3400 Cheatham Ave
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3400 Cheatham Ave
58,479 SF 15% Leased Industrial Building Minneapolis, MN 55406 $1,300,000 ($22/SF)
Investment Highlights
- Great Location
- Creative Space!!!
Executive Summary
This 50,000sqft+ building is known as the Minneapolis Seed Company and is in use as an office and warehouse space with a non-active railway spur. The 19,000sqft+ office space located on the south side of the building has been remodeled on the 2nd & 3rd Floors to today’s market needs with conference rooms, private offices, breakrooms, bathrooms, and the main level also includes updating with the original exposed concrete columns to highlight the warehouse and storage areas for your business essentials. So many original aspects are still displayed within. Loading docks and garages. Take a tour to truly see the antiquity. Leases are in place for the remaining spaces to include warehouse/storage/basement and parking areas to multiple tenants. The owner/operator will be vacating the main office use and their warehouse/storage space for the new owner (19,000 sqft). Zoning is deemed PR2 and T10 districts. No Residential use allowed.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Taxes | $42,505 | $0.73 |
Operating Expenses | - | - |
Total Expenses | $42,505 | $0.73 |
Financial Summary (Actual - 2023)
Taxes | |
---|---|
Annual | $42,505 |
Annual Per SF | $0.73 |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $42,505 |
Annual Per SF | $0.73 |
Property Facts
Amenities
- 24 Hour Access
- Bio-Tech/ Lab Space
- Bus Line
- Commuter Rail
- Conferencing Facility
- Security System
- Signage
- Storage Space
- Air Conditioning
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Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
Parcel Number | 01-028-24-41-0074 | Total Assessment | $1,600,000 |
Land Assessment | $660,100 | Annual Taxes | $42,505 ($0.73/SF) |
Improvements Assessment | $939,900 | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
01-028-24-41-0074
Land Assessment
$660,100
Improvements Assessment
$939,900
Total Assessment
$1,600,000
Annual Taxes
$42,505 ($0.73/SF)
Tax Year
2023 Payable 2023
zoning
Zoning Code | I2 (This is a Production and Processing zoning district. The PR2 Production and Processing District.) |
I2 (This is a Production and Processing zoning district. The PR2 Production and Processing District.) |
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3400 Cheatham Ave
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