212 Ridgewood AVE Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55403
Key Details
Property Type Condo, Commercial
Sub Type Apartment,Low Rise,Office
Listing Status Active
Purchase Type For Sale
Subdivision Ridgewood Add
MLS Listing ID 6625789
Year Built 1932
Annual Tax Amount $20,885
Tax Year 2024
Lot Size 10,018 Sqft
Property Description
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.
Location
State MN
County Hennepin
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building,Land,Leases,Rental License
Exterior
Garage Concrete,Tuckunder Garage
Garage Spaces 4.0
Utilities Available Electric Separate,Heating Common,Hot Water Common
Building
Lot Description Irregular Lot
Foundation 2138
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Stucco
Schools
School District Minneapolis