212 Ridgewood AVE, Minneapolis, MN 55403 - MLS#6625789

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Chad Pederson

chad@pedersonrealty.com +1(612) 325-8745

$1,195,000

Est. payment - /mo

10,018 Sqft Lot

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UPDATED:

11/01/2024 02:05 AM

Key Details

Property Type Condo, Commercial

Sub Type Apartment,Low Rise,Office

Listing Status Active

Purchase Type For Sale

Subdivision Ridgewood Add

MLS Listing ID 6625789

Year Built 1932

Annual Tax Amount $20,885

Tax Year 2024

Contingent None

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 89x146

Property Description

Another Reduction ? Motivated Seller! 2nd level offices can easily be converted to multifamily.

9 Unit Mixed-Use For Sale with 3 apartments + 6 offices in the High Demand Loring Park/Lowry Hill. Great condition in and out with a strong rental history. Excellent opportunity for both the investor or owner/user. The 2nd level 6 offices have historically been rented to therapy/counseling uses, but were just vacated for an owner/user opportunity or investor to bring their own tenants. Unit Mix: (1) 3 bed/2 bath. (1) 2 bed/1 bath. (1) 1 bed/1 bath. (6) second level offices leased to therapists. 4 tuck under garage stalls in the rear. The first floor apartment has historically been used for an Airbnb. Built in 1932 with many updates over the years, especially in 2018-2020. 6,924 total square feet. The building sites on a double lot with 0.23 acres and is zoned UN2 Urban Neighborhood 2 District. Only being offered for sale as the Seller is an out of state owner with a focus in retail.

Location

State MN

County Hennepin

Zoning Business/Commercial,Residential-Multi-Family

Rooms

Basement Finished

Interior

Heating Boiler

Inclusions Building, Land, Leases, Rental License

Fireplace No

Exterior

Garage Concrete, Tuckunder Garage

Garage Spaces 4.0

Utilities Available Electric Separate, Heating Common, Hot Water Common

Present Use Bed & Breakfast,Professional/Office,Commercial,Office,Professional Service,Recreational,Residential,Bar/Tavern

Parking Type Concrete, Tuckunder Garage

Building

Lot Description Irregular Lot

Foundation 2138

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Stucco

Schools

School District Minneapolis

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Listed by Mark Hulsey • RE/MAX Results

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Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

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