Centrally Located Industrial Building For Sale In Minneapolis

554 8th Avenue N Minneapolis, MN 55411

Property Type:
Other Industrial
Please Call Broker for Price

Last Verified:
Jun 05, 2023

Centrally Located Industrial Building For Sale In Minneapolis 554 8th Avenue North is a highly desirable North Loop location within proximity to retail and restaurants as well as I-94 and the Floyd B. Olson Memorial Highway. This offering has excellent potential for an owner/user looking to maximize the central location. The building is currently used as a food bank, which will be vacated once the property is sold. Highlights and Features: • Building: 4,002 SF • Land: .23 acres/10,019 sf • 22-029-24-23-0082 • Year Built: 1950 • 6 dedicated and secured parking spots • Zoning: I2 allows for a variety of uses • 2 dock doors • 1-walk in Freezer and 1-walk in Cooler Demographics and Traffic Counts: • Average Household Population: 1 mile - 9,995, 3 miles - 126,845, 5 miles - 301,628 • Average Household Income: 1 mile - $50,146, 3 miles - $51,760, 5 miles - $55,983 • I94 - 84,620 vpd, 4th St N Ramp - 18,000 vpd, 8th Ave N - 7,739 vpd, 10th Ave N - 8,400 vpd Sale Price: Negotiable

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Map of 554 8th Avenue N, Minneapolis, MN, 55411

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.