Property For Sale - Zoned For Assembly | School/Daycare/Religious

1501 Xerxes Ave N Xerxes Avenue North Minneapolis, MN 55411

1501 Xerxes Ave N Xerxes Avenue North , Minneapolis, MN, 55411
1501 Xerxes Ave N Xerxes Avenue North , Minneapolis, MN, 55411 1501 Xerxes Ave N Xerxes Avenue North , Minneapolis, MN, 55411 1501 Xerxes Ave N Xerxes Avenue North , Minneapolis, MN, 55411
FOR SALE
Property Type:
Other Special Purpose
Amount:
$3,650,000
Cap Rate:
0.00%
Last Verified:
Nov 21, 2024

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Property For Sale - Zoned For Assembly | School/Daycare/Religious Available For Sale: 25,340 total SF • PID: 17-029-24-34-0004 • Building: 10,690 sf • Lot: .73 acres (31,752 sf) • Year Built: 1959 (school) • PID: 17-029-24-34-0005 • Building: 14,650 sf (9,900 sf on 1st floor, and 4,750 sf on 2nd floor) • Lot: .42 acres (18,232 sf) • Year Built: 2000 • Tax Exempt • Sale Price: $3,650,000 Highlights and Features: • Flanked by six smaller neighborhoods referred to as North Minneapolis • Bordered on the most eastern edge of Golden Valley’s Theodore Wirth Regional Park and the western edge of the Minneapolis City limits • This property is centrally located and minutes to several major thoroughfares • Zoning: I-A Institutional Assembly • Elevator • Parking Spaces: 30 • Average Population: 1 mile - 8,499, 3 miles - 68,326, and 5 miles - 227,571 • Average Household Income: 1 mile - $58,043, 3 miles - $64,036, and 5 miles - $61,699

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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."

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