3100 - 3106 W 50th Street Minneapolis, MN ^$ 1,599,999

3100 - 3106 W 50th Street

^$ 1,599,999

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3100 - 3106 W 50th Street

Minneapolis, MN, 55410

^$ 1,599,999

Studio Baths0.0 Sq 10,000

Monthly Estimate*

^$ 11,176

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View a Virtual Tour

Studio

Commercial Property for sale in Minneapolis, MN

for $1,599,999. This 10,000 square foot building was built in 2005 on a lot size of 0.25.

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.

Commercial Active

Price

^$ 1,599,999

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,454

Style

Lot Size

0.25

Year Built

2005

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6370075

Features

General

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

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 N

Tax Annual Amount 5454

Additional Parcels Y/N N

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 %

Exterior

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

Interior

Basement (Y/N) N

Street Suffix Street

Fuel Natural Gas

Internal Only

Street Number 1 3100

* Excluded Features

List By

Coldwell Banker Realty

Broker

sandra.rieger@cbrealty.com

Affordability Calculator

$11,631

Per Month

Monthly Principal & Interest: $11,176
Monthly Property Taxes: $455
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Minneapolis, MN

Average List Price ^$1,139,433

Percent of Sale Price 29%

About Minneapolis, MN

417,625 Population

9% Since 2002

^$56,777 Median Income

35.08 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708364 Elementary School

708967 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$1,599,999	-3.03%	Price Down
11/5/2023	$1,650,000	-2.94%	Price Down
8/22/2023	$1,700,000	-10.53%	Price Down
6/7/2023	$1,900,000		Listed Price

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3100 - 3106 W 50th Street, Minneapolis, MN, 55410 is a Commercial Property for sale at $1,599,999 with 10,000 sqft and a lot size of 0.25. 3100 - 3106 W 50th Street is a studio with 0.0 baths and was built in 2005. The property's zip code is 55410 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is 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.

Data is updated as of 4/19/2024.

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3100 - 3106 W 50th Street

Commercial Property for sale in Minneapolis, MN

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