1402 S 1st Avenue
Minneapolis, MN 55403
MLS #4886149

Commercial
  • 0.22acres
$1,200,000
Est. P&I payment: $4583.19/mo
1402 S 1st Avenue, Minneapolis, MN 55403
  • 1402 S 1st Avenue, Minneapolis, MN 55403 Photo 1
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Description for 1402 S 1st Avenue, Minneapolis, MN 55403
Long term entrenched Tenant used for successful multi-restaurant chain's commissary & bakery. Primo Location; across the street from West side of Conv. Center. Lower level has high ceilings and has multiple uses. Brick and window exterior. Good development site. Seller Finance Terms.
MLS #4886149
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My Notes for MLS #4886149

General Features

  • Acres: 0.22
  • Current Use: Food Service,​Business Service,​Industrial,​Commercial,​Other
  • Foreclosure Status: No
  • Year Built: 1952
  • Sale Includes: Business,​Land,​Leases
  • Total Number of Units: 1
  • Status: Active

Exterior Features

  • Exterior: Brick/Stone
  • Parking Characteristics: Driveway - Asphalt,​Driveway - Shared,​On-Street Parking Only
  • Road Frontage: City,​Paved Streets,​Curbs,​Sidewalks
  • Lot Description: Corner Lot
  • Lot Dimensions: 70x140
  • Other Parking Spaces: 8

Interior Features

  • Building Finished Square: 12,000
  • Handicap Accessible: Raised Outlets,​Elevator,​Doors 36"+
  • Basement: Partial,​Partial Finished
  • Roof: Flat,​Age Over 8 Years,​Rubber

Utilities Features

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

Financial Features

  • Tenant Expenses: Taxes,​Insurance,​Water/Sewer,​Electric,​Fuel,​Maintenance/Repair,​Janitorial,​Trash,​Snow,​Lawn,​Other
  • Tax Amount: 24,123
  • Tax With Assessments: 24,737
  • Tax Year: 2017
  • Annual Gross Income: 60,000

Community Features

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

School Features

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

Misc Features

  • Foundation Size: 7,000
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 1402 S 1st Avenue, Minneapolis, MN 55403
Across the street of the West side of MPLS Convention center.
The listing information for 1402 S 1st Avenue, Minneapolis, MN 55403 was graciously provided by our friends at the listing brokerage, Edina Realty, Inc.

Get Financing for 1402 S 1st Avenue, Minneapolis, MN 55403

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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($ or %)
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P&I Payment $4583.19
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Last Updated 11/19/2017 at 2:38am
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