$317,500

3453 Penn Avenue NMinneapolis, MN 55412

Type: Commercial

1921 Year Built

Description

Northside Ownership Opportunity! This is an excellent opportunity to launch or expand your real estate portfolio with this Northside Land Trust property. Building currently has one long-term, established tenant + an additional space to lease & build still more equity. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.

MLS ID: 6751994

Directions: Dowling or Lowry to Penn Ave. N. South on Dowling. North on Lowry. End 3453. Southwest corner property.

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Property Details

Essential Details

MLS #: 6751994

Listing courtesy of: Assembly MN LLC

Price: $317,500

Type: Commercial

Contingency: None

Foreclosure: Not disclosed

Zoning: Business/Commercial

Current Use: Beauty/Barber Shop, Food Service, Retail, Vacant

Total Units: 2

Annual Gross Income: $22,000

Annual Gross Expense: $10,225

Annual Electric Expense: $2,664

Annual Fuel Expense: $2,736

Annual Insurance Expense: $9,627

Annual Water/Sewer Expense: $2,076

Parking Features: Gravel, Off Site

Other Parking Spaces: 12

Building Details

Owner Occupied: No

Construction Materials: Stucco

AccessibilityFeatures: Wheelchair Ramp(s)

Roof: Age Over 8 Years

Heating: Forced Air

Style: Business

Year Built: 1921

Foundation Area: 2,122

Sewer: City Sewer - In Street

Water Source: City Water/Connected

Utilities: Electric Separate, Heating Separate, Hot Water Separate

Lot Details

Complex/Dev/Sub Name: Fletcher & Fletchers Add

Lot Dimensions: 43 x 127

Road Frontage: City Street

School Information

District: Minneapolis

District Number: 1

District Phone: 612-668-0000

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 08

Survey Township: 29

Taxes

Tax Year: 2025

Tax Amount: $8,075

Assessment Pending: No

Taxes w/Assessments: $8,075

This listing was last updated by Assembly MN LLC on 8/16/2025 at 11:12 am.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 12/5/2025 2:25 am.

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. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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