3701 Fremont Avenue N, Minneapolis, MN 55412 (MLS# 7120714)

3701 Fremont Avenue N, Minneapolis, MN 55412

$409,999
Property Type: Commercial Bedrooms: 3 Baths: 2 Square Footage: 5,774 Status: Active
Current Price: $409,999 List Date: 8/03/2026 Last Modified: 10/01/2026

Overview

Description

Unlock the potential now with an even more compelling investment value! With the sellers out of state, we're offering a unique chance to own this versatile commercial property, complete with apartments upstairs. It's the perfect time to expand your portfolio. Motivated sellers have relocated, creating a fantastic opportunity for an ambitious business owner or investor. This unique property features over 1,800 square feet of versatile retail or commercial space on the main level, complemented by additional storage in the basement. The upper level offers two rental units—a one-bedroom and a two-bedroom—both featuring spacious layouts and access to shared laundry facilities. Ideally located on a bus line just two blocks from Folwell Park, this property is perfect for an owner-occupant looking to run a business while generating rental income. Includes a two-car tuck-under garage. The potential here is truly endless! Great opportunity in an area that is up and coming. ***

Listing Details MLS# 7120714

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1926
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
5774
Garage Stalls
2
For Sale or Lease
For Sale
Lot Dimensions
5227
Assessment Pending
Unknown

Property Features

Accessible: None Air Conditioning: None Amenities Shared: None Amenities Unit: None Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Partial CMU Style: Apartments and Retail Construction Materials: Brick; Stone Construction Status: Previously Owned Current Use: Commercial; Office; Residential; Retail Existing Financing: Conventional Exterior: Brick/Stone Fencing: None Foundation: Stone Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional; FHA; VA Lock Box Type: Combo Miscellaneous Information: 220 Volt On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Management; Pest Control; Security; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Tuckunder Garage Pool Description: None Rent Rate per Foot: Per Month Rental License Type: Other Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Flat Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Gas; Heat; Hot Water; Parking Fee; Telephone Topography: Flood Plain Wall Description: Drywall Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
409999
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3701
Street Name
Fremont
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412

Building Information

Building Finished SqFt
5774
Building SqFt
5774

Income and Expenses

Annual Gross Income
55800

More Information

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
OTHER

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
17x22
Garage Square Feet
382

Public Survey Info

Range#
24
Section#
04
Township#
29

Sale Options

Sale Includes
Building, Fixture/Equipment

Unit 1

Unit Number
Yes
Monthly Rent
1700
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Level
2nd Level
Leased?
Yes
Lease Expiration Date
2026-02-28
No. of 1 Bedroom Units
Yes

Unit 2

Full Baths
Yes
Leased?
No
Level
2nd Level
Monthly Rent
1000
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
2

Unit 3

No. of 3 Bedroom Units
Yes

Unit Details

Total Units
2
IDX
Listing Office: Coldwell Banker Realty
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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