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3116 Emerson Avenue N Minneapolis, MN $ 460,000
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3116 Emerson Avenue N
$ 460,000
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3116 Emerson Avenue N

Minneapolis, MN, 55411
$ 460,000
Baths0.0 Sq 7,167

Monthly Estimate*

$ 3,057

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Studio

Commercial Property for sale in Minneapolis, MN

for $460,000. This 7,167 square foot building was built in 1907 on a lot size of 0.15.

Commercial property with 6 units total. Great cash-flowing asset for an investor to add to their portfolio. Four residential units and two commercial spaces. Long term commercial and residential tenants. Partially finished basement currently being used for office and storage space for commercial tenants. Lot with plenty of parking behind the building. Current cash flow is $60,000 per year if rents brought up to market value could yield around $80,000.

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Commercial Active

Price

$ 460,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,246

Style

Mixed Use

Lot Size

0.15

Year Built

1907

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6547394
Features
General
Sewer City Sewer/Connected
Heating Hot Water
Utilities Electric Separate
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1907
Property SubType Mixed Use
Tax Year 2023
Current Use Beauty/Barber Shop Church Residential
Gross Income 60840
Accessibility None
County Hennepin
Property Type Commercial Sale
Contingency None
Subdivision Name Silver Lake Add
Directions On the corner of Lowery and Emerson
City Minneapolis
Buyer Agent Compensation 2.00
High School District Minneapolis
Zoning Description Business/Commercial
NumberOfUnitsTotal 6
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 5246
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Open
Water Source City Water/Connected
Inclusions Building Inventory Land Leases
Lot Size Area 0.15
Building Area Total 7167
Lot Dimensions 52x127
Foundation Area 2553
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Interior
Basement (Y/N) N
Fuel Natural Gas
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Internal Only
Street Number 1 3116
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* Excluded Features
List By
Coldwell Banker Realty

Broker

james.faillettaz@cbrealty.com

Email

Affordability Calculator

$3,494
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,057
Monthly Property Taxes
$437
Monthly 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
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/12/2024$460,000 Listed Price

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3116 Emerson Avenue N, Minneapolis, MN, 55411 is a Commercial Property for sale at $460,000 with 7,167 sqft and a lot size of 0.15. 3116 Emerson Avenue N is a studio with 0.0 baths and was built in 1907. The property's zip code is 55411 which is in Minneapolis, MN

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