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Crescent Trace Retail 1101 Main St NE

10,100 SF 100% Leased Retail Building Minneapolis, MN 55413 £1,972,500 (£195/SF) 7.70% Net Initial Yield

Investment Highlights

  • Great accessibility and frontage.
  • Ease of management
  • Located in desirable northeast area of Minneapolis
  • Long term leases with increases
  • High traffic signalized intersection

Executive Summary

Ideal for investors looking to capitalize on the unique character and growth of Northeast Minneapolis. 1101 Main St NE offers a rare chance to invest in a dynamic retail property in a thriving community. Located in a prime location in the vibrant Northeast Minneapolis neighborhood, known for its eclectic mix of arts, dining, and retail. The property offers convenient access to major highways and public transportation, enhancing foot traffic and accessibility. Located in a rapidly growing area with a diverse demographic, ensures a steady customer base. With immediate proximity to residential developments and established neighborhoods there is consistent foot traffic and a strong local economy with numerous small businesses. Don’t miss this opportunity for immediate cash flow with existing tenants. With its strategic location, flexible space, and strong market fundamentals, this property is poised for success!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,100 SF
Building Class
A
Year Built
2007
Price
£1,972,500
Price Per SF
£195
Net Initial Yield
7.70%
NOI
£151,882
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
Building FAR
0.61
Land Acres
0.38 AC
Zoning
C2
Parking
82 Spaces (0.36 Spaces per 1,000 SF Leased)
Frontage
163 ft on Main St NE

Amenities

  • Bus Route
  • Signage
  • Signalised Intersection
  • Balcony
Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
[solidcore]
Lunds & Byerlys
Caribou Coffee
Barry's
Noodles & Company
Rusty Taco
U.S. Bank
HOTWORX
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-029-24-23-0471
Land Assessment
£12,466
Improvements Assessment
£1,233,365
Total Assessment
£1,245,831
  • Listing ID: 33353758

  • Date on Market: 30/09/2024

  • Last Updated:

  • Address: 1101 Main St NE, Minneapolis, MN 55413

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