Property for Sale in Minneapolis
2938 Emerson S Avenue
Minneapolis, MN 55408

Price
$2,250,000

MLS #
6686113

Status
Active


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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.

6686113
Leaflet | Map data © Mapbox contributors

West on Lake Street until it becomes Lagoon Ave. Property on Left (at Emerson and Lagoon)


West on Lake Street until it becomes Lagoon Ave. Property on Left (at Emerson and Lagoon)

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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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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