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$1,350,000

1 Beds 4 Baths 7,040 SQFT 0.08 Acres
Type: Commercial

213 1/2 Washington Avenue N
Minneapolis, MN 55401

MLS#: 7146199
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Compass

Property Description

 

Rare North Loop mixed-use opportunity with income, character & incredible flexibility! Own a piece of history in this distinctive 1877 building featuring authentic loft character and an unbeatable urban location. The 1,760 SF main level is leased to a long-term retail tenant with 20 years of occupancy and $50,000+ in gross annual rent, while the tenant pays utilities and other expenses. Upper levels offer exceptional flexibility for additional rental income, creative workspace, or an owner-occupied live/work arrangement. The second level features a spacious open studio, hardwood floors, two darkrooms, office, bath and abundant storage. The third level delivers true loft living with an island kitchen, bedroom, office, storage, full bath plus additional space above. Enjoy city views from decks off levels two and three. Exposed brick, soaring beamed ceilings, hardwood floors and rich woodwork create a one-of-a-kind atmosphere. Walk to restaurants, Twins games, entertainment and everything the vibrant North Loop has to offer. A rare opportunity to combine established rental income with a remarkable live/work or investment property in one of Minneapolis' most sought-after neighborhoods.


 

Interior Features

Bedrooms

Total Bedrooms1

Bathrooms

Total Baths4

Other Interior Features

BasementEgress Window(s), Storage Space, Unfinished
Basement (Y/N)Yes
Ceiling Height11-15
Foundation Dimensions20x80
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitBalcony, Ceiling Fan(s), Deck, Hardwood Floors, Intercom System, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Natural Woodwork, Panoramic View, Security System, Skylight, Tennis Court, V
AppliancesCooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator
CityMinneapolis
Construction MaterialsBlock, Stone
ContingencyNone
CoolingCentral Air, Zoned
CountyHennepin
Current UseRetail
DirectionsWashington Ave North Minneapolis
Electric Expense795
Fuel Expense994
Garage Spaces2
Gross Income50400
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense7000
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
MaintenanceExpense500
Net Operating Income18585
New ConstructionNo
Number Of Units Total2
Operating Expense31815
OwnerPaysCommon Area Maintenance, Electricity, Exterior Maintenance, Fuel, Gas, Heat, Hot Water, HVAC Maintenance, Insurance, Repairs, Telephone, Security, Taxes
Pool FeaturesNone
Possible UseOffice, Other, Retail, Income
PostalCityMinneapolis
Property TypeCommercial Sale
RoofAge 8 Years or Less, Flat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameTown Of Minneapolis
Tax Annual Amount$27,272
Tax Year2026
Tenant PaysElectricity, Fuel, Gas, Heat, Hot Water, HVAC Maintenance, Insurance, Maintenance, Telephone, Repairs, Security
Trash Expense0
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Virtual TourClick here
Water Sewer Expense0
Year Built1877
Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total7,040 sqft
FencingOther
Foundation Area1,760 sqft
InclusionsBuilding, Fixture/Equipment, Leases
Lot Dimensions22x162
Lot FeaturesPublic Transit (w/in 6 blks), Zero Lot Line
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Paved Lot
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$1,350,000

1 Beds 4 Baths 7,040 SQFT 0.08 Acres
Type: Commercial

213 1/2 Washington Avenue N
Minneapolis, MN 55401

MLS#: 7146199
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800