Tom Engel - Managing Broker

Tom Engel - Managing Broker

(763) 416-2423



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3854 Thomas Avenue N, Minneapolis, MN 55412

$445,000
MLS# 6705803
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Tom Engel - Managing Broker

Tom Engel - Managing Broker
Call: (763) 416-2423

STATUS: Contingent
PROPERTY TYPE: Commercial - Retail
SUBDIVISION: Thorpe Bros William Penn Add
SCHOOL: Minneapolis
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Property Description

Classic 1920s brick retail center in Victory neighborhood. Building has 5 units with a 14 space asphalt parking lot. Well-maintained building with newer forced-air furnaces in each unit and 4 of the 5 units have central air. Main floor units feature 9-10 ft ceiling height, separate front and back entrances, and some units have display windows. Property has a full basement with 8 ft ceiling height. Tenants pay their own heat/gas/electric. Four stable, long-term tenants occupy the 5 spaces. Buy as an investment opportunity or owner-occupy with your own business as space becomes available. Take advantage of the close proximity of Victory Memorial Drive and other thriving, local businesses and become a part of the growing Victory neighborhood business community.

3854 Thomas Avenue N | MLS# 6705803

This commercial property located at 3854 Thomas Avenue N, Minneapolis, MN 55412 is currently listed for sale with an asking price of $445,000. Thomas Avenue N is located within the Minneapolis school district. Search Minneapolis real estate on tengel.counselorrealty.com today.

Property Features

Property Type: Commercial - Retail
Basement: Yes
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.24 Acres
Roof Type: Flat, Rubber
Stories: 1.0
Taxes: $9,766
Year Built: 1926

Feature Descriptions

Basement: Block, Full, Single Tenant Access
Current Use: Professional/Office, Beauty/Barber Shop, Retail
Days on Site: 353
Exterior: Block, Brick, Frame
Foundation Size: 4150
Lot: Corner Lot
Lot Dimensions: 83x126.4
Owners Expense: Common Area Maintenance, Exterior Maintenance, Grounds Care, Repairs, Roof Maintenance, Sewer, Snow Removal, See Remarks, Taxes, Trash Collection, Water
Parcel#: 0502924410146
Parking: Asphalt, Parking Lot
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Sale Includes: Building, Land
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Gas, Heat
Units: 5
Utilities: Electric Separate, Heating Separate
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Shown By

Agent Name: Tom Engel - Managing Broker
Agent Phone: (763) 416-2423
Agency Title: Counselor Realty

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