8400 Minnetonka Boulevard Saint Louis Park, MN ^$ 5,250,000

8400 Minnetonka Boulevard

^$ 5,250,000

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8400 Minnetonka Boulevard

Saint Louis Park, MN, 55426

^$ 5,250,000

Studio Baths0.0 Sq 44,000

Monthly Estimate*

^$ 34,893

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Studio

Commercial Property for sale in Saint Louis Park, MN

for $5,250,000. This 44,000 square foot building was built in 1958 on a lot size of 1.74.

Fantastic 50-unit apartment property, which includes two 11-unit buildings, one 27-unit building and one SFH. The property is set on 1.74 acres and is adjacent to the Cedar Bike Trail. There has been significant development within a half mile of this property including the Texa-Tonka strip center and new apartment construction. There is an assumable loan with interest rate of 3.91% fixed to 2/2027.

Commercial Active

Price

^$ 5,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 85,625

Style

Apartment

Lot Size

1.74

Year Built

1958

Town/City

Saint Louis Park

County/Region

Hennepin

MLS | Web ID

6543961

Features

General

Sewer City Sewer/Connected

Heating Boiler Hot Water Radiator(s)

Cooling Wall Unit(s)

Utilities Electric Separate

Roof Asphalt

Appliances Range Refrigerator

Garage Spaces 0

Construction Materials Brick/Stone Stucco

Year Built 1958

Tenant Pays Electricity Gas Sewer Trash Collection

Levels Two

Property SubType Apartment

Tax Year 2024

Current Use Residential

Gross Income 697000

Accessibility None

Additional Parcels Description 0711721440101 0711721440100

County Hennepin

Property Type Commercial Sale

Association Amenities Patio

Contingency None

Subdivision Name Trailway Apartments

Directions Utilize Google Maps for Waze and input the property address.

City Saint Louis Park

Buyer Agent Compensation 1.75

High School District St. Louis Park

Zoning Description Residential-Multi-Family

NumberOfUnitsTotal 50

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 85625

Additional Parcels Y/N Y

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Crawl Space Finished

Basement (Y/N) Y

Foundation Dimensions 200X90

Fuel Natural Gas

Exterior

Parking Features Parking Lot

Lot Features Irregular Lot

Water Source City Water/Connected

Inclusions Building Land Leases

Lot Size Area 1.74

Building Area Total 44000

Lot Dimensions 75794

Foundation Area 18000

Internal Only

Street Number 1 8400

* Excluded Features

List By

Manarola Llc

Broker

alex@eigpm.com

Affordability Calculator

$42,029

Per Month

Monthly Principal & Interest: $34,893
Monthly Property Taxes: $7,135
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 6.99% 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 Saint Louis Park, MN

Average List Price ^$753,383

Percent of Sale Price 86%

About Saint Louis Park, MN

48,973 Population

11% Since 2002

^$71,674 Median Income

38.59 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709464 Elementary School

708491 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/29/2024	$5,250,000		Listed Price

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8400 Minnetonka Boulevard, Saint Louis Park, MN, 55426 is a Commercial Property for sale at $5,250,000 with 44,000 sqft and a lot size of 1.74. 8400 Minnetonka Boulevard is a studio with 0.0 baths and was built in 1958. The property's zip code is 55426 which is in Saint Louis Park, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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 6/22/2024.

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8400 Minnetonka Boulevard

Commercial Property for sale in Saint Louis Park, MN

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