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1120 Lowry Avenue N

Minneapolis, MN 55411
  • $2,490,000
  • STATUS: Active
  • ON SITE: 202 Days
  • ID#: 5759456
$2,490,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,582
    SQFT
  • $328
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2014
County:
Area:

School Ratings & Info

School District:
Listing courtesy of 10,000 Homes Llc.

Description

100% occupied North Minneapolis 10 unit mixed-use investment opportunity! Five street level retail, Two street level restaurant, Two - 1 bedroom Apartments, One - 2 bedroom Apartment. Corner portion of the building Emerson & Lowry built in 2014. Storefronts along Lowry built in 1968. New electric, new gas lines.

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IDX data © 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pomerleau Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pomerleau Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pomerleau Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2021-12-07T00:24:26.087.

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1120 Lowry Avenue N Minneapolis, MN 55411

  • Price: $2,490,000
  • Status: Active
  • On Site: 202 Days
  • ID#: 5759456
0
Beds
0
Baths
0
½ Baths
0.25
Acres
7,582
SQFT
$328
$/SQFT
2014
Built
Neighborhood:
Silver Lake Add
County:
Hennepin
Area:
Folwell
School District:
1 - Minneapolis
Property Description
100% occupied North Minneapolis 10 unit mixed-use investment opportunity! Five street level retail, Two street level restaurant, Two - 1 bedroom Apartments, One - 2 bedroom Apartment. Corner portion of the building Emerson & Lowry built in 2014. Storefronts along Lowry built in 1968. New electric, new gas lines.
Exterior Features

Construction Materials Brick/StoneStucco Foundation Area 4496 Lot Features Public Transit (W/In 6 Blks)Corner Lot Lot Size Dimensions 88 X 127 Parking Features AsphaltOpen Parking Open 8 Road Frontage Type City Street Roof FlatRubber Waterfront YN No

Interior Features

Basement FullUnfinished Cooling Central Air Heating Forced Air Sq Ft Finished Building 7582

Property Features

Accessibility Features No Stairs External Additional Parcels YN No Assessment Pending No Contingency None Current Use ResidentialBeauty/Barber ShopRestaurantCommercialRetail Electric Expense 17160 Expenses 55489.00 Foreclosure Status No Fuel Natural Gas Fuel Expense 7200 Gross Income 190620 Inclusions BuildingLandLeases Insurance Expense 7500 Land Lease Amount 0 Lender Owned No Net Operating Income 135130 Owner Pays Trash CollectionSnow Removal Postal City Minneapolis Potential Short Sale No Property Sub Type Mixed Use Rental License Type Standard Rental License YN Yes Sewer City Sewer/Connected Tax Annual Amount 15168 Tax With Assessments 15168.00 Tax Year 2020 Tenant Pays WaterElectricityFuel Trash Expense 5580 Unit Type Efficiencies1 Bedroom2 Bedroom3 BedroomOne RoomTwo RoomThree RoomFour RoomFive RoomSix RoomSeven Room Utilities Electric Separate Water Sewer Expense 3120 Water Source City Water/Connected Zoning Description Residential-Multi-FamilyBusiness/Commercial

© 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of 10,000 Homes Llc. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pomerleau Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pomerleau Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pomerleau Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2021-12-07T00:24:26.087.

Click here for Digital Millennium Copyright Act
 
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The Pomerleau Team
11671 Fountains Drive, Suite 200
Maple Grove MN, 55369
Listing courtesy of 10,000 Homes Llc.