221 Cedar AveMinneapolis, MN 55454
- Mixed-use properties
- 0.12 AC
Property Details for 221 Cedar Ave
- Year built
- 1900
- Lot size
- 0.12 AC
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional mixed-use property, located at 221 Cedar Ave, Minneapolis, MN 55454, presents a compelling investment opportunity. The Republic at Seven Corners is a Class B, multi-tenant building boasting 10 apartment units (five one-bedroom and five two-bedroom) situated above a vibrant, 10,109 square foot ground-level pub. The property sits on a 0.12-acre lot (APN 25-029-24-23-0075) and is zoned C3A. Built in 1900, the building offers a total gross leasable area exceeding 20,000 square feet. Currently enjoying 100% occupancy, this asset presents a unique chance for a hands-on investor. Eight of the ten apartment units have already undergone renovations, providing a solid foundation for future growth. The property's prime location at Seven Corners, adjacent to the University of Minnesota Law School and Carlson School of Management, ensures strong tenant demand. Cosmetic upgrades to the remaining residential units offer significant potential for rental income increases. This is an ideal acquisition for an investor seeking a value-add opportunity in a high-demand Minneapolis location.
Location Insight
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Latitude
- 44.9732
- Longitude
- -93.2469
Comparable in this City
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