212 Ridgewood Avenue Minneapolis, MN $ 1,195,000
212 Ridgewood Avenue
$ 1,195,000
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212 Ridgewood Avenue

Minneapolis, MN, 55403
$ 1,195,000
Bedrooms-- Baths-- Sq 7,550

Monthly Estimate*

$ 7,157

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Commercial Property for sale in Minneapolis, MN

for $1,195,000. This 7,550 square foot building was built in 1932 on a lot size of 0.23.

Another Reduction – Motivated Seller! 2nd level offices can easily be converted to multifamily. 9 Unit Mixed-Use For Sale with 3 apartments + 6 offices in the High Demand Loring Park/Lowry Hill. Great condition in and out with a strong rental history. Excellent opportunity for both the investor or owner/user. The 2nd level 6 offices have historically been rented to therapy/counseling uses, but were just vacated for an owner/user opportunity or investor to bring their own tenants. Unit Mix: (1) 3 bed/2 bath. (1) 2 bed/1 bath. (1) 1 bed/1 bath. (6) second level offices leased to therapists. 4 tuck under garage stalls in the rear. The first floor apartment has historically been used for an Airbnb. Built in 1932 with many updates over the years, especially in 2018-2020. 6,924 total square feet. The building sites on a double lot with 0.23 acres and is zoned UN2 Urban Neighborhood 2 District. Only being offered for sale as the Seller is an out of state owner with a focus in retail.

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Commercial Active

Price

$ 1,195,000

Property Type

Commercial

Taxes

$ 20,885

Style

Apartment,Low Rise,Office

Lot Size

0.23

Year Built

1932

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6625789

Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Separate Heating Common Hot Water Common
Garage Spaces 4
Construction Materials Stucco
Year Built 1932
Tenant Pays Electricity
PropertySubType Apartment Low Rise Office
Tax Year 2024
Current Use Bed & Breakfast Professional/Office Commercial Office Professional Service Recreational Residential Bar/Tavern
Accessibility None
County Hennepin
Property Type Commercial Sale
Contingency None
Subdivision Name Ridgewood Add
Directions High Demanding Loring Park/Lowry Hill area
City Minneapolis
High School District Minneapolis
Zoning Description Business/Commercial Residential-Multi-Family
NumberOfUnitsTotal 9
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 20885
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Finished
Basement (Y/N) Y
Fuel Natural Gas
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Exterior
Parking Features Concrete Tuckunder Garage
Lot Features Irregular Lot
Water Source City Water/Connected
Inclusions Building Land Leases Rental License
Lot Size Area 0.23
Building Area Total 7550
Lot Dimensions 89x146
Foundation Area 2138
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Internal Only
Street Number 1 212
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* Excluded Features
List By
Re/Max Results

Broker

mark@resultscommercial.com

Email

Affordability Calculator

$8,897
Per Month
80%
20%
0%
Monthly Principal & Interest
$7,157
Monthly Property Taxes
$1,740
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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
Pricing History
DatePricePrice ChangeDescription
10/31/2024$1,195,000 Listed Price

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212 Ridgewood Avenue, Minneapolis, MN, 55403 is a Commercial Property for sale at $1,195,000 with 7,550 sqft and a lot size of 0.23. 212 Ridgewood Avenue was built in 1932. The property's zip code is 55403 which is in Minneapolis, MN