Minneapolis, MN 55412 3501 Penn Avenue N
$339,500
Presented By: Assembly MN LLC
SQFT • 6,571
Home Details
Northside Ownership Opportunity! This is an excellent opportunity to launch or expand your real estate portfolio with this Northside Land Trust property. Option to purchase through Land trust or as a standard sale. Building currently approximately 75% occupied with active month-to-month leases & established tenants. Middle store front (3503) currently vacant and being updated. Tons of basement storage and additional bonus space/SF. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.
Presented By: Assembly MN LLC
Interior Features for 3501 Penn Avenue N
Other Interior Features
BasementPartially Finished
Basement (Y/N)Yes
FuelNatural Gas
Garage Dimensions
Garage Door Width
Garage Square Feet
General for 3501 Penn Avenue N
AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseProfessional/Office, Beauty/Barber Shop, Food Service, Office
DirectionsSouth on Dowling. North on Lowry. End 3501 Penn Ave. N.
Garage Spaces
HeatingForced Air, Hot Water
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNot Disclosed
LevelsOne
Lot Size UnitsAcres
Net Operating Income42000
New ConstructionNo
Number Of Units Total4
OwnerPaysCommon Area Maintenance, Exterior Maintenance, Grounds Care, Management, Taxes
Possible UseOffice, Other, Professional Service, Retail, Shop, Grocery
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer - In Street
Standard StatusActive
Subdivision NameUtopia
Tax Annual Amount7777
Tax Year2025
Tenant PaysElectricity
UtilitiesElectric Separate, Hot Water Separate
Year Built1922
Zoning DescriptionBusiness/Commercial, Other
Exterior for 3501 Penn Avenue N
Building Area Total6571
Foundation Area3310
InclusionsBuilding, Land
Lot Dimensions60x129
Lot FeaturesCorner Lot
Lot Size Area0.18
Parking FeaturesGravel, On-Street Parking Only
Water SourceCity Water/Connected, City Water - In Street
Additional Details
Price History
John Wichmann
Agent