1 of 7 - 2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1, Minneapolis, MN Save the listing
2 of 7 - 2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1, Minneapolis, MN
3 of 7 - 2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1, Minneapolis, MN
4 of 7 - 2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1, Minneapolis, MN
5 of 7 - 2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1, Minneapolis, MN
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2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1, Minneapolis, MN

$2,250,000

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0.54

Acres

About 2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1

Offering the entire main floor of the Lumen On Lagoon condo building; 13,099 SF of retail space consisting of 5 total units and all 3 PID's; 33-029-24 43 0144, 33-029-24 43 0146, 33-029-24 43 0148. Long term lease in place with CorePower Yoga for over 36% of the building (+ other tenants). Cap rate of 7.82% based on in-place income. ProForma Cap rate once fully leased is over 14%. Incredible value-add or owner-user investment opportunity in outstanding Uptown location, priced to move. Financials available- contact agent.

Features of 2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1

MLS® # 6686113
Price $2,250,000
Bathrooms 0.00
Acres 0.54
Year Built 2007
Type Commercial Sale
Sub-Type Mixed Use
Style Mixed Use
Status Active

Community Information

Address 2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1
Area Lowry Hill East
City Minneapolis
County Hennepin
State MN
Zip Code 55408

Amenities

Garages On-Street Parking Only, More Parking Offsite for Fee
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Fireplace No

Exterior

Construction Other

School Information

District Minneapolis

Additional Information

Days on Market 68
Zoning Business/Commercial
Foreclosure No
Short Sale No

Listing Details

OfficeGrand Real Estate Advisors

Listing Map

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