For Sale - Freestanding Retail Daycare Building

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:
Free Standing Building
Amount:
$3,650,000
Cap Rate:
0.00%
Last Verified:
Nov 19, 2024

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For Sale - Freestanding Retail Daycare Building Available For Sale: • Building: 25,340 sf • Lot: .73 acres (31,752 sf) • PID: 17-029-24-34-0004 • Year Built: 1959 (school) • Building: 14,650 sf (9,900 sf on 1st floor, and 4,750 sf on 2nd floor) • Lot: .42 acres (18,232 sf) • PID: 17-029-24-34-0005 • Year Built: 2000 (admin office) • Tax Exempt • Sale Price: $3,650,000 Highlights and Features: • Near North bound by six smaller neighborhoods referred to as North Minneapolis • Bounded by Minneapolis city limits at Xerxes Avenue, Lowry Avenue, Mississippi River and i94, Bassetts Creek and Plymouth Avenue • Well connected to major highways • Zoning: I-A Industrial Assembly • 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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Map of 1501 Xerxes Ave N Xerxes Avenue North , 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.