800 42nd Avenue N, Minneapolis

$845,000

0 Beds
0 Baths
.3 Acres
0 Garages

NN lease. 9.3 CAP. Thriving, essential, and extremely solid tenant. Annual gross $86,750. The current lease expires in October 2026 with a 5-year renewal. Sale includes the parking lot next door PID: 0402924110068. Owners' expense is base property taxes from 2016. 13 car off-street parking. Solid income with 9.3 CAP. No maintenance or management needed. New furnace units, 4 bathrooms, security wired, vending machines, 18 offices, central AC, 2 kitchens, meeting areas, break rooms, clean/dry, well maintained, well-secured office space with long term tenant.

Essential Information
MLS® #5568157
Price$845,000
Acres0.30
Year Built1937
TypeCommercial Sale
Sub-TypeOffice
StyleOffice
StatusActive
Community Information
Address800 42nd Avenue N
AreaWebber - Camden
SubdivisionWiethoffs Rgt
CityMinneapolis
CountyHennepin
StateMN
Zip Code55412
Amenities
GaragesAsphalt
Interior
AppliancesDishwasher,Refrigerator
HeatingForced Air
CoolingCentral Air
Exterior
RoofAsphalt
ConstructionBrick/Stone,Aluminum Siding
Additional Information
Days on Market14
ZoningBusiness/Commercial
Listing Details
OfficeGramercy Real Estate Group
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Listing information last updated on June 2nd, 2020 at 12:28am CDT.