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Mixed-Use

Chicago Avenue Shops

3728 - 3740 Chicago Ave, Minneapolis, MN 55407

Listing Price: $1,650,000

Cap Rate
5.42%
Number of Units
10
Occupancy
100.0%
Price/Unit
$165,000
Price/Gross SF
$108.23
Gross SF
15,246

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale the Chicago Avenue Shops. This is a unique 2 building mixed use opportunity with 5 retail spaces and 4 residential apartments. All commercial and residential spaces have been completely renovated within the last 5 years. The location of the property is within an opportunity zone in Minneapolis, MN with multiple local, regional, and national outlets providing business support, as well as continued renovation and building update support. There is additional passive income via the dual sided Clear Channel billboard atop the property, and solar paneling that assists in offsetting electricity costs and pays monthly dividends. This property is a great opportunity for someone to grow within the 38th & Chicago community, providing high quality retail and residential options for businesses and tenants.

Investment Highlights

  • Chicago Avenue Shops provides a unique investment opportunity with completely renovated retail and residential components.
  • Retail spaces include several divisible orientations that could create additional value for future owners.
  • The 4 residential and 6 retail units have been completely renovated, new floors, appliances, woodwork, fixtures, and sound absorbing floor underlayment.

Exclusively Listed By

Financing By

Mixed-Use

Chicago Avenue Shops

Listing Price: $1,650,000

Cap Rate
5.42%
Number of Units
10
Occupancy
100.0%
Price/Unit
$165,000
Price/Gross SF
$108.23
Gross SF
15,246

Investment Highlights

  • Chicago Avenue Shops provides a unique investment opportunity with completely renovated retail and residential components.
  • Retail spaces include several divisible orientations that could create additional value for future owners.
  • The 4 residential and 6 retail units have been completely renovated, new floors, appliances, woodwork, fixtures, and sound absorbing floor underlayment.

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale the Chicago Avenue Shops. This is a unique 2 building mixed use opportunity with 5 retail spaces and 4 residential apartments. All commercial and residential spaces have been completely renovated within the last 5 years. The location of the property is within an opportunity zone in Minneapolis, MN with multiple local, regional, and national outlets providing business support, as well as continued renovation and building update support. There is additional passive income via the dual sided Clear Channel billboard atop the property, and solar paneling that assists in offsetting electricity costs and pays monthly dividends. This property is a great opportunity for someone to grow within the 38th & Chicago community, providing high quality retail and residential options for businesses and tenants.

Exclusively Listed By

Financing By

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