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The Flats @ Lowry Hill

$2,176,200

2200 Hennepin Avenue, Minneapolis, MN 55405

Active
Last Updated: 02/06/2025

8

Cap Rate

174,093

NOI

Details:
Cap Rate:    8%
NOI:    $174,093
Building Size:    11,070 sqft
Lot Area:    0.25 acres
Year Built:    1912
Tenancy:    Multiple
Highlights:
  • Gorgeous Mixed-Use property fully leased to Specs Optical, Tao Organic Café + Herbery, and 8 Multi-Family Apartment Units.
  • Located in the Lowry Hill neighborhood of Minneapolis.Located minutes from Downtown Minneapolis and is home to the Walker Art Center, Sculpture Park, and much more.
  • Tao has been a tenant for 50 years and Specs Optical has been a tenant for 26 years.
  • This property is located near I-94 where traffic counts average 162,177 vehicles per day. Nearby retailers include Starbucks, The Lowry, New Horizon Academy, Kowalski’s Market, Speedway, Walgreens, Chipotle, etc.
  • Excellent demographics with a 5-mile average household income of $120,720 and 5-mile population of 503,894.
  • Eight 1 bedroom, 1 bathroom apartment units with 9 foot ceilings, hardwood & tile floors, 6 foot windows, and claw foot bathtubs.
Description:

Located five minutes from Downtown Minneapolis.

Lowry Hill has several things to love, such as the beautiful homes designed by famous architects, a multitude of shops, restaurants, and specialty stores, as well as an abundance of neighborhood parks.

Lowry Hill is home to the Walker Art Center and Minneapolis Sculpture Garden, one of the Twin Cities best loved cultural attractions. With over 700,000 visitors annually, the Walker Art Center is one of the most visited modern and contemporary art museums in the country displaying contemporary visual arts and design exhibitions; dance, theatre, and music performances; and film screenings.

Map:
Documents:
Title
PUBLIC_The_Flats___Lowry_Hill_-_Minneapolis__MN_MP.pdf
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Location
Gallery