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Active NEW!
$1,499,900
/mo Edit
Commercial:  Apartments/Retail
Built 1907
0.11 acres
Minneapolis schools
MLS# 6747449
My rating:
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    Property Description

    Business Opportunity for Retail and Housing. Unit 1 of 5 is a Full functioning Restaurant (able to change vendors) and FOUR (4) Apartments above it, One 3 Bedroom, Two 2 Bedroom and one 1 Bedroom. Cash flow with housing at $5000-6000 monthly AND Owner User Restaurant or Cash Flow the Vendor running the restaurant. Popular location for locals to eat and gather and housing for Tenants and/or workers in the Restaurant. Restaurant seats over 85, perhaps 100 based on layout. Fully Functioning Restaurant and accessories can be included, including full Kitchen, Coolers, etc. High Ceilings on the Main and Throughout the Apartments. Call to schedule a Private showing.

    Listing

    Contingency: None
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55407
    Neighborhood/Area: East Phillips
    Subdivision Name: Heatons Add

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 2
    Foundation Size: 4,268 ft2
    Foundation Dimensions: 65.34 x 65.34
    Handicap Accessible: Doors 36"+
    Heating System: Boiler
    Parking Features: Paved
    Exterior Material: Brick Veneer
    Roof Details: Tar/Gravel

    Lot & Land

    Acres: 0.11
    Geolocation: 44.948609, -93.252261
    Inclusions: Building, Fixture/Equipment, Leases
    Lot Dimensions: 96 x 45
    Zoning:
    • Business/Commercial
    • Other
    • Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $32,791
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $45,372

    Units

    Total Units: 5

    Miscellaneous

    Current Use:
    • Residential
    • Restaurant
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: City Water/Connected

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    Listing provided by RMLS, courtesy of Real Estate Solutions MN & WI.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.