212 Ridgewood Ave

212 Ridgewood Ave, Minneapolis, MN

$1,399,000

Price

7,550 sqft

Building Size

0.23 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
7,550 sqft
Lot Area
0.23 acres
Occupancy
33.3%
Units
9
Year Built
1932
Floors
2
Description

9 Unit Mixed-Use For Sale with 3 apartments totaling ~6,050 square feet + 6 offices totaling ~1,500 square feet in the High Demand Loring Park/Lowry Hill area of Minneapolis. The offices can be configured/remodeled for additional apartment units, or can remain as offices. Great condition in and out with a strong rental history. Excellent opportunity for both the investor or owner/user. The 2nd level 6 offices have historically been rented to therapy/counseling uses, but were just vacated for an owner/user opportunity or investor to bring their own tenants. Unit Mix: (1) 3 bed/2 bath on 1st floor. (1) 2 bed/1 bath on lower level. (1) 1 bed/1 bath on 3rd floor. ~7,550 total square feet. 4 tuck under garage stalls in the rear. The first floor apartment has historically been used for an Airbnb, but has been vacated for the sale and can become a standard annual apartment rental. Built in 1932 with many updates over the years, especially in 2018-2020. The building sites on a double lot with 0.23 acres and is zoned UN2 Urban Neighborhood 2 District. Only being offered for sale as the Seller is an out of state investment owner with a focus in retail.

Minneapolis

Highlights
  • 9 Unit Mixed Use: 3 Apartments (6,050 SF) + 6 Offices (1,500 SF)
  • Excellent condition in & out
  • High Demand Minneapolis location
  • 4 rear garage stalls
Documents
Location
Gallery