212 Ridgewood Ave

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Address: 212 Ridgewood Ave, Minneapolis, Minnesota, US
Created date: February 26, 2024
Date last updated: May 15, 2024
  • 9 Unit Mixed Use: 3 Apartments (6,050 SF) + 6 Offices (1,500 SF)
  • Excellent condition in & out
  • High Demand Minneapolis location
  • 4 rear garage stalls
  • $100,000 Reduction - Strong Seller Motivation.

Property Description

$100,000 Reduction - Strong Seller Motivation. 9 Unit Mixed-Use For Sale with 3 apartments totaling ~6,050 square feet + 6 offices totaling ~1,500 square feet in the High Demand Loring Park/Lowry Hill area of Minneapolis. The offices can be configured/remodeled for additional apartment units, or can remain as offices. Great condition in and out with a strong rental history. Excellent opportunity for both the investor or owner/user. The 2nd level 6 offices have historically been rented to therapy/counseling uses, but were just vacated for an owner/user opportunity or investor to bring their own tenants. Unit Mix: (1) 3 bed/2 bath on 1st floor. (1) 2 bed/1 bath on lower level. (1) 1 bed/1 bath on 3rd floor. ~7,550 total square feet. 4 tuck under garage stalls in the rear. The first floor apartment has historically been used for an Airbnb, but has been vacated for the sale and can become a standard annual apartment rental. Built in 1932 with many updates over the years, especially in 2018-2020. The building sites on a double lot with 0.23 acres and is zoned UN2 Urban Neighborhood 2 District. Only being offered for sale as the Seller is an out of state investment owner with a focus in retail.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,299,000
No. of Units: 9
Year Built: 1932
Lot Size: 0.23 Sq ft
Opportunity Zone: No
Price per unit: $144,333
Property Website Click Here
Address: 212 Ridgewood Ave, Minneapolis, MN 55403, USA
Provided by:

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