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Minneapolis, MN 55405

$875,000

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Property Type: Commercial Square Footage: 15,813 Lot Size (sq. ft.): 6,098 Status: Pending

Current Price: $875,000 List Date: 5/07/2026 Last Modified: 7/23/2026

Overview

Description

This property presents an opportunity for investors seeking a value add asset with both residential and commercial components. the residential units are naturally occurring affordable housing units with some vacancies, and can be renovated and rented with the potential of a fully stabilized cash flowing asset. Located along the growing Glenwood Avenue corridor in Minneapolis, this mixed use investment opportunity offers long term upside in the evolving urban Harrison neighborhood adjacent to Bryn Mawr and near downtown Minneapolis. The property consists of 8 residential units, including seven 2-bedroom units and one 3-bedroom unit, along with two main level retail spaces - a restaurant and an open space with an overhead drive in door providing flexibility for a variety of commercial uses. Commercial spaces include Milda’s Cafe and an additional flexible space known as The Living Room, featuring an open layout, kitchenette, and an overhead drive-in door suitable for a variety of use ... (Read more)

Listing Details MLS# 7065912

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 7
Owner Occupied: No
Waterfront YN: No
Year Built: 2000
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 4371
For Sale or Lease: For Sale
Acres: 0.14
Lot Dimensions: 75x124x75x122
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Natural Woodwork; Paneled Doors Appliances: Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Full; Storage Space; Storage/Locker CMU Style: Apartments and Retail; Freestanding Construction Status: Previously Owned Current Use: Commercial; Residential; Retail Exterior: Brick/Stone; Vinyl Flooring: Carpet; Vinyl/Linoleum Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional; Other Location Description: Free Standing Lock Box Type: Combo Lot Description: Corner Lot; Public Transit (w/in 6 blks) Miscellaneous Information: Overhead Doors On Site Utilities: Electric Separate; Heating Separate; Hot Water Common Parking Characteristics: Parking Lot Pool Description: None Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Tar/Gravel Sewer: City Sewer/Connected Stories: Three Or More Wall Description: Drywall Water: City Water/Connected Window Features: Bay Window(s)

Contract Information

Off Market Date: 2026-07-23
Contingency: None
ListPrice: 875000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Maben White & Le Brons Add

Assessments

Tax With Assessments: 15522.57
Assessment Balance: 0

Building Information

Building Finished SqFt: 15813
Building SqFt: 15813

More Information

Income and Expenses

Annual Electric Expense: 4800
Annual Fuel Expense: 360
Annual Insurance Expense: 12000
Annual Maintenance Expense: 5000
Annual Trash Expense: 6840
Annual Water/Sewer Expense: 13200

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Overhead Doors: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 21
Township#: 29

Sale Options

Sale Includes: Building, Fixture/Equipment, Land, Leases

Unit 2

No. of 2 Bedroom Units: 7

Unit 3

No. of 3 Bedroom Units: Yes

Unit Details

Total Units: 10

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 016 MABEN WHITE & LE BRONS ADDN TO MPLS LOTS 12 AND 13
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1290
Property ID Number: 2102924310066
Tax Year: 2026
Tax Amount: 15522.57
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This property presents an opportunity for investors seeking a value add asset with both residential and commercial components. the residential units are naturally occurring affordable housing units with some vacancies, and can be renovated and rented with the potential of a fully stabilized cash flowing asset. Located along the growing Glenwood Avenue corridor in Minneapolis, this mixed use investment opportunity offers long term upside in the evolving urban Harrison neighborhood adjacent to Bryn Mawr and near downtown Minneapolis. The property consists of 8 residential units, including seven 2-bedroom units and one 3-bedroom unit, along with two main level retail spaces - a restaurant and an open space with an overhead drive in door providing flexibility for a variety of commercial uses. Commercial spaces include Milda’s Cafe and an additional flexible space known as The Living Room, featuring an open layout, kitchenette, and an overhead drive-in door suitable for a variety of uses. Additional features include separately metered gas and electric, central heating and air conditioning, shared laundry facilities on each residential level, rear off-street parking, and a lower level basement space with future potential for storage income. Contact us today for additional information or to schedule a private tour.
Directions: From Hwy 100, take the Glenwood Ave exit, stay on Glenwood Ave for 2 miles, destination is on the left

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Natural Woodwork: Yes
Paneled Doors: Yes

Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes
Storage Space: Yes
Storage/Locker: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Vinyl: Yes

Flooring

Carpet: Yes
Vinyl/Linoleum: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Lot Description

Corner Lot: Yes
Public Transit (w/in 6 blks): Yes

Parking Characteristics

Parking Lot: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Tar/Gravel: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Wall Description

Drywall: Yes

Water

City Water/Connected: Yes

Window Features

Bay Window(s): Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Common: Yes

CMU Style

Apartments and Retail: Yes
Freestanding: Yes

Current Use

Commercial: Yes
Residential: Yes
Retail: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Other: Yes

Location Description

Free Standing: Yes

Listing Office: Keller Williams Classic Rlty NW

Last Updated: July - 23 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.