$445,000
3854 Thomas Avenue N Minneapolis, MN 55412
For Sale MLS# 6705803
4,150 sq ft Commercial
Details for 3854 Thomas Avenue N
MLS# 6705803
Description for 3854 Thomas Avenue N, Minneapolis, MN, 55412
Classic 1920s brick retail center in Victory neighborhood. Building has 5 units with a 14 space asphalt parking lot. Well-maintained building with newer forced-air furnaces in each unit and 4 of the 5 units have central air. Main floor units feature 9-10 ft ceiling height, separate front and back entrances, and some units have display windows. Property has a full basement with 8 ft ceiling height. Tenants pay their own heat/gas/electric. Four stable, long-term tenants occupy the 5 spaces. Buy as an investment opportunity or owner-occupy with your own business as space becomes available. Take advantage of the close proximity of Victory Memorial Drive and other thriving, local businesses and become a part of the growing Victory neighborhood business community.
Listing Information
Property Type: Commercial, Retail/Shopping Center
Status: Active
Lot Size: 0.24 Acres
Square Feet: 4,150 sq ft
Year Built: 1926
Foundation: 4,150 sq ft
Stories: 1 Story
Subdivision: Thorpe Bros William Penn Add
Number Of Units Total: 5
Current Use: Beauty/Barber Shop,Business Service,Other,Retail
County: Hennepin
Days On Market: 230
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Basement: Single Tenant Access, Full, Concrete Block
Accessibility: Other
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate
Cooling: Central
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Open Parking: 14
Parking Description: Driveway - Asphalt, Parking Lot
Exterior: Brick/Stone
Roof: Flat, Rubber
Lot Dimensions: 83x126.4
Zoning: Business/Commercial
Topography: Level
Additional Exterior/Lot Features: Corner Lot, Land Inclusions - Building,Land, Road Frontage - City, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Driving Directions
Victory Memorial Drive to Dowling Ave N. East on Dowling to Thomas Ave N. North on Thomas to Property.
Financial Considerations
Other Annual Tax: $215
Tenant Pays: Electric,Gas,Heat
Owner Pays: Common Area Maintenance,Exterior Maintenance,Grounds Care,Maintenance/Repair,Repairs,Roof Maintenance,See Remarks,Sewer,Snow,Taxes,Trash,Water
Gross Income: 44400
Tax/Property ID: 0502924410146
Tax Amount: 9766.25
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: RE/MAX Results
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 3854 Thomas Avenue N
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3854 Thomas Avenue N
| Schools in attendance boundaries | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
| Schools nearby | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.