2720 University AveMinneapolis, MN 55414

  • Commercial real estate
  • 27,187 SF

Property Details for 2720 University Ave

Year built
1929
Construction
CONCRETE
Lot size
0.71 AC
Property size (Sq ft)
27,187 SF
Zone code
OR2
Property type
Commercial real estate
APN
30-029-23-24-0017
APU
3002923240017

Description

This exceptional 4,000 square foot commercial property, located at 2720 University Avenue SE in Minneapolis, Minnesota, 55414, presents a unique investment opportunity. The single-story building boasts high visibility and high traffic, benefiting from its prominent location on University Avenue SE. The property is ideally suited for a variety of retail and office uses, particularly those seeking a creative office environment. Currently, one space is available within the multi-tenant building. Its proximity to the University of Minnesota campus and a newly constructed large student housing complex ensures a consistent flow of potential customers and employees. This strategic location offers unparalleled access to a vibrant and growing community. The property's excellent accessibility and high foot traffic make it an attractive proposition for businesses seeking a strong presence in a bustling area. The building's design caters to the needs of modern businesses, providing a functional and appealing space. This is a rare opportunity to secure a well-positioned commercial property in a thriving Minneapolis neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,721,326
    Hospitality
    $5,240,704
    Educational
    $4,360,204
    Medical
    $4,510,158
    Retail
    $6,782,540

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9716
Longitude
-93.2179
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$54,102
$1,550,000
$250,000
$1,800,000
-
$1,550,000
$250,000
$1,800,000

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].