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$ 1
Est. payment | /mo
6.42 Acres Lot
$ 1
Est. payment | /mo
6.42 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Morrisons Add To North
MLS Listing ID 6803358
Year Built 1982
Annual Tax Amount $361,086
Tax Year 2025
Contingent None
Lot Size 6.420 Acres
Acres 6.42
Lot Dimensions x
Property Description
This well-maintained, multi-tenant industrial building offers an exceptional investment opportunity for buyers seeking both stability
and strong long-term returns. The property features a diverse tenant mix across warehouse, light manufacturing, and flex spaces — including some Fortune 500 tenants and a commercial kitchen operator who has invested over $2 million in a state-of-the-art facility — providing consistent cash flow and reduced vacancy risk. Zoning allows for a wide range of uses, enhancing long-term leasing flexibility and tenant appeal.
Currently, the property is leased at below-market rental rates, offering meaningful upside as leases renew or are restructured to market levels. Recent capital improvements and proactive management have positioned the asset for continued performance with minimal near-term maintenance. Strategically located just minutes from Downtown Minneapolis with excellent access to I-94, I-394, and Highway 55, this property combines strong fundamentals, steady income, and long-term
growth potential — a compelling opportunity for investors seeking a durable and well-located Twin Cities industrial asset.
and strong long-term returns. The property features a diverse tenant mix across warehouse, light manufacturing, and flex spaces — including some Fortune 500 tenants and a commercial kitchen operator who has invested over $2 million in a state-of-the-art facility — providing consistent cash flow and reduced vacancy risk. Zoning allows for a wide range of uses, enhancing long-term leasing flexibility and tenant appeal.
Currently, the property is leased at below-market rental rates, offering meaningful upside as leases renew or are restructured to market levels. Recent capital improvements and proactive management have positioned the asset for continued performance with minimal near-term maintenance. Strategically located just minutes from Downtown Minneapolis with excellent access to I-94, I-394, and Highway 55, this property combines strong fundamentals, steady income, and long-term
growth potential — a compelling opportunity for investors seeking a durable and well-located Twin Cities industrial asset.
Location
State MN
County Hennepin
Zoning Business/Commercial,Industrial
Interior
Heating Other
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Separate
Present Use Professional/Office,Commercial,Industrial,Office,Professional Service,Warehouse
Building
Foundation 155250
Sewer Other
Water Other
Structure Type Other
Schools
School District Minneapolis
Listed by Rustam Muharamov • Financially Free, LLC
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Tom Ott
REALTOR® | Lic# 590400