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3501 Hiawatha Ave
82,410 SF Industrial Building Minneapolis, MN 55406 $350,000 ($4/SF)
Investment Highlights
- Redevelopment opportunity. City will support multi-family development at this site. Full block development site of 2.4 acres.
- On Hiawatha Avenue between downtown Minneapolis and Minneapolis/St. Paul International Airport.
- The 38th Street Light Rail Transit (LRT) Station is 2 blocks south of this site.
- The site is zoned I2, with an IL, Industrial Living, overlay.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$27,305
|
$0.33
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $27,305 |
| Annual Per SF | $0.33 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $350,000 | Rentable Building Area | 82,410 SF |
| Price Per SF | $4 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1914 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.36/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 2.38 AC |
| Price | $350,000 |
| Price Per SF | $4 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.38 AC |
| Rentable Building Area | 82,410 SF |
| No. Stories | 1 |
| Year Built | 1914 |
| Tenancy | Single |
| Parking Ratio | 0.36/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
Amenities
- Bus Line
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Manufacturing
- 45,377 SF
- -
- -
With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste and a commitment to sustainability, they give customers an edge in solving the nutritional challenges of today and tomorrow. They're a global leader in human and animal nutrition and the world's premier agricultural origination and processing company. Their breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness and more. From the seed of the idea to the outcome of the solution, they enrich the quality of life the world over.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Manufacturing | 45,377 SF | - | - |
PROPERTY TAXES
| Parcel Number | 01-028-24-41-0142 | Improvements Assessment | $76,500 (2023) |
| Land Assessment | $811,400 (2023) | Total Assessment | $887,900 (2023) |
PROPERTY TAXES
zoning
| Zoning Code | I2 |
| I2 |
-
Todd Hanson -
Jason Sell -
Jordan Dick -
Cushman & Wakefield/NorthMarq
Presented by
3501 Hiawatha Ave
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