MN > Minneapolis
Minneapolis, MN 55408,2938 Emerson AVE S #2930 Emerson No.'s 101 & 102; plus 1201, 1203, & 1
Minneapolis, MN 55408,2938 Emerson AVE S #2930 Emerson No.'s 101 & 102; plus 1201, 1203, & 1
Minneapolis, MN 55408,2938 Emerson AVE S #2930 Emerson No.'s 101 & 102; plus 1201, 1203, & 1
Minneapolis, MN 55408,2938 Emerson AVE S #2930 Emerson No.'s 101 & 102; plus 1201, 1203, & 1
Minneapolis, MN 55408,2938 Emerson AVE S #2930 Emerson No.'s 101 & 102; plus 1201, 1203, & 1
Minneapolis, MN 55408,2938 Emerson AVE S #2930 Emerson No.'s 101 & 102; plus 1201, 1203, & 1
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 2,250,000
Est. payment | /mo

0.54 Acres Lot

Save
$ 2,250,000
Est. payment | /mo
Save

0.54 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6686113

Year Built 2007

Annual Tax Amount $78,350

Tax Year 2024

Contingent None

Lot Size 0.540 Acres

Acres 0.54

Lot Dimensions 114.5 x 114.5

Property Sub-Type Mixed Use

Property Description

Offering the entire main floor of the Lumen On Lagoon condo building; 13,099 SF of retail space consisting of 5 total units and all 3 PID's; 33-029-24 43 0144, 33-029-24 43 0146, 33-029-24 43 0148. Long term lease in place with CorePower Yoga for over 36% of the building (+ other tenants). Cap rate of 7.82% based on in-place income. ProForma Cap rate once fully leased is over 14%. Incredible value-add or owner-user investment opportunity in outstanding Uptown location, priced to move. Financials available- contact agent.

Location

State MN

County Hennepin

Zoning Business/Commercial

Interior

Heating Forced Air

Inclusions Building, Leases

Fireplace No

Exterior

Parking Features On-Street Parking Only, More Parking Offsite for Fee

Utilities Available Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate

Present Use Commercial,Professional Service,Retail

Building

Foundation 114

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Other

Schools

School District Minneapolis

Listed by Edward (Ted) LaFave • Grand Real Estate Advisors
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

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2938 Emerson AVE S #2930 Emerson No.'s 101 & 102; plus 1201, 1203, & 1