Minneapolis, MN 55423 6621 Penn Avenue S
$2,000,000
Presented By: Real Estate Masters, Ltd.
Baths • 5
Home Details
NNN. Richfield strip center. 4 units completely remodeled 2025. New roof 2024. 500K put into this property. Tattoo, Shoe repair, Cannabis dispensary, Vietnamese Coffee shop, Hair salon, Ice Cream parlor, Vietnamese restaurant. 100% occupied. 7 tenants over 9 bays. 8 bathrooms. 2 in common area behind south half of bldg.
Presented By: Real Estate Masters, Ltd.
Interior Features for 6621 Penn Avenue S
Bedrooms
Total Bedrooms
Bathrooms
Total Baths5
Other Interior Features
BasementNone
Basement (Y/N)No
Ceiling Height11-15
Foundation Dimensions140x50
FuelNatural Gas
Garage Square Feet
General for 6621 Penn Avenue S
AccessibilityNone
Additional Parcels Y/NNo
CityRichfield
Construction MaterialsBlock, Brick, Frame
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseProfessional/Office, Commercial, Food Service, Restaurant, Retail
DirectionsPenn Ave and 66th St West
Garage Spaces
Gross Income185808
HeatingForced Air
High School DistrictRichfield
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsSquare Feet
Net Operating Income123308
New ConstructionNo
Number Of Units Total9
Operating Expense62500
PostalCityMinneapolis
Property TypeCommercial Sale
RoofAge 8 Years or Less, Flat, Other
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameFairwood Park
Tax Annual Amount36000
Tax Year2025
Tenant PaysAll Utilities, Common Area Maintenance, Escalation, Gas, Heat, Hot Water, Percent Rent
TopographyLevel
UtilitiesElectric Separate, Heating Separate, Hot Water Common, Hot Water Separate
Year Built1952
Zoning DescriptionBusiness/Commercial
Exterior for 6621 Penn Avenue S
Foundation Area7000
InclusionsBuilding, Land
Lot Dimensions200x115
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Light
Lot Size Area23000
Parking FeaturesPaved Lot
Road Frontage TypeCounty Road
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent