2427 2nd St NE 5,354 SF 100% Leased Retail Building Minneapolis, MN 55418 $1,103,031 CAD ($206.02 CAD/SF)
EXECUTIVE SUMMARY
200 Lowry Avenue NE is located in a prime location in the heart of the Northeast Arts District. Situated on the corner of Lowry Ave NE and Second Street NE, the property offers tremendous visibility. The building is 5,354 SF, situated on 0.16 Acres with an adjacent small parking lot. The property and site are well suited for restauration (retail and/or restaurant) or ground-up redevelopment. The property’s CM2 zoning allows for small, moderate and large-scale commercial uses while Mixed-use multistory development is encouraged. SAC/WAC Fees have been paid.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,354 SF
Building Class
C
Year Built
1910
Price
$1,103,031 CAD
Price Per SF
$206.02 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.16 AC
Zoning
CM2 - CM2 zoning allows for small, moderate, and large-scale commercial uses, while mixed-use multi-story development is encouraged.
Parking
4 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signalized Intersection
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-029-24-32-0034 | Improvements Assessment | $558,198 CAD |
| Land Assessment | $159,546 CAD | Total Assessment | $717,744 CAD |
CONTACT
-
Sabine Shea - Assembly
