3501 Penn Avenue N, Minneapolis, MN 55412 (MLS# 7153508)

3501 Penn Avenue N, Minneapolis, MN 55412

New Listing
$269,000
Property Type: Commercial Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $269,000 List Date: 10/01/2026 Last Modified: 10/01/2026

Overview

Description

Fully occupied commercial investment opportunity in North Minneapolis. This property is in good condition with existing tenants already in place, offering an investor the opportunity to acquire an occupied income-producing asset. Put your money to work with a property where tenant income can help offset ownership costs while you build equity over time. Seller is also offering additional nearby properties, providing an opportunity to acquire multiple assets along the Penn Avenue corridor.

Listing Details MLS# 7153508

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Waterfront YN
No
Year Built
1922
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Size SqFt
7841
Foundation Size
3310
For Sale or Lease
For Sale
Lot Dimensions
60x129
Assessment Pending
No

Property Features

Accessible: None CMU Style: Business Opportunity; Office; Retail/Shopping Center Construction Status: Previously Owned Current Use: Beauty/Barber Shop; Professional Service Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lock Box Type: Combo On Site Utilities: Electric Separate Sewer: City Sewer - In Street Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
269000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3501
Street Name
Penn
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
Utopia

Assessments

Tax With Assessments
8117

Building Information

Building Finished SqFt
6571

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
08
Township#
29

Sale Options

Sale Includes
Building

Unit Details

Total Units
4
IDX
Listing Office: LPT Realty, LLC
Last Updated: October - 01 - 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.
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