1223 42nd Avenue N, Minneapolis, MN 55412 (MLS# 7149007)

1223 42nd Avenue N, Minneapolis, MN 55412

$599,900
Property Type: Commercial Bedrooms: 4 Baths: 6 Square Footage: 7,700 Lot Size (sq. ft.): 7,052 Status: Active
Current Price: $599,900 List Date: 9/24/2026 Last Modified: 9/24/2026

Overview

Description

This amazing opportunity to own a mixed-use building in the Camden Neighborhood of Minneapolis. Sale includes the bar. Two residential units upstairs, plus 5 commercial units on main level. Lots of off-street parking and opportunities to expand. One residential unit is vacant but has on offer to rent. Second residential unit has same tenants for 15 years. A great corner location with multiple revenue streams!

Listing Details MLS# 7149007

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Other Parking Spaces
12
Owner Occupied
No
Waterfront YN
No
Year Built
1901
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Size SqFt
7052
Foundation Size
2950
Garage Stalls
Yes
For Sale or Lease
For Sale
Lot Dimensions
55.1x128
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: None Amenities Shared: None Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Full; Single Tenant Access CMU Style: Apartments and Retail Construction Materials: Brick; Frame Construction Status: Previously Owned Current Use: Beauty/Barber Shop; Residential; Retail; Tavern/Lounge Exterior: Brick Veneer Fencing: None Flooring: Heavy Duty; Wood Foundation: Other Fuel: Natural Gas Heating: Boiler Loan Terms: Cash; Conventional; Other Lot Description: Infill Lot On Site Utilities: Electric Separate; Heating Common Overhead Door Clearance: 0-9 Feet Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Heat; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Janitorial Service; Maintenance/Repair; Management; Pest Control; Repairs; Roof Maintenance Parking Characteristics: Parking Lot; Paved Lot; Unassigned Pool Description: None Rent Rate per Foot: Gross Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Rubber Sewer: City Sewer/Connected Tenant Pays: Cable TV; Electricity; Telephone Wall Description: Drywall; Finished; Plaster Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
599900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1223
Street Name
42nd
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
Wyoming Park Add

Assessments

Tax With Assessments
13121

Building Information

Building Finished SqFt
5900
Building SqFt
7700
Ceiling Height
8-10

More Information

Income and Expenses

Annual Gross Expenses
28000
Annual Gross Income
53400
Annual Net Income
25400

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
25x30
Garage Square Feet
750

Public Survey Info

Range#
24
Section#
04
Township#
29

Sale Options

Sale Includes
Building, Business, Fixture/Equipment, Inventory, Leases, Liquor License

Unit 1

Unit Number
Yes
Monthly Rent
1000
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
3
Level
2nd Level
Leased?
Yes
Lease Expiration Date
2027-06-30
No. of 1 Bedroom Units
Yes

Unit 2

Full Baths
Yes
Leased?
No
Level
2nd Level
Monthly Rent
2000
Total Bathrooms
Yes
Total Bedrooms
3
Total Rooms
5
Unit Number
2

Unit 3

No. of 3 Bedroom Units
Yes
Lease Expiration Date
2027-03-01
Leased?
Yes
Level
Main Level
Monthly Rent
1200
Total Rooms
Yes
Unit Number
3

Unit 4

Leased?
No
Level
Main Level
Monthly Rent
2000
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Rooms
2
Unit Number
4

Unit 5

Half Baths
Yes
Lease Expiration Date
2027-06-01
Leased?
Yes
Level
Multi-Level
Monthly Rent
1500
Total Bathrooms
Yes
Total Rooms
3
Unit Number
5

Unit 6

Half Baths
2
Lease Expiration Date
2025-06-30
Leased?
Yes
Level
Main Level
Monthly Rent
750
Total Bathrooms
2
Total Rooms
2
Unit Number
6

Unit Details

Total Units
6
IDX
Listing Office: Keller Williams Realty Integrity Lakes
Last Updated: September - 24 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.