a Berkshire Hathaway affiliate

$125,000

730 2nd Avenue S, Minneapolis, MN 55402


730 2nd Avenue S Minneapolis, MN 55402

For Sale MLS# 5730045

1,600 sq ft Commercial

Data current as of {{getLocalTime('2021-05-14T13:15:40Z')}}

Details

for 730 2nd Avenue S

MLS# 5730045

Description for 730 2nd Avenue S, Minneapolis, MN, 55402


SELLER WILL LOOK AT ALL OFFERS! Restaurant business opportunity in downtown Minneapolis at the Baker Center. Sales include appliances, equipment and other business related items. No real estate. Restaurant has been running for about 7 years and is serving Vietnamese and Chinese food. Rent is $3,400/mo plus electricity and gas. Current lease expires on 3/2023 plus a 4-year option with .25/sqft per year increase. Seller will provide 2 weeks training. Seller will accept cash and guaranteed installment loan with 50% down and 50% to be paid off in 2 years.

Listing Information


Property Type: Commercial, Business Opportunity

Status: Active

Lot Size: 0.77 Acres

Square Feet: 1,600 sq ft

Year Built: 1926

Foundation: 1,600 sq ft

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Auditors Sub 178

Builder:

Foundation:

Total Units: 1

Current Use: Restaurant

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Hennepin

Days On Market: 50

HERS Score:

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Elementary:

Middle:

High:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: Heating Separate,Electric Separate

Other Utilities:

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Parking Spaces: 0

Parking Description: Other

Exterior: Other

Lot View:

Farm Type:

Crop Type:

Zoning: Business/Commercial

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Driving Directions


S 8th St and 2nd Ave

Financial Considerations


Other Deposit Fees:

Assessments: $54,842

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 2702924110007

Tax Amount: $537,127

Tax Year: 2020

HomeStead Description: Non-Homesteaded

Price Changes


$150,000 Original Price
$125,000 Current Price
-$25,000 Total Change
Date Price Change
4/21/2021 03:47 PM $125,000 -$25,000
3/25/2021 02:49 AM $150,000

Sales History

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Tax Summary

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Estimated Market Value Taxable Market Value Total Tax
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Schools nearby 730 2nd Avenue S

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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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.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings