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6316-6408 56th Ave N
Minneapolis, MN 55428

$2,995,000 USD

Storefront Retail Office For Sale  •  28,000 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 28,000 SF
  • Lot Size 0.71 AC
  • Building Class C
  • Year Built 1952
  • Tenancy Multiple
  • Zoning C
29 Transit Score
76 Walk Score

Highlights

Located in a dense retail corridor in the first ring suburb Crystal. The property is located just 6 miles Northwest of Downtown Minneapolis.
Retail corridor features national tenants such as Target, Aldi, Starbuck’s and McDonalds.
Diverse tenant mix at rents significantly below market.
Strong going-in cash flow and Cap Rate with significant upside through rent growth and converting to net leases.
Property is priced well below replacement cost.
The property is located near two major interstates and two large highways, seeing over 100,000 vehicles per day.

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Fridley Station (Northstar Corridor - Northstar Commuter Rail) 11 min - 7.1 mi
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 15 min - 7.2 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 32 min - 22.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Sean Doyle 952-924-4600 CBRE
Sean Doyle 952-924-4600 CBRE