Address
1000 Oliver Avenue N, Minneapolis, MN
Price
$ 5,400,000
Property Attributes
  • ID#6534066
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaOak Park Add
  • NeighborhoodOak Park Add
  • Zip55411
  • Style
  • Price$ 5,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17117
  • Lot Size0.37 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

This is a great opportunity for a community developer to work in the Near North community of Minneapolis. The property is located in federally recognized Opportunity and Promise Zones. The property consists of 8 contiguous lots from Oliver to Newton Ave N with a total of 42,669 SF that is .97% of an acre. The building was built in 1926 and is historically designated by the city of Minneapolis. The lower level has a number of walk-in coolers and freezers that were used previously for food distribution. The property is is centrally located less than 1 mile from Target Field and the North Loop. This is a great opportunity for a developer with nearly an acre of land and a beautiful historic building to develop in Minneapolis. This is a Community Development project waiting for the right developer-You!

Price History
5/14/2024 Listed $5,400,000

General Features

Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Common,Hot Water Common
Roof Age Over 8 Years,Asphalt,Flat,Pitched
Garage Spaces 3
Construction Materials Brick/Stone
Year Built 1926
Topography Level
Levels Three Or More
Tax Year 2024
Current Use Church,Event Space,Food Service,Office
Accessibility Doors 36 +
County Hennepin
Property Type Commercial Sale
Contingency None
Subdivision Name Oak Park Add
Possible Use Office,Professional Service,Restaurant,Retail
Directions From the intersection of Highway 55 and Penn Go 2 blocks N from Olson Memorial-Highway 55 then 1 block E of Penn Ave to Oliver behind Lincoln School.
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Residential-Single Family
NumberOfUnitsTotal 1
Lot Size Units Acres
Street Name Oliver
Land Lease Y/N No
Additional Parcels Y/N No
Days on Market 18
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement (Y/N) No
Ceiling Height Varied Heights
Foundation Dimensions 65 x 90 & 56 x 56
Fuel Natural Gas

Exterior Features

Parking Features Detached,Asphalt,Electric,Parking Lot
Lot Features Corner Lot,Tree Coverage - Medium
Water Source City Water/Connected
Inclusions Building,Business Assets,Fixture/Equipment,Land
Lot Size Area 0.37
Building Area Total 17117
Lot Dimensions 42,669 or .97% Acre Total
Street Suffix Avenue
Foundation Area 9014
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55411

Price
AVG $1.1M
$5.4M
Visits
AVG 184
342
Data Provided by Inside Real Estate®
Year Built
AVG 1936
1926

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