212 Ridgewood Avenue
Minneapolis, MN 55403
Price: $1,195,000
Another Reduction – Motivated Seller! 2nd level offices can easily be converted to multifamily.
9 Unit Mixed-Use For Sale with 3 apartments + 6 offices in the High Demand Loring Park/Lowry Hill. Great condition in and out with a strong rental history. Excellent opportunity for both the investor or owner/user. The 2nd level 6 offices have historically been rented to therapy/counseling uses, but were just vacated for an owner/user opportunity or investor to bring their own tenants. Unit Mix: (1) 3 bed/2 bath. (1) 2 bed/1 bath. (1) 1 bed/1 bath. (6) second level offices leased to therapists. 4 tuck under garage stalls in the rear. The first floor apartment has historically been used for an Airbnb. Built in 1932 with many updates over the years, especially in 2018-2020. 6,924 total square feet. The building sites on a double lot with 0.23 acres and is zoned UN2 Urban Neighborhood 2 District. Only being offered for sale as the Seller is an out of state owner with a focus in retail.
Basic Features:
Style |
Apartment,Low Rise,Office |
Type |
Commercial Sale |
Zoning |
Business/Commercial,Residential-Multi-Family |
Year Built |
1932 |
School District |
Minneapolis |
County |
Hennepin |
Lot Size |
89x146 |
Acreage |
0.23 acres |
Garage |
4 Car |
Lot Description |
Irregular Lot |
Number of Units |
9 |
Tax $ / Year |
$20,885 / 2024 |
Tax ID |
|
Legal Description |
|
Includes:
Building,Land,Leases,Rental License
Additional Features
Government Programs |
|
Section |
27 |
Terrain Type |
|
Basement |
Finished |
Driveway |
|
Exterior Features |
Stucco |
Foundation |
2138.00 |
Fuel Source |
Natural Gas |
Handicap Access |
None |
Heating |
Boiler |
Sewer Service |
City Sewer/Connected |
Water Service |
City Water/Connected |
Water Heater |
|
Parking Lot |
Concrete,Tuckunder Garage |
Exterior Construction |
|
Utilities |
Electric Separate,Heating Common,Hot Water Common |
Laundry |
N |
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