$1,595,000
Minneapolis, MN 55441
MLS# 7043444
1 / 6
Property Description
Property Specifications: Building Size: 7,580 sf Lot Size: .64 acres Year Built: 1970 Units: 3 tenants Property Taxes: $31,043 Parking: 25 stalls Traffic Counts: 35,500 per day off Highway 55 Zoning: C-3 Highway Commercial
Details
Maps
Documents
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $1,595,000
Contingency: None
ListPrice: 1595000
List Date: 2026-03-26
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 25
Waterfront Present: No
Year Built: 1970
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 155x181
Acres: 0.64
Foundation Size: 7580
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: BLOCK 004 SCHIEBES HIGHLAND VIEW ADDN SWLY 199 38/100 FT OF NWLY 135 FT OF BLK 4 INCL ADJ 1/2 OF ST VAC
Listing City: Plymouth
Map Page: 105
Municipality: Plymouth
School District: Wayzata
School District Phone: 763-745-5000
Zip Plus 4: 9730
Property ID Number: 3611822230022
Tax Year: 2026
Tax Amount: 31043
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Property Specifications:
Building Size: 7,580 sf
Lot Size: .64 acres
Year Built: 1970
Units: 3 tenants
Property Taxes: $31,043
Parking: 25 stalls
Traffic Counts: 35,500 per day off Highway 55
Zoning: C-3 Highway Commercial
Directions: Located on the north side of Highway 55 frontage road and one block east of the intersection of Highway 55 and 10th Avenue N. Located immediately to the east of Latuff's Pizzeria
Accessible
Doors 36"+: 1
Air Conditioning
Central Air: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 31043
Assumable Loan
Not Assumable: 1
Basement
Partially Finished: 1
Building Information
Building Finished SqFt: 7580
Building SqFt: 7580
Ceiling Height: 8-10
Construction Materials
Block: 1
Construction Status
Previously Owned: 1
Existing Financing
Conventional: 1
Exterior
Block: 1
Brick/Stone: 1
Stucco: 1
Flooring
Carpet: 1
Concrete Slab: 1
Foundation
Brick/Mortar: 1
Slab: 1
Fuel
Electric: 1
Natural Gas: 1
Heating
Forced Air: 1
Internet Options
Cable: 1
Fiber Optic: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Irregular Lot: 1
Miscellaneous Information
Display Window: 1
Exterior Lighting: 1
Homestead: No
Three Phase: 1
Owner Pays
Roof Maintenance: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Paved Lot: 1
Uncovered/Open: 1
Public Survey Info
Range#: 22
Section#: 36
Township#: 118
Road Frontage
City Street: 1
Highway: 1
Roof
Age Over 8 Years: 1
Flat: 1
Sale Options
Sale Includes: Building, Land, Leases
Sewer
City Sewer/Connected: 1
Stories
One: 1
Topography
Level: 1
Unit 1
Lease Expiration Date: 2031-02-28
Leased?: Yes
Level: Main Level
Unit Number: 10760
Monthly Rent: 5910
Unit Total SqFt: 3000
Unit Details
Total Units: 3
Wall Description
Concrete/Block: 1
Water
City Water/Connected: 1
Window Features
Aluminum Frames: 1
Display Window(s): 1
Income and Expenses
Annual Gross Expenses: 64786
Annual Gross Income: 204378
Annual Net Income: 139592
Total Annual Expenses: 64786
Tenant Pays
All Utilities: 1
Common Area Maintenance: 1
Electricity: 1
Exterior Maintenance: 1
Fuel: 1
Grounds Care: 1
Heat: 1
Insurance: 1
Janitorial Service: 1
Maintenance/Repair: 1
Management: 1
Security: 1
Sewer: 1
Snow Removal: 1
Unit 2
Lease Expiration Date: 2028-02-29
Leased?: Yes
Level: Main Level
Unit Number: 10740
Monthly Rent: 40680
Unit Total SqFt: 2260
Unit 3
Lease Expiration Date: 2030-08-31
Leased?: Yes
Level: Main Level
Unit Number: 10730
Monthly Rent: 41760
Unit Total SqFt: 2320
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Common: 1
CMU Style
Freestanding: 1
Office: 1
Retail/Shopping Center: 1
Current Use
Business Service: 1
Commercial: 1
Office: 1
Professional Service: 1
Retail: 1
Loan Terms
Cash: 1
Conventional: 1
Location Description
Free Standing: 1
Strip Center: 1
Potential Use
Income: 1
Office: 1
Professional: 1
Restaurant: 1
Retail: 1
Rent Rate per Foot
Net: 1
Location Tax and Other Information
House Number: 10730
Street Name: Highway 55
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55441
Complex/Dev/Subdivision: Schiebes Highland View Add
Property Features
Accessible: Doors 36"+
Air Conditioning: Central Air
Assumable Loan: Not Assumable
Basement: Partially Finished
CMU Style: Freestanding; Office; Retail/Shopping Center
Construction Materials: Block
Construction Status: Previously Owned
Current Use: Business Service; Commercial; Office; Professional Service; Retail
Existing Financing: Conventional
Exterior: Block; Brick/Stone; Stucco
Flooring: Carpet; Concrete Slab
Foundation: Brick/Mortar; Slab
Fuel: Electric; Natural Gas
Heating: Forced Air
Internet Options: Cable; Fiber Optic
Loan Terms: Cash; Conventional
Location Description: Free Standing; Strip Center
Lot Description: Irregular Lot
Miscellaneous Information: Display Window; Exterior Lighting; Three Phase
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Owner Pays: Roof Maintenance
Parking Characteristics: Parking Lot; Paved Lot; Uncovered/Open
Potential Use: Income; Office; Professional; Restaurant; Retail
Rent Rate per Foot: Net
Road Frontage: City Street; Highway
Roof: Age Over 8 Years; Flat
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: All Utilities; Common Area Maintenance; Electricity; Exterior Maintenance; Fuel; Grounds Care; Heat; Insurance; Janitorial Service; Maintenance/Repair; Management; Security; Sewer; Snow Removal
Topography: Level
Wall Description: Concrete/Block
Water: City Water/Connected
Window Features: Aluminum Frames; Display Window(s)
Offering Memorandum.pdf 
Listing Office: Keller Williams Premier Realty Lake Minnetonka
Last Updated: March - 27 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.