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2221 15th Avenue S Minneapolis, MN $ 699,900
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$ 699,900 Get more info
2221 15th Avenue S
$ 699,900
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Share Save

2221 15th Avenue S

Minneapolis, MN, 55404
$ 699,900
Baths0.0 Sq 6,206

Monthly Estimate*

$ 4,889

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Studio

Commercial Property for sale in Minneapolis, MN

for $699,900. This 6,206 square foot building was built in 1911 on a lot size of 0.17.

Unique opportunity to own nearly 1/4 city block in MPLS! Mixed-use building - currently 2 units on main floor rented by the same long term tenant $2400/month - steady & reliable income. They would prefer to stay. 2 Residential apartments above - 1BR apartment on north side is month to month - $750 (under market). Very large & unique studio apartment is owner occupied with 12 foot ceilings & large roof top deck shared with the other one bedroom apartment. Large unfinished space in the basement could be added as FSF to the commercial space or be turned into another unit. 4 car+ garage is currently used by the owners, but has been rented to neighbors/tenants in the past for additional income. Close date is flexible.

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Commercial Active

Price

$ 699,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,688

Style

Lot Size

0.17

Year Built

1911

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6476000
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate Hot Water Separate
Roof Flat Pitched Tar/Gravel
Garage Spaces 4
Construction Materials Brick/Stone
Year Built 1911
Tenant Pays Electricity Gas
Levels Two
Tax Year 2023
Current Use Commercial Residential
Gross Income 52200
Accessibility None
County Hennepin
Net Operating Income 41682
Insurance Expense 6300
Property Type Commercial Sale
Contingency None
Subdivision Name Eliots Add
Possible Use Office Professional Service Diversified Investment
Directions Bloomington Ave to 23th St west to 15th Ave S. Property is on the corner.
City Minneapolis
Buyer Agent Compensation 2.70
High School District Minneapolis
Zoning Description Business/Commercial Residential-Multi-Family
Total Units 4
Street Name 15th
Land Lease Y/N N
Tax Annual Amount 6688
Water Sewer Expense 1200
Additional Parcels Y/N N
Days on Market 27
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Full
Basement (Y/N) Y
Street Suffix Avenue
Fuel Natural Gas
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Exterior
Parking Features Detached Concrete Other
Lot Features Public Transit (w/in 6 blks) Corner Lot
Water Source City Water/Connected
Inclusions Building Land Leases
Lot Size Area 0.17
Building Area Total 6206
Lot Dimensions 56x134
Lot Size Units Acres
Foundation Area 3103
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 2221
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* Excluded Features
List By
Re/Max Results

Broker

marti@reidellestey.com

Email

Affordability Calculator

$5,446
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,889
Monthly Property Taxes
$557
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
3/27/2024$699,900 -3.46% Price Down
2/29/2024$725,000 Listed Price

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2221 15th Avenue S, Minneapolis, MN, 55404 is a Commercial Property for sale at $699,900 with 6,206 sqft and a lot size of 0.17. 2221 15th Avenue S is a studio with 0.0 baths and was built in 1911. The property's zip code is 55404 which is in Minneapolis, MN

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