$4,000,000
Minneapolis, MN 55405
MLS# 6443571
1 / 11
Property Description
Ideal owner/occupant industrial facility located near Target Field, the Mpls Farmer's Market and International Market Square. Interior is a blank canvas and flexible for manufacturing, storage & distribution. Multiple drive-in doors on both the front and rear of the property allow for vehicles to drive through the property. Interior ramps located in rear of building provide covered delivery space. New green line light rail stop being built with station adjacent to the property. City of Mpls 2040 plan guidance supports up to a 30 unit mixed-use property if the site were to be redeveloped. Approx 65 surface parking spots. Restrooms located in both office and warehouse space.
Details
Maps
Documents
None
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $4,000,000
Original List Price: 4000000
Contingency: None
ListPrice: 4000000
List Date: 2023-10-04
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 65
Owner Occupied: No
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Industrial
Foundation Size: 38695
Garage Stalls: 7
For Sale or Lease: For Sale
Acres: 2.07
Lot Dimensions: 185 x 486
Assessment Pending: No
Location, Tax and Other Information
Legal Description: LOT 003 BLOCK 004 GLENWOOD RENEWAL SUBD NO 2 N 185 FT
Map Page: 106
Municipality: Minneapolis
Rental License?: Yes
School District Phone: 612-668-0000
Map Coordinate Source: King's Street Atlas
House Number: 401
Street Name: Royalston
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Zip Plus 4: 3809
Property ID Number: 2202924320008
Complex/Dev/Subdivision: Glenwood Renewal Sub 2
Tax Year: 2022
Tax Amount: 110052
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Ideal owner/occupant industrial facility located near Target Field, the Mpls Farmer's Market and International Market Square. Interior is a blank canvas and flexible for manufacturing, storage & distribution. Multiple drive-in doors on both the front and rear of the property allow for vehicles to drive through the property. Interior ramps located in rear of building provide covered delivery space. New green line light rail stop being built with station adjacent to the property. City of Mpls 2040 plan guidance supports up to a 30 unit mixed-use property if the site were to be redeveloped. Approx 65 surface parking spots. Restrooms located in both office and warehouse space.
Directions: Take Glenwood Ave, left on Royalston Ave, building is on the left.
Assessments
Tax With Assessments: 110052
Building Information
Building Finished SqFt: 38695
Building SqFt: 38695
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27053
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 22
Township#: 29
Sale Options
Sale Includes: Building,Land,Leases
Unit Details
Total Units: 1
Property Features
Accessible: None
CMU Style: Industrial
Construction Status: Previously Owned
Current Use: Industrial; Manufacturing; Storage Facility; Warehouse
Exterior: Brick/Stone
Fuel: Natural Gas
Heating: Forced Air
Lease Details: Triple Net
Neighborhood Name: North Loop
On Site Utilities: Electric Common; Heating Common
Parking Characteristics: Multiple Garages; Open Lot; Parking Lot; Attached Garage; Paved Lot
Rental License Type: Other
Sewer: City Sewer/Connected
Water: City Water/Connected
401 Royalston Ave, Minneapolis, MN 55405 Listing Office: Gold Group Realty, LLC
Last Updated: March - 20 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
