2200-2204 Hennepin Ave - Apartments FOR SALE
Minneapolis, MN 55405 |
$2,350,000 USD
612-332-6600
2200-2204 Hennepin Ave
Minneapolis, MN 55405
HIGHLIGHTS
- Gorgeous Mixed-Use property fully leased to Specs Optical, Tao Organic Café + Herbery, and 8 Multi-Family Apartment Units.
- Located in the coveted Lowry Hill neighborhood of Minneapolis. The Lowry Hill neighborhood is ranked the #2 Best Neighborhood to Live in Minneapolis.
- Tao has been a tenant for 50 years and Specs Optical has been a tenant for 26 years.
- This property is located near I-94 where traffic counts average 162,177 vehicles per day. Nearby retailers include Starbucks, The Lowry, & more.
- Excellent demographics with a 5-mile average household income of $114,997 and 5-mile population of 504,289.
- Eight 1 bedroom, 1 bathroom apartment units with 9 foot ceilings, hardwood & tile floors, 6 foot windows, and claw foot bathtubs.
FOR SALE DETAILS
PRICE
$2,350,000 USD
PRICE/SF
$212 USD /SF
# OF UNITS
8
PRICE/UNIT
$293,750
CAP RATE
6.52%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Flats @ Lowry Hill
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1912
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.25 AC
LAND SF
10,890 SF
ZONING
C1
APN/PARCEL ID
33-029-24-12-0188
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612-332-6600
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612-332-6600
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