241 Fremont Avenue N, Minneapolis, MN 55405
$2,950,000
Property Type:
Commercial
Lot Size (sq. ft.):
54,886
Status:
Closed
Current Price:
$2,950,000
List Date:
1/17/2024
Last Modified:
6/08/2025
Overview
Description
Listing Details MLS# 6478315
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Other Parking Spaces
- 16
- Year Built
- 1960
- Yearly/Seasonal
- Yearly
- Zoning
- Industrial
- Foundation Size
- 25000
- For Sale or Lease
- For Sale
- Acres
- 1.26
- Lot Dimensions
- 345 x 170
- Garage Stalls
- 0
Property Features
Accessible:
Fully Wheelchair
CMU Style:
Industrial
Construction Status:
Previously Owned
Current Use:
Commercial; Food Service; Manufacturing
Exterior:
Block
Financing Terms:
Conventional
Fuel:
Natural Gas
Heating:
Forced Air
On Site Utilities:
Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics:
Parking Lot
Potential Use:
Income; Industrial; Lounge/Bar; Office; Professional; Rest/Lounge; Restaurant; Retail; Wholesale
Rental License Type:
Standard
Sewer:
City Sewer/Connected
Water:
City Water/Connected
Contract Information
- Digitally Altered Photos
- No
- Off Market Date
- 2024-07-08
- Closed Date
- 2024-07-10
- Sales Close Price
- 2950000
- Contingency
- None
- ListPrice
- 3500000
- Owner is an Agent?
- Yes
- Auction?
- No
Location Tax and Other Information
- House Number
- 241
- Street Name
- Fremont
- Street Suffix
- Avenue
- Street Direction Suffix
- N
- Postal City
- Minneapolis
- County
- Hennepin
- State
- MN
- Zip Code
- 55405
- Complex/Dev/Subdivision
- Croffuts Add
Assessments
- Tax With Assessments
- 60360
- Assessment Balance
- 0
Building Information
- Building Finished SqFt
- 25000
- Building SqFt
- 25000
More Information
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Public Survey Info
- Range#
- 24
- Section#
- 21
- Township#
- 29
Sale Options
- Sale Includes
- Building
Unit Details
- Total Units
- 2
Office/Member Info
- Association
- MAAR
- MLSID
- RMLS
Location, Tax and Other Information
- Listing City
- Minneapolis
- Map Page
- 106
- Municipality
- Minneapolis
- Rental License?
- Yes
- School District
- Minneapolis
- School District Phone
- 612-668-0000
- Zip Plus 4
- 1934
- Property ID Number
- 2102924430126
- Tax Year
- 2023
- Tax Amount
- 60360
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- Rare opportunity for a multi-tenant industrial asset in the heart of the Harrison neighborhood in Minneapolis. Located in a qualified opportunity zone, this building has in-place income from an existing 10,000 SF tenant. Owner/occupy or lease out the 15,000 SF vacancy on the southern end of the building, that was most recently a distillery. Over $1m in improvements made in 2017-2018 including new roof, HVAC, sprinklers and substantial interior improvements.
- Directions
- Take 394 east, head north on van white boulevard, building is on the left before Glenwood Ave
Accessible
- Fully Wheelchair
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Block
- Yes
Financing Terms
- Conventional
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Parking Characteristics
- Parking Lot
- Yes
Rental License Type
- Standard
- Yes
Sewer
- City Sewer/Connected
- Yes
Water
- City Water/Connected
- Yes
On Site Utilities
- Electric Separate
- Yes
- Heating Separate
- Yes
- Hot Water Separate
- Yes
CMU Style
- Industrial
- Yes
Current Use
- Commercial
- Yes
- Food Service
- Yes
- Manufacturing
- Yes
Potential Use
- Income
- Yes
- Industrial
- Yes
- Lounge/Bar
- Yes
- Office
- Yes
- Professional
- Yes
- Rest/Lounge
- Yes
- Restaurant
- Yes
- Retail
- Yes
- Wholesale
- Yes
Listing Office:
Gold Group Realty, LLC
Last Updated: June - 08 - 2025
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