For Sale: Minneapolis MLS# 7146199
Active
$1,350,000
Commercial: Other
1 br • 4 ba • Built 1877
0.08 acres
Minneapolis schools
MLS# 7146199
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Property Description
Rare North Loop mixed-use opportunity with income, character & incredible flexibility! Own a piece of history in this distinctive 1877 building featuring authentic loft character and an unbeatable urban location. The 1, 760 SF main level is leased to a long-term retail tenant with 20 years of occupancy and $50, 000+ in gross annual rent, while the tenant pays utilities and other expenses. Upper levels offer exceptional flexibility for additional rental income, creative workspace, or an owner-occupied live/work arrangement. The second level features a spacious open studio, hardwood floors, two darkrooms, office, bath and abundant storage. The third level delivers true loft living with an island kitchen, bedroom, office, storage, full bath plus additional space above. Enjoy city views from decks off levels two and three. Exposed brick, soaring beamed ceilings, hardwood floors and rich woodwork create a one-of-a-kind atmosphere. Walk to restaurants, Twins games, entertainment and everything the vibrant North Loop has to offer. A rare opportunity to combine established rental income with a remarkable live/work or investment property in one of Minneapolis' most sought-after neighborhoods.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,350,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1877
State:
MN
Property Style:
Other
Zip Code:
55401
Neighborhood/Area:
19
Subdivision Name:
Town Of Minneapolis
Interior
Bedrooms:
1
Bathrooms:
4
Ceiling Height:
11-15
Flooring:
Wood
Refrigerators:
None
Appliances Included:
- Cooktop
- Dishwasher
- Disposal
- Gas Water Heater
- Microwave
- Range
- Refrigerator
Basement Details:
- Egress Window(s)
- Storage Space
- Unfinished
Exterior
Stories:
Three Or More
Garage Spaces:
2
Air Conditioning:
Central Air, Zoned
Foundation Size:
1,760 ft2
Foundation Dimensions:
20x80
Fencing:
Other
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Paved Lot
Unit Amenities:
- Balcony
- Ceiling Fan(s)
- Deck
- Hardwood Floors
- Intercom System
- Kitchen Center Island
- Kitchen Window
- Natural Woodwork
- Panoramic View
- Primary Bedroom Walk-In Closet
- Security System
- Skylight
- Tennis Court
- Vaulted Ceiling(s)
- Washer/Dryer Hookup
Road Frontage:
City Street
Exterior Material:
- Block
- Stone
Pool:
None
Roof Details:
- Age 8 Years or Less
- Flat
Rooms
Shared Rooms:
Other
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.08
Geolocation:
44.983802, -93.272199
Inclusions:
Building, Fixture/Equipment, Leases
Lot Dimensions:
22 x 162
Zoning:
Business/Commercial
Lot Description:
- Public Transit (w/in 6 blks)
- Zero Lot Line
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$795
Annual Fuel Expense:
$994
Annual Insurance Expense:
$7,000
Annual Maintenance Expense:
$500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Fuel, Gas, Heat, Hot Water, HVAC Maintenance, Insurance, Maintenance, Telephone, Repairs, Security
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$27,272
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$27,272
Income
Annual Gross Income:
$50,400
Rent
Annual Net Income:
$18,585
Units
Total Units:
2
Miscellaneous
Current Use:
Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Compass.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.