Minneapolis, MN 55412 3854 Thomas Avenue N
$445,000
10 more
Presented By: RE/MAX Results
SQFT • 4,150
Home Details
Classic 1920s brick retail center in Victory neighborhood. Building has 5 units with a 14 space asphalt parking lot. Well-maintained building with newer forced-air furnaces in each unit and 4 of the 5 units have central air. Main floor units feature 9-10 ft ceiling height, separate front and back entrances, and some units have display windows. Property has a full basement with 8 ft ceiling height. Tenants pay their own heat/gas/electric. Four stable, long-term tenants occupy the 5 spaces. Buy as an investment opportunity or owner-occupy with your own business as space becomes available. Take advantage of the close proximity of Victory Memorial Drive and other thriving, local businesses and become a part of the growing Victory neighborhood business community.
Presented By: RE/MAX Results
Interior Features for 3854 Thomas Avenue N
Other Interior Features
BasementBlock, Full, Single Tenant Access
Basement (Y/N)Yes
Ceiling Height8-10
Foundation Dimensions83x50
FuelNatural Gas
General for 3854 Thomas Avenue N
AccessibilityOther
Additional Parcels Y/NNo
Association AmenitiesOther
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseProfessional/Office, Beauty/Barber Shop, Other, Retail
DirectionsVictory Memorial Drive to Dowling Ave N. East on Dowling to Thomas Ave N. North on Thomas to Property.
Garage Spaces
Gross Income44400
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense4300
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
Number Of Units Total5
OwnerPaysRepairs, Sewer, Snow Removal, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeRetail
Property TypeCommercial Sale
RoofFlat, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameThorpe Bros William Penn Add
Tax Annual Amount9766
Tax Year2025
Tenant PaysElectricity, Gas
TopographyLevel
Trash Expense2200
UtilitiesElectric Separate, Heating Separate
Virtual TourClick here
Water Sewer Expense2560.11
Year Built1926
Zoning DescriptionBusiness/Commercial
Exterior for 3854 Thomas Avenue N
Building Area Total4150
Foundation Area4150
InclusionsBuilding, Land
Lot Dimensions83x126.4
Lot FeaturesCorner Lot
Lot Size Area0.24
Parking FeaturesAsphalt, Parking Lot
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent