3501 Penn Avenue N Minneapolis, MN $ 228,000
3501 Penn Avenue N
$ 228,000
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3501 Penn Avenue N

Minneapolis, MN, 55412
$ 228,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,575

3501 Penn Avenue N, Minneapolis, MN 55412 - Image 1
3501 Penn Avenue N, Minneapolis, MN 55412 - Image 2
3501 Penn Avenue N, Minneapolis, MN 55412 - Image 3
3501 Penn Avenue N, Minneapolis, MN 55412 - Image 4
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3501 Penn Avenue N, Minneapolis, MN 55412 - Image 6
3501 Penn Avenue N, Minneapolis, MN 55412 - Image 7

Commercial Property for sale in Minneapolis, MN

for $228,000. This building was built in 1922 on a lot size of 0.180005.

Fully occupied commercial investment opportunity in North Minneapolis. This property is in good condition with existing tenants already in place, offering an investor the opportunity to acquire an occupied income-producing asset. Put your money to work with a property where tenant income can help offset ownership costs while you build equity over time. Seller is also offering additional nearby properties, providing an opportunity to acquire multiple assets along the Penn Avenue corridor.

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Commercial Active

Price

$ 228,000

Property Type

Commercial

Taxes

$ 8,116

Style

Lot Size

0.180005

Year Built

1922

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7153508

Features
General
Sewer City Sewer - In Street
Heating Forced Air
Utilities Electric Separate
Garage Spaces 0
Year Built 1922
Tax Year 2026
Current Use Beauty/Barber Shop Professional Service
Accessibility None
County Hennepin
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Utopia
Directions Penn Ave N north of Lowry Ave N to home on west side of street.
City Minneapolis
High School District Minneapolis
Zoning Description Business/Commercial
Number Of Units Total 4
Lot Size Units Square Feet
Land Lease Y/N N
Tax Annual Amount 8116.56
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features On-Street Parking Only
Water Source City Water/Connected
Inclusions Building
Lot Size Area 7841
Lot Dimensions 60x129
Waterfront Y/N N
Foundation Area 3310
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Interior
Basement (Y/N) N
Fuel Natural Gas
Garage Square Feet 0
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Internal Only
Street Number 1 3501
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* Excluded Features
List By
Lpt Realty, Llc

Broker

Pdbrealty@gmail.com

Email

Affordability Calculator

$2,251
Per Month
70%
30%
0%
Monthly Principal & Interest
$1,575
Monthly Property Taxes
$676
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/12/2026$228,000 -15.24% Price Down
10/1/2026$269,000 Listed Price

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3501 Penn Avenue N, Minneapolis, MN, 55412 is a Commercial Property for sale at $228,000 with a lot size of 0.180005. 3501 Penn Avenue N was built in 1922. The property's zip code is 55412 which is in Minneapolis, MN