Anand Prashad, Broker
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612 University Avenue Se, Minneapolis, MN 55414

$1,100,000
MLS# 7127269
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Anand Prashad, Broker

Anand Prashad, Broker
Call: (612) 790-6080

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Saint Anthony Falls
SCHOOL: Minneapolis
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Property Description

Seller is open to creative financing options, including financing some or all of the buyer's down payment. Flexible terms and structures will be considered for a qualified buyer.All five units are currently leased, generating immediate income. Unit #101 is leased month-to-month, offering the potential for owner occupancy or repositioning while maintaining stable cash flow from the remaining units.New roof (2018), all-new HVAC systems (2023?2026), new lobby flooring (2025), and new tenant storage lockers (2025) reduce near-term capital expenditure needs.Estimated market rents indicate approximately $29,196 in additional annual rental income (+29.2%). Three units have already been renovated, one is partially updated, and one remains in originalcondition, providing a clear path to increased cash flow and value.Buyer and Buyer's Agent to verify square footage.

612 University Avenue Se | MLS# 7127269

This commercial property located at 612 University Avenue Se, Minneapolis, MN 55414 is currently listed for sale with an asking price of $1,100,000. University Avenue Se is located within the Minneapolis school district. Search Minneapolis real estate on aprashad.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.29 Acres
Roof Type: Age Over 8 Years, Asphalt
Stories: 2.0
Taxes: $22,011
Year Built: 2000

Feature Descriptions

Appliances: Dishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances
Basement: None
Current Use: Residential
Days on Site: 19
Exterior: Block, Concrete, Frame
Foundation Size: 1
Lot: Public Transit (w/in 6 blks)
Lot Dimensions: 76x165
Owners Expense: Electricity, Exterior Maintenance, Grounds Care, HVAC Maintenance, Janitorial Service, Repairs, Management, Pest Control, Roof Maintenance, Sewer, Snow Removal, Trash Collection, Water
Parcel#: 2402924320087
Parking: Off Site, Paved Lot
Road Frontage: Sidewalks
Sale Includes: Building, Fixture/Equipment, Inventory, Leases, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV, Electricity, Gas, Heat
Units: 5
Utilities: Electric Separate
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Fuze Real Estate
Agency Phone: 612-867-0001

Shown By

Agent Name: Anand Prashad, Broker
Agent Phone: (612) 790-6080
Agency Title: Counselor Realty

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