5 Bay Auto Repair Business For Sale and/or Redevelopment OpportunityCONFIDENTIAL - PLEASE DO NOT APPROACH THE BUSINESS DIRECTLY

5800 Nicollet Avenue Minneapolis, MN 55419

5800 Nicollet Avenue, Minneapolis, MN, 55419
5800 Nicollet Avenue, Minneapolis, MN, 55419
FOR SALE
Property Type:
Industrial
Amount:
$1,000,000
Cap Rate:
0.00%
Last Verified:
Jul 26, 2024

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5 Bay Auto Repair Business For Sale and/or Redevelopment Opportunity CONFIDENTIAL - PLEASE DO NOT APPROACH THE BUSINESS DIRECTLY This is your opportunity to own the southwest corner of 58th & Nicollet. The site has easy access from both 35W and Highway 62 (Crosstown). The future of Nicollet will continue to grow as it is reconnected to downtown in the coming years. Wuensch Automotive has been performing high-quality automotive services for decades and has an incredibly loyal customer base. The business, building, and all FF&E are all available. The business owner/property owner would also consider selling to a developer. Area tenants include Cub Foods, Magnuson Sod/Klier’s Nursery Garden Center, Windom Community School, Goodwill, Peter’s Billiards, Bachman’s Garden Center and more. Available For Sale - Property and Business: PID: 22-028-24-31-0117 and 22-028-24-31-0117 Building SF: 3,304 sf Parcel Area: 0.3 acres | 12,911 sf Year Built: 1950 and 1953 Floors: 1 Zoning: C2 2024 Tax: $20,259.12 Sale Price: $1,200,000.00 Demographics and Traffic Counts: Average Household Population: 1 mile - 10,061, 3 miles - 81,176 and 5 miles - 226,080 Average Household Income: 1 mile - $85,591, 3 miles - $87,309 and 5 miles - $78,011 Nicollet Avenue - 12,400 vpd, 58th St - 2,850 vpd and 35W - 139,395 vpd

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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.