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Luke Chase

luke@ts-re.com +1(612) 418-9979

Est. payment - /mo

6.42 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Morrisons Add To North

MLS Listing ID 7077168

Year Built 1981

Annual Tax Amount $361,086

Tax Year 2025

Contingent None

Lot Size 6.420 Acres

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.

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

New Construction false

Schools

School District Minneapolis

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Listed by Rustam Muharamov • Keller Williams Integrity Realty

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2930 N 2nd ST Minneapolis, MN 55411

Luke Chase

Key Details

Location

Interior

Exterior

Building

Schools

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NEARBY SCHOOL & BUSINESS

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2930 N 2nd ST

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