1024 Washington Ave S - Bridgewater Lofts

1,900 SF Retail Condo Unit Offered at $499,900 in Minneapolis, MN 55415

PROPERTY FACTS

Price $499,900
Unit Size 1,900 SF
No. Units 1
Total Building Size 592,974 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Sale Type Investment or Owner User
Building Class A
Floors 10
Typical Floor Size 57,987 SF
Year Built 2007
Lot Size 2.02 AC
Parking Ratio 0.33/1,000 SF

1 UNIT AVAILABLE

Unit Retail Condo

Unit Size 1,900 SF
Price $499,900
Price Per SF $263.11
Condo Use Retail
Sale Type Investment or Owner User
Cap Rate 5.85%
NOI $29,250
No. Parking Spaces 2
DESCRIPTION

Listing includes two parking spots noted, two additional spots available for $40k each - 26-029-24-12-0574 and 26-029-24-12-0575. Street access from 10th Avenue, ample street parking.

SALE NOTES

Chiro tenant currently paying $13,650 NNN for 624 SF, lease expires 11/25 but could terminate sooner.  Salon tenant pays $15,600 NNN for 976 SF in year 1 of 5 year lease with 5% annual increases.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 300 - -
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (95)

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • Fitness Center
  • Pool
  • Property Manager on Site
  • Spa
  • Elevator
  • Multi Use Room
  • Sundeck
  • Smoke Detector

ZONING

Zoning Code C3A
  • Listing ID: 34950895

  • Date on Market: 2/26/2025

  • Last Updated:

  • Address: 1024 Washington Ave S, Minneapolis, MN 55415