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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

Price $1,300,000
Price Per SF $22
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • General Retail Bar
  • General Retail Storefront Retail/Residential
  • OfficeLoft Creative Space
Building Class C
Lot Size 1.33 AC
Rentable Building Area 58,479 SF
No. Stories 4
Year Built 1910
Parking Ratio 0.79/1,000 SF
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 3

Amenities

  • 24 Hour Access
  • Bio-Tech/ Lab Space
  • Bus Line
  • Commuter Rail
  • Conferencing Facility
  • Security System
  • Signage
  • Storage Space
  • Air Conditioning
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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.)
  • Listing ID: 31879069

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: 3400 Cheatham Ave, Minneapolis, MN 55406

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