$425,000
$445,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
3854 Thomas AVE N Minneapolis, MN 55412
10,454 Sqft Lot
Key Details
Sold Price $425,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Thorpe Bros William Penn Add
MLS Listing ID 6705803
Sold Date 04/30/26
Year Built 1926
Annual Tax Amount $9,766
Tax Year 2025
Contingent None
Lot Size 10,454 Sqft
Lot Dimensions 83x126.4
Property Description
Classic 1920s brick retail center in Victory neighborhood. Building has 5 units with a 14 space asphalt parking lot. Well-maintained building with newer forced-air furnaces in each unit and 4 of the 5 units have central air. Main floor units feature 9-10 ft ceiling height, separate front and back entrances, and some units have display windows. Property has a full basement with 8 ft ceiling height. Tenants pay their own heat/gas/electric. Four stable, long-term tenants occupy the 5 spaces. Buy as an investment opportunity or owner-occupy with your own business as space becomes available. Take advantage of the close proximity of Victory Memorial Drive and other thriving, local businesses and become a part of the growing Victory neighborhood business community.
Location
State MN
County Hennepin
Zoning Business/Commercial
Rooms
Basement Block, Full, Single Tenant Access
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Asphalt, Parking Lot
Pool None
Utilities Available Electric Separate, Heating Separate
Roof Type Flat,Rubber
Present Use Professional/Office,Beauty/Barber Shop,Other,Retail
Building
Lot Description Corner Lot
Story One
Foundation 4150
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Block,Brick,Frame
New Construction false
Schools
School District Minneapolis
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