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Wilen Real Estate
2938 Emerson Avenue, Minneapolis, MN 55408
2938 Emerson Avenue, Minneapolis, MN 55408
Commercial Sale
N/A Beds
N/A Baths
N/A SQFT
2,007 Year Built
0.54 Acres
No Waterfront
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.
Listed by: Grand Real Estate Advisors
Listed by: Grand Real Estate Advisors
TALK WITH AN AGENT & SCHEDULE A SHOWING
Mike Wilen
Licensed Real Estate Agent
612-400-9000
info@WilenRealEstate.com
Mike Wilen
Licensed Real Estate Agent
612-400-9000
info@WilenRealEstate.com
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