4279 Sheridan AVE S Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55410
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision First Div Of Remington Park
MLS Listing ID 6659848
Year Built 1965
Annual Tax Amount $56,989
Tax Year 2025
Lot Size 6,534 Sqft
Property Description
This is a medical-office, single tenant, triple-net lease property - in Linden Hills.
Tenant is a dermatology group with 7 metro locations.
Tenant pays all expenses. Tenant also pays 4% management fee - $7,500 in 2024.
Newly renovated. Award-winning build-out design by Mohagen Hansen Architects. Completed 2022.
Lease term remaining is 6-years, plus 5-year extension option. 2% annual rent increase. Tenant is
vested - paid $950,000 on total $1.2 million bid-out.
Ideal real estate investment in Linden Hills. Net income without operating headaches.
Location
State MN
County Hennepin
Zoning Business/Commercial,Other
Interior
Heating Forced Air,Zoned
Cooling Central Air,Zoned
Inclusions Building,Leases
Exterior
Parking Features Asphalt,Guest Parking,Paved
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
Building
Lot Description Public Transit (w/in 6 blks)
Foundation 2200
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Minneapolis