Address
212 Ridgewood Avenue, Minneapolis, MN
Price
$ 1,399,000
Property Attributes
- ID#6461134
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaRidgewood Add
- NeighborhoodRidgewood Add
- Zip55403
- Style
- Year Built1932
- Taxes$ 20779
- Price$ 1,399,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7550
- Lot Size10,019 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
9 Unit Mixed-Use For Sale with 3 apartments + 6 offices in the High Demand Loring Park/Lowry Hill area of Minneapolis. Great condition in and out with a strong rental history. Excellent opportunity for both the investor or owner/user. The 2nd level 6 offices have historically been rented to therapy/counseling uses, but were just vacated for an owner/user opportunity or investor to bring their own tenants. Unit Mix: (1) 3 bed/2 bath. (1) 2 bed/1 bath. (1) 1 bed/1 bath. (6) second level offices leased to therapists. 4 tuck under garage stalls in the rear. The first floor apartment has historically been used for an Airbnb. Built in 1932 with many updates over the years, especially in 2018-2020. 6,924 total square feet. The building sites on a double lot with 0.23 acres and is zoned UN2 Urban Neighborhood 2 District. Only being offered for sale as the Seller is an out of state investment owner with a focus in retail.
| Price History | |
|---|---|
| 11/17/2023 | Listed $1,450,000 |
| 1/23/2024 | 4% - $1,399,000 |
General Features
| Sewer | City Sewer/Connected |
|---|---|
| Heating | Boiler |
| Utilities | Electric Separate,Heating Common,Hot Water Common |
| Garage Spaces | 4 |
| Construction Materials | Stucco |
| Year Built | 1932 |
| Tenant Pays | Electricity |
| Tax Year | 2024 |
| Current Use | Bed & Breakfast,Professional/Office,Commercial,Office,Professional Service,Recreational,Residential,Bar/Tavern |
| Accessibility | None |
| County | Hennepin |
| Property Type | Commercial Sale |
| Contingency | None |
| Subdivision Name | Ridgewood Add |
| Directions | High Demanding Loring Park/Lowry Hill area |
| City | Minneapolis |
| Buyer Agent Compensation | 2.50 |
| High School District | Minneapolis |
| Zoning Description | Business/Commercial,Residential-Multi-Family |
| Total Units | 9 |
| Street Name | Ridgewood |
| Land Lease Y/N | No |
| Tax Annual Amount | 20779 |
| Additional Parcels Y/N | No |
| Days on Market | 75 |
| Standard Status | Active |
| Lender Owned | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Minneapolis |
Interior Features
| Basement | Finished |
|---|---|
| Basement (Y/N) | Yes |
| Street Suffix | Avenue |
| Fuel | Natural Gas |
Exterior Features
| Parking Features | Concrete,Tuckunder Garage |
|---|---|
| Lot Features | Irregular Lot |
| Water Source | City Water/Connected |
| Inclusions | Building,Land,Leases,Rental License |
| Lot Size Area | 0.23 |
| Building Area Total | 7550 |
| Lot Dimensions | 89x146 |
| Lot Size Units | Acres |
| Foundation Area | 2138 |
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 55403
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 3:14 AM UTC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than RE/MAX Advantage Plus are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
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© 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
