1.8 Acres Lot
1.8 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Auditors Sub 74
MLS Listing ID 6767111
Year Built 1978
Annual Tax Amount $24,093
Tax Year 2025
Contingent None
Lot Size 1.800 Acres
Acres 1.8
Lot Dimensions x
Property Sub-Type Other
Property Description
investment opportunity, particularly for buyers seeking value-add
potential with built-in stability. The property benefits from zoning that
allows for both automotive and o?ice warehouse uses through a
Conditional Use Permit (CUP), which greatly expands the scope of
allowable tenants and maximizes long-term leasing flexibility.
Currently, the building is leased at below-market rental rates, leaving
significant room for future income upside as leases turn over or are
renegotiated. The tenant base is composed of a solid mix of occupants
from various industries, providing diversification and reducing the risk
associated with vacancy or market shifts.
In addition to its favorable zoning and tenant structure, the property
has recently undergone major renovations totaling approximately
$750,000. These capital improvements were completed by the current
ownership and address many of the typical deferred maintenance
items, positioning the building for reduced operational costs in the near
term and increased attractiveness to new tenants.
Overall, this asset combines strong fundamentals with meaningful
upside potential, making it an ideal candidate for investors seeking
both stability and growth in a well-located commercial property.
Location
State MN
County Anoka
Zoning Business/Commercial
Interior
Heating Forced Air
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Separate
Roof Type Age Over 8 Years,Metal
Present Use Automotive,Professional/Office,Commercial,Industrial,Professional Service,Retail,Warehouse
Building
Story One
Foundation 31500
Sewer City Sewer/Connected
Water City Water - In Street
Level or Stories One
Structure Type Other
Schools
School District Anoka-Hennepin
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709 2nd Street South, Minneapolis, Minnesota, 55401, United States