Fire Barn & Shoppes at St. Anthony Village
24 University Avenue NE Minneapolis, Minnesota 55413
- 42,266 Square Feet
- Office Retail
- For Sale
24 University Avenue NE, Minneapolis, MN
Net Rentable Area:
Approximately 1.48 acres
1910 - Fire Barn and Fire Barn Annex Buildings
2002 - Shoppes at St. Anthony Village & parking facility
Number of Stories:
Fire Barn Building - 2
Fire Barn Annex - 1
Shoppes at St. Anthony - 1
The Property is being offered free and clear of existing debt and without an asking price. The Property produces a year one net operating income of $1,260,366.
The Property is fully occupied by a diverse blend of tenants.
The Property is ideally located in the St. Anthony neighborhood of northeast Minneapolis. Located just across the Mississippi River from the Minneapolis central business district, the St. Anthony neighborhood is a unique blend of diversely owned and rental housing, interesting restaurants and bars, shopping and creative and tech office space.
The Property's tenants and customers enjoy 192 parking spaces, an unusual and highly-sought after attribute in a dense urban location.
Live, Work, Play:
With its proximity to the Mississippi River, downtown Minneapolis and the University of Minnesota, Northeast is a hub for transit, industry and commerce, entertainment and ample dining and nightlife establishments. With a thriving arts district, Northeast is a quintessential urban neighborhood that embodies the live-work-play environment desired by tenants and professionals of every generation.
Excellent Property Fundamentals:
The Property has multiple access points; the main access point is University Avenue NE with a secondary access point off of 2nd Street.
Free and Clear of Existing Debt:
The Property is being offered free and clear of existing debt allowing investors to deploy a substantial amount of equity in one transaction and for those investors seeking to use leverage, access to favorable debt markets.
Area Available: 42,266 Square Feet