3338 SE University Ave - Storefront Retail/Office FOR SALE


Minneapolis, MN 55414- Prospect Park
$2,300,000 USD
612-978-3257
3338 SE University Ave, Minneapolis, MN for Sale
$2,300,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

3338 SE University Ave
Minneapolis, MN 55414
Prospect Park


HIGHLIGHTS

  • Historic brick and concrete building
  • Huge windows
  • 20 parking stalls behind property
  • Excellent location and close to transportation
  • Located near dining options and entertainment as well as Tower Hill Park
  • Existing tenants and cash flow

OVERVIEW

Previously the "Furniture Mart" and now known as "Art & Architecture" the building was built in 1919 and consists of 43,000 SF of mostly open, flexible spaces with huge windows. Located in the heart of the vibrant Prospect Park neighborhood of Southeast Minneapolis, this property has multiple convenient transportation options including bike, car, bus, and is across the street from the METRO Green Line light rail. It is a two-minute walk to the LRT station. Tower Hill Park is located one block to the north, offering some of the best views of Downtown Minneapolis. Other neighborhood amenities include Surly Brewing, The Market at Malcolm Yards, Fresh Thyme, Spire Credit Union, O'Shaughnessy Distillery, and multiple coffee shops including Bordertown, Dogwood, Caribou and Workhorse Coffee Bar. The location is convenient to the University of MN campus and Dinkytown and to both downtowns.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Art & Architecture Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,800 SF

ZONING

CBFT10/C3A/UA

APN/PARCEL ID

30-029-23-41-0024

ASK ABOUT THIS PROPERTY

Eddie LandenbergerAssemblyMore Info
612-978-3257

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Eddie LandenbergerAssemblyMore Info
612-978-3257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.