1515 Central Avenue NE Minneapolis, MN ^$ 8,500,000

1515 Central Avenue NE

^$ 8,500,000

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1515 Central Avenue NE

Minneapolis, MN, 55413

^$ 8,500,000

Studio Baths0.0 Sq 71,353

Monthly Estimate*

^$ 59,375

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Studio

Commercial Property for sale in Minneapolis, MN

for $8,500,000. This 71,353 square foot building was built in 1928 on a lot size of 5.72.

Commercial Active

Price

^$ 8,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 180,782

Style

Lot Size

5.72

Year Built

1928

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6476810

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Separate Heating Separate

Garage Spaces 0

Construction Materials Brick/Stone

Year Built 1928

Tax Year 2023

Current Use Commercial

Accessibility Other

County Hennepin

Property Type Commercial Sale

Contingency None

Subdivision Name Registered Land Surv 1375 Trac

Directions Broadway Street NE to Central Avenue NE. Property will be on the right.

City Minneapolis

Buyer Agent Compensation 2.70

High School District Minneapolis

Zoning Description Industrial

Total Units 1

Street Name Central

Land Lease Y/N N

Tax Annual Amount 180782

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Open

Water Source City Water/Connected

Inclusions Building Land Leases

Lot Size Area 5.72

Building Area Total 71353

Lot Dimensions Irregular

Lot Size Units Acres

Foundation Area 71353

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Natural Gas

Internal Only

Street Number 1 1515

* Excluded Features

List By

Newmark Knight Frank

Broker

Dan.Friedner@nmrk.com

Affordability Calculator

$74,440

Per Month

Monthly Principal & Interest: $59,375
Monthly Property Taxes: $15,065
Monthly Home Insurance: --

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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 ^$1,092,390

Percent of Sale Price 87%

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
1/12/2024	$8,500,000		Listed Price

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1515 Central Avenue NE, Minneapolis, MN, 55413 is a Commercial Property for sale at $8,500,000 with 71,353 sqft and a lot size of 5.72. 1515 Central Avenue NE is a studio with 0.0 baths and was built in 1928. The property's zip code is 55413 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 4/27/2024.

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1515 Central Avenue NE

Commercial Property for sale in Minneapolis, MN

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