5500 W Broadway Ave
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5500 W Broadway Ave
6,650 SF Retail Building Minneapolis, MN 55428 $1,225,000 ($184/SF)
Investment Highlights
- No Automotive Repair or Servicing Permitted
- 7 Bays & Overhead doors
- Corner Property with Strong Traffic Counts & Great Visibility
- Redevelopment Opportunity with 86 Apartment Units Approved by the City
- Retail Storefront, 2 Offices, 3 Bathrooms, 7 Bays, & Storage
Executive Summary
Results Commercial is pleased to present For Sale this 6,650 SF former Goodyear Tire building in Crystal, MN. Located on an excellent, high traffic, high visibility corner of West Broadway Avenue and 55th Avenue North, this building has easy access to highways and is surrounded by many strong retailers. No automotive repair or servicing permitted. Ready for a new owner user or redevelopment with 86 Apartment Units already approved by the city. Currently zoned TC - Town Center Core District.
This former Goodyear Tire shop presents many opportunities for a new user. The building has a large retail storefront, 2 offices, workshop with 6 bays and overhead doors, plus 1 bay and overhead door in the back of the building along with ample room for storage. There are also 3 bathrooms with 2 in the retail/office space and 1 in the workshop.
Plenty of parking with 16 spots in the front with additional room for parking in the rear of the building. 5500 W Broadway Avenue is in a designated Opportunity Zone established to incentivize investment into the community and neighborhood. This building is currently vacant and ready for its new phase!
Contact listing brokers today for more information or schedule a tour!
This former Goodyear Tire shop presents many opportunities for a new user. The building has a large retail storefront, 2 offices, workshop with 6 bays and overhead doors, plus 1 bay and overhead door in the back of the building along with ample room for storage. There are also 3 bathrooms with 2 in the retail/office space and 1 in the workshop.
Plenty of parking with 16 spots in the front with additional room for parking in the rear of the building. 5500 W Broadway Avenue is in a designated Opportunity Zone established to incentivize investment into the community and neighborhood. This building is currently vacant and ready for its new phase!
Contact listing brokers today for more information or schedule a tour!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
6,650 SF
Building Class
C
Year Built
1981
Price
$1,225,000
Price Per SF
$184
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
TC - Town Center Core District
Parking
15 Spaces (2.26 Spaces per 1,000 SF Leased)
Frontage
222 FT on W Broadway Ave
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 05-118-21-44-0047 | Improvements Assessment | $736,000 |
| Land Assessment | $358,000 | Total Assessment | $1,094,000 |
PROPERTY TAXES
Parcel Number
05-118-21-44-0047
Land Assessment
$358,000
Improvements Assessment
$736,000
Total Assessment
$1,094,000
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5500 W Broadway Ave
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