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Presented By: Coldwell Banker Realty
This is a fantastic opportunity to own a turnkey commercial condo portfolio on the coveted retail corner of 50th & Xerxes in the Fulton, Minneapolis neighborhood. This value-add portfolio includes: Three retail/office storefronts, one 10x10 private office/storage room, and six underground parking stalls. Suite #101 was recently leased, #102 and #104 are leased up by established businesses. Suite #101 had a $105,000 renovation in 2021 and #104 underwent a $90,000 renovation in 2020. This is an opportunity to purchase the full portfolio of commercial condo units on the main retail level. A showing must be scheduled to view the property. Please do not disturb current businesses or their staff and refrain from touring the building without an appointment.
Presented By: Coldwell Banker Realty
Basement (Y/N)No
FuelNatural Gas
AccessibilityFully Wheelchair
Additional Parcels Y/NNo
Association AmenitiesElevator(s), Other
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseProfessional/Office, Commercial, Professional Service, Retail
DirectionsFrom Hwy 62, North on Xerxes to 50th Street.
Garage Spaces6
HeatingForced Air
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
NumberOfUnitsTotal3
OwnerPaysRepairs
PostalCityMinneapolis
Property SubtypeMixed Use, Low Rise, Office
Property TypeCommercial Sale
RoofFlat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameCic 1235 Fulton Lofts On Xerxes
Tax Annual Amount5454
Tax Year2023
Tenant PaysAll Utilities
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Virtual TourClick here
Year Built2005
Zoning DescriptionBusiness/Commercial
Building Area Total10000
Foundation Area10865
InclusionsBuilding, Leases, Other
Lot Dimensions.25
Lot FeaturesPublic Transit (w/in 6 blks), Infill Lot, Tree Coverage - Light
Lot Size Area0.25
Parking FeaturesAssigned, Attached Garage, Garage Door Opener, Heated Garage, Underground
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
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