3100 - 3106 W 50th Street Minneapolis, MN 55410

$1,599,999
Active
Mixed Use,Low Rise,Office  |  MLS # 6370075
Active
  • Located on 50th & Xerxes in Fulton, Minneapolis
    Located on 50th & Xerxes in Fulton, Minneapolis
  • High traffic counts on this busy corridor; great visibility for businesses
    High traffic counts on this busy corridor; great visibility for businesses
  • Building built in 2005 has been well-maintained through the years
    Building built in 2005 has been well-maintained through the years
  • 3 retail/office storefronts included in the portfolio
    3 retail/office storefronts included in the portfolio
  • View of suite #104- The Exercise Coach
    View of suite #104- The Exercise Coach
  • View of suites #101 and #102
    View of suites #101 and #102
  • Back of building and suite #101
    Back of building and suite #101
  • Side entrance off of 50th St with indoor ramp
    Side entrance off of 50th St with indoor ramp
  • Entrances to suites #101 and #102
    Entrances to suites #101 and #102
  • 3100 - 3106 W 50th Street, Minneapolis, MN 55410 Listing Photo 10
  • Suite #101 is currently vacant and available for lease
    Suite #101 is currently vacant and available for lease
  • Suite #101 private office 1 of 4
    Suite #101 private office 1 of 4
  • Private office 1 of 4
    Private office 1 of 4
  • Conference room/private office 2 of 4
    Conference room/private office 2 of 4
  • Furniture not included in the sale, but is available for purchase
    Furniture not included in the sale, but is available for purchase
  • 3100 - 3106 W 50th Street, Minneapolis, MN 55410 Listing Photo 16
  • Beverage refrigerator and counter space with storage
    Beverage refrigerator and counter space with storage
  • Custom sliding glass doors
    Custom sliding glass doors
  • Light-filled with high ceilings make this suite feel spacious
    Light-filled with high ceilings make this suite feel spacious
  • The open space could house more workspaces/cubicles
    The open space could house more workspaces/cubicles
  • Private office 3 of 4
    Private office 3 of 4
  • Private office 3 of 4
    Private office 3 of 4
  • Private office 3 of 4
    Private office 3 of 4
  • Private office 4 of 4
    Private office 4 of 4
  • Private office 4 of 4
    Private office 4 of 4
  • Private office 4 of 4
    Private office 4 of 4
  • Suite #101 kitchenette with newer stainless appliances tucked around the corner
    Suite #101 kitchenette with newer stainless appliances tucked around the corner
  • Common space and restrooms shared by all commercial units
    Common space and restrooms shared by all commercial units
  • 3100 - 3106 W 50th Street, Minneapolis, MN 55410 Listing Photo 29
  • Suite #101 includes a private storage unit, could also be used as a private office
    Suite #101 includes a private storage unit, could also be used as a private office
  • Suite #101 storage space/private office
    Suite #101 storage space/private office
  • Common space and mail room off of Xerxes Ave
    Common space and mail room off of Xerxes Ave
  • Common space and mail room houses the elevator down to parking
    Common space and mail room houses the elevator down to parking
  • Portfolio includes 6 parking stalls
    Portfolio includes 6 parking stalls
  • Suite #101 has 2 dedicated spaces (included within the 6 stalls)
    Suite #101 has 2 dedicated spaces (included within the 6 stalls)
  • 3100 - 3106 W 50th Street, Minneapolis, MN 55410 Listing Photo 36
  • Underground garage bike storage
    Underground garage bike storage
  • Busy traffic corner, great exposure for businesses
    Busy traffic corner, great exposure for businesses
  • Close to Lake Harriet
    Close to Lake Harriet
  • Iconic Southwest Minneapolis retail corner
    Iconic Southwest Minneapolis retail corner
  • Residential condos on floors 2-3
    Residential condos on floors 2-3
  • 3100 - 3106 W 50th Street, Minneapolis, MN 55410 Listing Photo 42
  • UPS Store across the street, convenient for businesses
    UPS Store across the street, convenient for businesses
  • More retail, antique shops across the street
    More retail, antique shops across the street
  • Jones Coffee across the street
    Jones Coffee across the street
  • The underground garage entrance off of Xerxes Ave and adjacent to the Hunt & Gather shop
    The underground garage entrance off of Xerxes Ave and adjacent to the Hunt & Gather shop
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About The Listing

This is a fantastic opportunity to own a turnkey commercial condo portfolio on the coveted retail corner of 50th & Xerxes in the Fulton, Minneapolis neighborhood. This value-add portfolio includes: Three retail/office storefronts, one 10x10 private office/storage room, and six underground parking stalls. Suite #101 is currently vacant and is available for lease and/or purchase, #102 and #104 are leased up by established businesses. Suite #101 had a $105,000 renovation in 2021 and #104 underwent a $90,000 renovation in 2020. This is an opportunity to either purchase the full portfolio or lease #101. A showing must be scheduled to view the property. Please do not disturb current businesses or their staff and refrain from touring the building without an appointment.


Listing courtesy of Sandra Rieger, Coldwell Banker Realty
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 2005
MLS #: 6370075
Garage Spaces: 6
Parking Description: Assigned, Attached Garage, Garage Door Opener, Heated Garage, Underground
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air
Construction Description: Brick/Stone
Roof Description: Flat
Days On Market (Continuous): 909
Disability Features: Fully Wheelchair
Latest Update: 07/03/2024
List Date: 06/07/2023
Listing Agent ID: 502045304
Listing Office: Coldwell Banker Realty
Listing Office ID: 5116
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Size: 0.25 Acres
Lot Features: Public Transit (w/in 6 blks), Infill Lot, Tree Coverage - Light
School District: Minneapolis
Tax Year: 2023
Estimated Taxes: $5,454
Contingency Type: None
City: Minneapolis
Zip: 55410
County: Hennepin
Subdivision: Cic 1235 Fulton Lofts On Xerxes
State: MN
Listing last updated: 07/03/24

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