2200 Hennepin AveMinneapolis, MN 55405

Property Details for 2200 Hennepin Ave

Year built

1912

Lot size

0.25 AC

Property size (Sq ft)

11,070 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional mixed-use property in Minneapolis' coveted Lowry Hill neighborhood presents a compelling investment opportunity. The 11,070 square foot building, constructed in 1912 and situated on a 0.25-acre lot at 2200 Hennepin Ave, boasts a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $153,319 and a 6.52% cap rate. The property features a diverse tenant mix, including eight multi-family apartment units, Specs Optical (a tenant for 26 years), and Tao Organic Cafe + Herbery (a tenant for over 50 years). Each apartment unit offers one bedroom, one bathroom, 9-foot ceilings, hardwood and tile floors, 6-foot windows, and claw-foot bathtubs. The building's prime location, just minutes from Downtown Minneapolis, benefits from high traffic counts (162,177 vehicles daily on nearby I-94) and proximity to numerous amenities, including the Walker Art Center and Sculpture Garden. Strong demographics further enhance the investment potential, with a 5-mile average household income of $120,720 and a 5-mile population of 503,894. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving Minneapolis neighborhood. The asking price is $2,350,000. This is a net lease investment.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

44.9608

Longitude

-93.2933

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].