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3501 Hiawatha Ave
82,410 SF Industrial Building Minneapolis, MN 55406 $506,275 CAD ($6 CAD/SF)
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INVESTMENT HIGHLIGHTS
- Redevelopment opportunity. City will support multi-family development at this site. Full block development site of 2.4 acres.
- On Hiawatha Avenue between downtown Minneapolis and Minneapolis/St. Paul International Airport.
- The 38th Street Light Rail Transit (LRT) Station is 2 blocks south of this site.
- The site is zoned I2, with an IL, Industrial Living, overlay.
FINANCIAL SUMMARY (ACTUAL - 2021) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
-
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-
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$39,497
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$0.48
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Net Operating Income |
-
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-
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FINANCIAL SUMMARY (ACTUAL - 2021)
Gross Rental Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $39,497 |
Annual Per SF | $0.48 |
Net Operating Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
PROPERTY FACTS
Price | $506,275 CAD | Rentable Building Area | 82,410 SF |
Price Per SF | $6 CAD | No. Stories | 1 |
Sale Type | Investment or Owner User | Year Built | 1914 |
Property Type | Industrial | Tenancy | Single |
Property Subtype | Warehouse | Parking Ratio | 0.36/1,000 SF |
Building Class | C | No. Dock-High Doors/Loading | 1 |
Lot Size | 2.38 AC |
Price | $506,275 CAD |
Price Per SF | $6 CAD |
Sale Type | Investment or Owner User |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Lot Size | 2.38 AC |
Rentable Building Area | 82,410 SF |
No. Stories | 1 |
Year Built | 1914 |
Tenancy | Single |
Parking Ratio | 0.36/1,000 SF |
No. Dock-High Doors/Loading | 1 |
AMENITIES
- Bus Line
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Manufacturing
- 45,377 SF
- -
- -
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TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Manufacturing | 45,377 SF | - | - |
PROPERTY TAXES
Parcel Number | 01-028-24-41-0142 | Improvements Assessment | $108,499 CAD (2023) |
Land Assessment | $1,150,801 CAD (2023) | Total Assessment | $1,259,300 CAD (2023) |
PROPERTY TAXES
ZONING
Zoning Code | I2 |
I2 |
Presented by
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3501 Hiawatha Ave
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