2938 Emerson Avenue, Minneapolis, Minnesota, 55408
$2,250,000
Other
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.
Street Address: 2938 Emerson Avenue
City: Minneapolis
State: Minnesota
Postal Code: 55408
County: Hennepin
MLS Number: 6686113
Year Built: 2007
Courtesy of Grand Real Estate Advisors
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