$339,500

3501 Penn Avenue NMinneapolis, MN 55412

Type: Commercial

1922 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. Option to purchase through Land trust or as a standard sale. Building currently approximately 75% occupied with active month-to-month leases & established tenants. Middle store front (3503) currently vacant and being updated. Tons of basement storage and additional bonus space/SF. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.

MLS ID: 6773663

Directions: South on Dowling. North on Lowry. End 3501 Penn Ave. N.

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Property Details

Essential Details

MLS #: 6773663

Listing courtesy of: Assembly MN LLC

Price: $339,500

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Business/Commercial, Other

Current Use: Professional/Office, Beauty/Barber Shop, Food Service, Office

Total Units: 4

Net Operating Income: $42,000

Tenant Pays: Electricity

Owner Pays: Taxes

Parking Features: Gravel, On-Street Parking Only

Other Parking Spaces: 10

Building Details

Owner Occupied: No

Construction Materials: Brick/Stone

AccessibilityFeatures: None

Heating: Forced Air, Hot Water

Cooling: Central Air

Year Built: 1922

Foundation Area: 3,310

Sewer: City Sewer - In Street

Water Source: City Water/Connected, City Water - In Street

Utilities: Electric Separate, Hot Water Separate

Lot Details

Complex/Dev/Sub Name: Utopia

Lot Dimensions: 60x129

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: $7,777

Assessment Pending: No

Taxes w/Assessments: $7,777

This listing was last updated by Assembly MN LLC on 8/22/2025 at 1:55 pm.

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 3:05 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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