Heated Garage,Underground |
|---|---|
| Lot Features | Public Transit (w/in 6 blks),Infill Lot,Tree Coverage - Light |
| Water Source | City Water/Connected |
| Inclusions | Building,Leases,Other |
| Lot Size Area | 0.25 |
| Building Area Total | 10000 |
| Lot Dimensions | .25 |
| Lot Size Units | Acres |
| Foundation Area | 10865 |
| Road Frontage Type | City Street |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 55410
Price
Taxes
Visits
Year Built
Walkscore
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 9, 2024 2:03 AM UTC
© 2024 Realtor Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this limited electronic display comes in part from the Broker Reciprocity (sm) Program of the Realtor Association of Southern Minnesota Multiple Listing Service. Real estate listings held by brokerage firms other then RE/MAX Advantage Plus are marked with the Broker Reciprocity(sm) logo or the Broker Reciprocity(sm) thumbnail logo (a little black house) and detailed information
West Central Association Of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
