2938 EMERSON AVENUE
2938 Emerson Avenue, Minneapolis, 55408, MN
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Price: $2,250,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Lowry Hill East
Bedrooms: 0
Property Size :0
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Listing Agent: NST71008,NST277353
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Property type : Mixed Use
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Zip code: 55408
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Street: 2938 Emerson Avenue
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Street: 2938 Emerson Avenue
Bathrooms: N/A
Year: 2007
Listing Brokerage: Grand Real Estate Advisors
DETAILS
Offering the entire main floor of the Lumen On Lagoon condo building; 13,099 SF of retail space consisting of 5 total units and all 3 PID's; 33-029-24 43 0144, 33-029-24 43 0146, 33-029-24 43 0148. Long term lease in place with CorePower Yoga for over 36% of the building (+ other tenants). Cap rate of 7.82% based on in-place income. ProForma Cap rate once fully leased is over 14%. Incredible value-add or owner-user investment opportunity in outstanding Uptown location, priced to move. Financials available- contact agent.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: ,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 114ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 114.5 x 114.5
Longitude: 44.9489
Latitude: -93.2948
Zoning: Business/Commercial
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $78,350
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7713434
Listing Brokerage: Grand Real Estate Advisors
ID: 3500276
Published: March 17, 2025
Last Update: March 17, 2025
Views: 19
