Property for Sale in Minneapolis
2938 Emerson S Avenue
Minneapolis, MN 55408
Property Details
Year Built
2007
Square Feet
13,099
Parking Features
On-Street Parking Only,More Parking Offsite for Fee
Zoning
Business/Commercial
2024 Property Taxes
$78,350
School District
Minneapolis
County
Hennepin
Offering the entire main floor of the Lumen On Lagoon condo building; 13,099 SF of retail space consisting of 5 total units and all 3 PID's; 33-029-24 43 0144, 33-029-24 43 0146, 33-029-24 43 0148. Long term lease in place with Core Power Yoga for over 36% of the building (+ other tenants). Cap rate of 7.82% based on in-place income. Pro Forma Cap rate once fully leased is over 14%. Incredible value-add or owner-user investment opportunity in outstanding Uptown location, priced to move. Financials available- contact agent.
Features
Utilities
Electric Common,Electric Separate,Heating Common,Heating Separate,Hot Water Common,Hot Water Separate
Heating
Forced Air
Sewer
City Sewer/Connected
Water
Public
Additional Info
Listed By
Edward (Ted) La Fave of Grand Real Estate Advisors
Listed
03/17/25 and last updated 03/17/25

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