Joe Sorenson Realty
Brian R Amiot, Joe Sorenson RealtyPhone: (612) 251-8003
Email: [email protected]
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listing
1 of 7
CommercialFor Sale
$2,250,000
2938 Emerson Avenue S 2930 Emerson No.'s 101 & 102; Plus 1201, 1203, & 1
Minneapolis, MN 55408
Listing Office: Grand Real Estate Advisors
MLS: Northstar MLS
Est. Mortgage
$11,714/mo

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.

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