$1,150,000
$1,195,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 03/03/2025
Key Details
Sold Price $1,150,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Ridgewood Add
MLS Listing ID 6625789
Sold Date 03/03/25
Year Built 1932
Annual Tax Amount $20,885
Tax Year 2024
Contingent None
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 89x146
Property Description
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.
Location
State MN
County Hennepin
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement Finished
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Concrete, Tuckunder Garage
Garage Spaces 4.0
Utilities Available Electric Separate, Heating Common, Hot Water Common
Present Use Bed & Breakfast,Professional/Office,Commercial,Office,Professional Service,Recreational,Residential,Bar/Tavern
Building
Lot Description Irregular Lot
Foundation 2138
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Stucco
Schools
School District Minneapolis
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