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401 Royalston Avenue Minneapolis, MN $ 4,000,000
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$ 4,000,000 Get more info
401 Royalston Avenue
$ 4,000,000
Back to search
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401 Royalston Avenue

Minneapolis, MN, 55405
$ 4,000,000
Baths0.0 Sq 38,695

Monthly Estimate*

$ 27,941

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401 Royalston Avenue, Minneapolis, MN 55405 - Image 11
Studio

Commercial Property for sale in Minneapolis, MN

for $4,000,000. This 38,695 square foot building was built in 1961 on a lot size of 2.07.

Ideal owner/occupant industrial facility located near Target Field, the Mpls Farmer's Market and International Market Square. Interior is a blank canvas and flexible for manufacturing, storage & distribution. Multiple drive-in doors on both the front and rear of the property allow for vehicles to drive through the property. Interior ramps located in rear of building provide covered delivery space. New green line light rail stop being built with station adjacent to the property. City of Mpls 2040 plan guidance supports up to a 30 unit mixed-use property if the site were to be redeveloped. Approx 65 surface parking spots. Restrooms located in both office and warehouse space.

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Commercial Active

Price

$ 4,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 110,052

Style

Industrial

Lot Size

2.07

Year Built

1961

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6443571
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Common Heating Common
Garage Spaces 7
Construction Materials Brick/Stone
Year Built 1961
Property SubType Industrial
Tax Year 2022
Current Use Industrial Manufacturing Storage Facility Warehouse
Accessibility None
County Hennepin
Property Type Commercial Sale
Contingency None
Subdivision Name Glenwood Renewal Sub 2
Directions Take Glenwood Ave left on Royalston Ave building is on the left.
City Minneapolis
Buyer Agent Compensation 3.00
High School District Minneapolis
Zoning Description Industrial
Total Units 1
Street Name Royalston
Land Lease Y/N N
Tax Annual Amount 110052
Additional Parcels Y/N N
Days on Market 13
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Attached Garage Multiple Garages Open Lot Parking Lot Paved
Water Source City Water/Connected
Inclusions Building Land Leases
Lot Size Area 2.07
Building Area Total 38695
Lot Dimensions 185 x 486
Lot Size Units Acres
Foundation Area 38695
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Interior
Basement (Y/N) N
Street Suffix Avenue
Fuel Natural Gas
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Internal Only
Street Number 1 401
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* Excluded Features
List By
Gold Group Realty, Llc

Broker

aaron@thegold.group

Email

Affordability Calculator

$37,112
Per Month
75%
25%
0%
Monthly Principal & Interest
$27,941
Monthly Property Taxes
$9,171
Monthly 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
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/4/2023$4,000,000 Listed Price

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401 Royalston Avenue, Minneapolis, MN, 55405 is a Commercial Property for sale at $4,000,000 with 38,695 sqft and a lot size of 2.07. 401 Royalston Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 55405 which is in Minneapolis, MN

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