1720 Glenwood Ave
- • 15,813 SF freestanding mixed use building in Minneapolis
- • 8 residential units including seven 2-bedroom units and one 3 bedroom unit
- • Two commercial spaces including Milda’s Cafe and flexible open concept space with overhead drive-in door
- • Separately metered gas and electric with central heating and air conditioning
- • Rear parking lot with 7 parking spaces plus street parking
- • Value add opportunity located along the growing Glenwood Avenue corridor in the Harrison Neighborhood adjacent to Bryn Mawr and downtown Minneapolis
Property Description
This property presents an opportunity for investors seeking a value add asset with both residential and commercial components. the residential units are naturally occurring affordable housing units with some vacancies, and can be renovated and rented with the potential of a fully stabilized cash flowing asset. Located along the growing Glenwood Avenue corridor in Minneapolis, this mixed use investment opportunity offers long term upside in the evolving urban Harrison neighborhood adjacent to Bryn Mawr and near downtown Minneapolis. The property consists of 8 residential units, including seven 2-bedroom units and one 3-bedroom unit, along with two main level retail spaces - a restaurant and an open space with an overhead drive in door providing flexibility for a variety of commercial uses. Commercial spaces include Milda’s Cafe and an additional flexible space known as The Living Room, featuring an open layout, kitchenette, and an overhead drive-in door suitable for a variety of uses. Additional features include separately metered gas and electric, central heating and air conditioning, shared laundry facilities on each residential level, rear off-street parking, and a lower level basement space with future potential for storage income. Contact us today for additional information or to schedule a private tour.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $875,000 |
| No. of Units: | 10 |
| Year Built: | 2000 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $87,500 |
| Property Website | Click Here |
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