Coon Rapids Multi-Tenant Office Bldg for Sale

10600 University Ave NW Minneapolis, MN 55448

10600 University Ave NW, Minneapolis, MN, 55448
10600 University Ave NW, Minneapolis, MN, 55448 10600 University Ave NW, Minneapolis, MN, 55448 10600 University Ave NW, Minneapolis, MN, 55448
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$795,000
Last Verified:
Jul 30, 2024

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Highlights

  • Multi-Tenant Office Bldg in Prime Location!
  • Close to Bus Lines, restaurants, schools & area amenities
  • 8448 SF property that could be investment or owner-user
  • Two remaining vacancies allow room for owner-user or to lease up and gain additional revenue!

Description

Introducing an exceptional investment opportunity in the heart of Minneapolis. This impressive 8,448 square foot office building, featuring 11 units, exudes timeless appeal and modern functionality. Built in 1987, the property offers a solid foundation for a range of business ventures, with ample space for tenants to thrive. Its strategic location in the Minneapolis area provides access to a wealth of amenities and business opportunities. With its flexible layout and strong historical performance, this property is poised to deliver an attractive return on investment for discerning office building investors seeking a prime asset in a thriving market.

Discover the vibrant city of Minneapolis, where the property is nestled amidst a dynamic business landscape. This prime location offers convenient access to numerous corporate headquarters, including Target, Best Buy, and U.S. Bancorp, making it an ideal investment for office or office building purposes. The area is also home to an array of dining, entertainment, and cultural attractions, such as the renowned Mall of America, the scenic Chain of Lakes, and the bustling Warehouse District. With its strategic position in one of the nation's top metropolitan areas for business and commerce, this location presents a compelling opportunity for savvy investors looking to capitalize on the thriving Minneapolis market.


Year Built: 1987
Building Size: 8448sq ft
Building Class: B
Lot Size: 0.69 acres


Documents

Offering Memorandum


Map of 10600 University Ave NW, Minneapolis, MN, 55448

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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.