4279 Sheridan AVE S, Minneapolis, MN 55410 - MLS#6659848

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Nick Leavy

EXIT Realty Metro

nick@ermetro.com +1(612) 236-5331

$2,100,000

Est. payment - /mo

6,503 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,503 sqft

Price per Sqft $322

Subdivision First Div Of Remington Park

MLS Listing ID 6659848

Year Built 1965

Annual Tax Amount $56,989

Lot Size 6,503 Sqft

Acres 0.15

Lot Dimensions irregular rectangle

Property Description

This is a medical-office, single tenant, triple-net lease property - in Linden Hills.

Tenant is a dermatology group with 7 metro locations.

Tenant pays all expenses. Tenant also pays 4% management fee - $7,500 in 2024.

Newly renovated. Award-winning build-out design by Mohagen Hansen Architects. Completed 2022.

Lease term remaining is 6-years, plus 5-year extension option. 2% annual rent increase. Tenant is
vested - paid $950,000 on total $1.2 million bid-out.

Ideal real estate investment in Linden Hills. Net income without operating headaches.

Location

State MN

County Hennepin

Community First Div Of Remington Park

Direction W 43rd Street to Sheridan Ave S

Rooms

Basement Full

Interior

Heating Forced Air, Zoned

Cooling Central, Zoned

Exterior

Parking Features Guest Parking, Driveway - Asphalt, Paved Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Accessibility Accessible Elevator Installed, Doors 36\"+, Partially Wheelchair

Building

Lot Description Public Transit (w/in 6 blks)

Water City Water/Connected

Others

Senior Community No

Tax ID 0802824420184

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Listed by Keller Williams Realty Integrity Lakes

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