2722 Park Ave
12,671 SF 100% Leased Office Building Minneapolis, MN 55407 $2,850,000 ($225/SF) 7% Cap Rate
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INVESTMENT HIGHLIGHTS
- 2722 Park ave is the building And 2742 park ave is empty lot Total lot size combine are :1.40 acre .
EXECUTIVE SUMMARY
2722 Park ave is the building And 2742 park ave is empty lot Total lot size combine are :1.40 acre .
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Building Size
12,671 SF
Building Class
C
Year Built
1901
Price
$2,850,000
Price Per SF
$225
Cap Rate
7%
NOI
$199,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,336 SF
Slab To Slab
10’
Building FAR
0.21
Lot Size
1.40 AC
Opportunity Zone
Yes
Zoning
R6
Parking
93 Spaces (7.34 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 of 1
Walk Score®
Very Walkable (77)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,194,200 | |
Land Assessment | $975,100 | Total Assessment | $2,169,300 |