Investment Overview

Marcus & Millichap as the exclusive listing agent is pleased to present for sale Hennepin & Central, a contiguous three building, 47 unit mixed-use portfolio located in Minneapolis, MN. The Hennepin & Central portfolio presents a compelling trio of mixed-use properties, featuring 9 versatile retail suites and 38 inviting residential units. Conveniently situated side by side in Minneapolis’ Nicollet Island neighborhood, these properties collectively occupy a 0.82-acre lot. The property is home to The neighborhood favorite The Gardens of Solonica resturaunt with Kramarczuk’s Sausage Co., and The Sonder Shaker just steps away. Also, within walking distance, you’ll find Holmes Park and Saint Anthony Park, two ideal locations for enjoying all that Minnesota has to offer. The residential units within the Hennepin & Central portfolio offer a diverse array of living options to cater to various lifestyles. This includes an assortment of boarding rooms, studios, one-bedroom, and two-bedroom residences. Ten one-bedroom, four two-bedroom, and two studio units have been thoughtfully renovated, ensuring modern comfort and convenience while preserving the unique character of each living space. On the commercial front, the retail units within this portfolio offer outstanding flexibility and opportunity. Spanning from 1,600 to 4,017 square feet, these versatile spaces provide an attractive canvas for a variety of businesses. Notably, these properties boast high visibility and convenient walkability, ensuring that businesses benefit from a prime location that seamlessly integrates with the vibrant neighborhood. Hennepin & Central is distinguished by its strategic positioning, providing optimal visibility for the retail units. A portion of the units have undergone thoughtful renovations, ensuring a contemporary and welcoming atmosphere while preserving its historic charm. With a varied blend of residential and retail spaces, Hennepin & Central caters to a broad and diverse rental market. A motivated investor can explore the advantageous location, enhanced visibility, updated interiors, and diverse unit mix to assess the potential for optimizing occupancy rates and generating a strong cash flow.