808 Lowry AveMinneapolis, MN 55411

Property Details for 808 Lowry Ave

Year built

1923

Construction

CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

4,000 SF

Zone code

R4

Property type

Commercial real estate

APN

09-029-24-14-0213

APU

902924140213

Description

This exceptional Minneapolis property presents a unique blend of immediate income generation and significant long-term development potential. Located at 808 Lowry Ave N, this 4,029 square foot auto shop sits on a 0.27-acre lot (APN: 09-029-24-14-0213) and is currently operating at 100% occupancy. The asking price is $1,500,000, translating to $372.30 per square foot. The building, constructed in 1923, features three stories and is zoned CM2, offering flexibility for future development. Currently operating as a single-tenant, net lease property with a lease expiring in August 2024, this presents an owner-user opportunity or a redevelopment project. The property's established clientele and existing infrastructure provide a solid foundation for continued success as an auto shop, while the zoning and location within the Twin Cities area offer significant potential for multifamily development. This is an ideal investment for those seeking a blend of immediate return and future growth opportunities. The property's strong location in Hennepin County, Minneapolis, MN 55411, ensures easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-established business with substantial upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $841,774

  Hospitality

  $771,060

  Educational

  $641,513

  Medical

  $663,576

  Retail

  $997,909

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

45.0134

Longitude

-93.2896

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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