1101 Main St Minneapolis, MN 55413

This 10,042 square foot shopping center, built in 2007, presents a compelling investment opportunity in Minneapolis, Minnesota. Located at 1101 NE Main St, in the vibrant Northeast Minneapolis neighborhood (APN 14-029-24-23-0471), this stabilized retail property boasts a 7.70% cap rate and a strong net operating income (NOI) of $191,768. The property benefits from a high-traffic, signalized intersection and is situated in a rapidly growing area with a diverse demographic, ensuring a steady stream of customers. Its convenient access to major highways and public transportation further enhances its appeal. The property features long-term leases with built-in rent increases, simplifying management and maximizing returns. The existing tenants provide immediate cash flow, making this an attractive option for investors seeking a stable, income-producing asset in a desirable location with proximity to residential areas and established businesses. The permitted zoning is for retail use, allowing for flexibility and potential future expansion. This property is ideally suited for investors seeking a strong return on investment in a thriving Minneapolis neighborhood. The asking price is $2,500,000.