Active

212 Ridgewood Avenue

Minneapolis MN, 55403

$1,299,000


$172.05 per sqft

Active

7,550 sqft

Commercial

Built in 1932

$100,000 Reduction - Motivated Seller! 9 Unit Mixed-Use For Sale with 3 apartments + 6 offices in the High Demand Loring Park/Lowry Hill area of
Minneapolis. 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 investment owner with a focus in retail.

6461134

MLS ID

November 16, 2023

Listed

May 15, 2024

Updated

Map

212 Ridgewood Avenue
Minneapolis MN, 55403

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Boiler

Exterior/Building Features

Lot Size

0.23 Acres


Lot Features

Irregular Lot


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$20,885


Tax Frequency

Annually


Days on Market

181


Garage

Yes


Garage Spaces

4


Parking

Concrete, Tuckunder Garage


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/15/2024

Price Change

$1,299,000

-8%

1/23/2024

Price Change

$1,399,000

-4%

 

Courtesy of RE/MAX Results

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Regan + Hornig shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 5:07 PM UTC, 5/15/2024

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