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For Sale:  Minneapolis MLS# 6370075






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Active
$1,599,999
/mo Edit
Commercial:  Mixed Use,Low Rise,Office
Built 2005
0.25 acres
Minneapolis schools
MLS# 6370075
763-576-8286
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    Property Description

    This is a fantastic opportunity to own a turnkey commercial condo portfolio on the coveted retail corner of 50th & Xerxes in the Fulton, Minneapolis neighborhood. This value-add portfolio includes: Three retail/office storefronts, one 10x10 private office/storage room, and six underground parking stalls. Suite #101 was recently leased, #102 and #104 are leased up by established businesses. Suite #101 had a $105, 000 renovation in 2021 and #104 underwent a $90, 000 renovation in 2020. This is an opportunity to purchase the full portfolio of commercial condo units on the main retail level. A showing must be scheduled to view the property. Please do not disturb current businesses or their staff and refrain from touring the building without an appointment.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,599,999
    Property Type: Commercial
    City: Minneapolis
    Garage Spaces: 6
    County: Hennepin
    Year Built: 2005
    State: MN
    Property Style: Mixed Use, Low Rise, Office
    Zip Code: 55410
    Neighborhood/Area: Fulton
    Subdivision Name: Cic 1235 Fulton Lofts On Xerxes

    Exterior

    Garage Spaces: 6
    Other Parking Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 10,865 ft2
    Handicap Accessible: Fully Wheelchair
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Assigned
    • Attached Garage
    • Garage Door Opener
    • Heated Garage
    • Underground
    Shared Amenities:
    • Elevator(s)
    • Other
    Road Frontage: City Street
    Exterior Material: Brick/Stone
    Roof Details: Flat

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.25
    Geolocation: 44.912646, -93.319222
    Inclusions: Building, Leases, Other
    Lot Dimensions: .25
    Zoning: Business/Commercial
    Lot Description:
    • Infill Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $5,454
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,454

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Commercial
    • Professional Service
    • Professional/Office
    • Retail
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.