212 RIDGEWOOD AVENUE

212 Ridgewood Avenue, Minneapolis, 55403, MN

DETAILS

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.

INTERIOR

  • Bedrooms: N/A

  • Fin ft² / Living Area: N/A

  • Below Ground Living: N/A

  • Bathrooms: N/A

  • Above Ground Living: N/A

  • Basement Details: Finished,

  • Appliances Included:

EXTERIOR

  • Air Conditioning: N/A

  • Garage Spaces: 4

  • Construction Materials: N/A

  • Foundation Size: 2138ft²

  • Unit Amenities:

  • Heating System:

    • Boiler

LOT

  • Acres: N/A

  • Lot Size Dim.: 89x146

  • Longitude: 44.9641

  • Latitude: -93.2815

  • Zoning: Business/Commercial,Residential-Multi-Family

FINANCIAL & TAXES

  • Tax year: 2024

  • Tax annual amount: $20,885

MISCELLANEOUS

  • Fuel System: N/A

  • Sewer System: City Sewer/Connected

  • Water System: City Water/Connected

ADITIONAL INFORMATION

  • MLS#: NST7307498

  • Listing Brokerage: RE/MAX Results Agency Icon

ID: 2491844
Published: November 17, 2023
Last Update: November 17, 2023
Views: 44