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22 N 5th St
Minneapolis, MN 55403

Retail Property For Sale

Executive Summary

Discover a unique investment opportunity in the heart of Minneapolis's downtown destination district. This multi-level property, formerly a prominent furniture store, offers endless potential for the visionary investor or operator. Situated in one of the most sought-after and high-traffic areas of downtown, this property boasts high foot traffic, visibility, and easy access to major transportation routes. With multiple levels of versatile space, this property can easily accommodate a variety of uses - from retail shops and restaurants or entertainment to creative studios. While retaining its unique architectural character, the building offers the opportunity to preserve its historical elements while modernizing the space. Investors could have an opportunity to leverage historical tax credits to enhance the property, maximizing returns while contributing to the rich history of the area. Don't miss out on a chance to own a piece of downtown Minneapolis with significant potential for growth and transformation!

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
25,272 SF
Building Class
C
Year Built
1908
Price
£1,900,198
Price Per SF
£75
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
2.98
Lot Size
0.19 AC
Zoning
B4S-2
Parking
1.35 Spaces per 1,000 SF Leased
Frontage
40 ft on 5th

Amenities

  • Bus Route
  • Commuter Rail
  • Public Transport
  • Pylon Sign
  • Signage
  • Signalised Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-029-24-43-0104
Land Assessment
£1,109,465
Improvements Assessment
£316,277
Total Assessment
£1,425,743
  • Listing ID: 33527710

  • Date on Market: 15/10/2024

  • Last Updated:

  • Address: 22 N 5th St, Minneapolis, MN 55403

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