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$2,250,000
15 Days On Site
2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; plus 1201, 1203, & 1Minneapolis, MN 55408
For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
13,099
SqFt
$172
/SqFt
2007
Built
County:
Hennepin
Listing courtesy of Grand Real Estate Advisors
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Offering the entire main floor of the Lumen On Lagoon condo building; 13,099 SF of retail space consisting of 5 total units and all 3 PID's; 33-029-24 43 0144, 33-029-24 43 0146, 33-029-24 43 0148. Long term lease in place with CorePower Yoga for over 36% of the building (+ other tenants). Cap rate of 7.82% based on in-place income. ProForma Cap rate once fully leased is over 14%. Incredible value-add or owner-user investment opportunity in outstanding Uptown location, priced to move. Financials available- contact agent.
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Listing Snapshot
Price
$2,250,000
Days On Site
15 Days
Bedrooms
N/A
Inside Area (SqFt)
13,099 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.54 Acres
Year Built
2007
MLS® Number
6686113
Status
Active
Property Tax
$78,350
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Listing first seen on site |
General Features
Acres
0.54
Additional Property Use
CommercialRetail
Parking
On Street
Property Sub Type
Mixed Use
Sewer
Public Sewer
SqFt Total
13099
Water Source
Public
Zoning
Business/Commercial
Interior Features
Heating
Natural GasForced Air
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Exterior Features
Construction Details
Other
Community Features
Accessibility Features
Accessible Full Bath
School District
Minneapolis
Schools
School District
Minneapolis
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Grand Real Estate Advisors
Listing information is provided by Participants of the Northstar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northstar MLS.
Last checked: 2025-04-02 02:02 AM UTC
Listing information is provided by Participants of the Northstar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northstar MLS.
Last checked: 2025-04-02 02:02 AM UTC
Neighborhood & Commute
Source: Walkscore
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