Minnesota / Minneapolis / 55411 / 2507 Fremont Avenue North

2507 Fremont Avenue North

Q: What is the asking price for 2507 Fremont Avenue North in Minneapolis?

The asking price for 2507 Fremont Avenue North is $2,898,000

Q: What is the building size of this Specialty property in Minneapolis, MN?

The size of the building/unit at 2507 Fremont Avenue North in Minneapolis is 17,820 square feet.

Q: How much land does the Minneapolis, MN property at 2507 Fremont Avenue North include?

2507 Fremont Avenue North in Minneapolis includes 0.360 acres of land.

Q: What kind of Specialty is the propery at 2507 Fremont Avenue North?

The property at 2507 Fremont Avenue North Minneapolis, MN 55411 is listed as a Education/Day Care Specialty property.

Q: What is the population within 1 mile of 2507 Fremont Avenue North?

The population within 1 mile of 2507 Fremont Avenue North Minneapolis, MN 55411 is 23,466 people.

Q: Who do I contact for questions about 2507 Fremont Avenue North?

You should contact the listing agent, David Finigan, for any details regarding this commercial listing.

Minneapolis, MN 55411

Listing ID: 267587

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Building Size: 17,820 SF

Lot Size: 0.360 AC

Land Size: 15,681 SF

Building $/SF: $162.63

Land $/SF: $184.81

Price

$2,898,000

Property Highlights

NOI projected at $231,836 in 2021.

Lease terms runs to 6302027.

Tenant operates out of 4 Minneapolis-St Paul locations and has been in business since 2003.

Stable tenant operating at this location since 2008.

3.0 annual rent increases.

Major renovation in 2008. Regular updates throughout lease term.

Priced well below replacement cost.

Description

2507 Fremont Avenue North is home to the Minnesota Internship Center, a public charter high school for young people who are looking for a more supportive environment (source: MNIC website). MNIC has called the property home for over 13 years. This is an opportunity to accrue the benefits of a long term income stream and strong tenancy in an up and coming submarket with pricing substantially below replacement cost.

Attachments & Files

salebrochurel-TnD-cEA.pdf

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Minneapolis History of Specialty Real Estate for Sale

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Listing Demographics for 2507 Fremont Avenue North Minneapolis, MN 55411

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		23,466	210,328	473,519
Population Median Age		31	35	36
Population by Age	0-9 Yrs	4546 (19%)	23972 (11%)	54810 (11%)
	10-19 Yrs	3603 (15%)	22060 (10%)	51698 (10%)
	20-29 Yrs	4265 (18%)	52561 (24%)	105970 (22%)
	30-39 Yrs	4022 (17%)	37044 (17%)	83661 (17%)
	40-49 Yrs	2411 (10%)	21807 (10%)	50907 (10%)
	50-59 Yrs	2099 (8%)	21452 (10%)	49851 (10%)
	60-69 Yrs	1382 (5%)	17765 (8%)	42685 (9%)
	70+ Yrs	1138 (4%)	13668 (6%)	33937 (7%)

Median HH Income		$49,197	$53,975	$61,339
Total Household Income	< 24K	2570 (31%)	25136 (26%)	43126 (21%)
	25-49K	1603 (19%)	19561 (20%)	41956 (20%)
	50-74K	1109 (13%)	14160 (14%)	33185 (16%)
	75-99K	993 (12%)	10396 (10%)	25566 (12%)
	100-199K	1462 (17%)	17436 (18%)	43330 (21%)
	200K+	531 (6%)	7823 (8%)	15184 (7%)

Highest Education Level	No Diploma	2355	15003	30445
	Diploma or GED	2734	22410	53258
	Some College	2818	25969	57488
	Assoc. Degree	1048	10350	24377
	Bachelors Degree	2991	41597	96172
	Higher Degree	1689	26652	58365

Total Housing Units		8,932	101,909	214,804
--Owner-Occupied		3,039	32,970	93,741
--Renter-Occupied		5,230	61,542	108,605
Owner-Occupied Values	< 100K	238	2360	5910
	100-199K	1370	9835	28544
	200-299K	763	7960	29973
	300-399K	359	4714	13238
	400-499K	147	2723	6196
	500K+	161	5378	9880

Total Working Age Population		16,588	174,668	391,412
In Work Force		11,762	127,959	288,389
Not In Work Force		4,826	46,709	103,023
Workforce Employed		10,809	120,516	274,072
Workforce Unemployed		953	7,439	14,272
Civlian Workforce		11,762	127,955	288,344
Military Workforce		0	5	45

Total Households		8,269	94,512	202,346
Family Households		4,319	35,527	88,982
Non-Family Households		3,949	58,984	113,364
Married Couple		2,063	22,709	61,403
Other Family		2,256	12,818	27,579
Married w/Child		991	8,272	24,309
Single Male w/Child		209	1,397	3,283
Single Female w/Child		1,341	5,930	11,864

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Minnesota	4,919,479	+8	5,303,925	+7	5,687,161	+5	5,974,304
Anoka County	298,084	+11	330,844	+8	358,469	+6	380,651
Dakota County	355,904	+12	398,552	+9	434,203	+7	463,564
Hennepin County	1,116,200	+3	1,152,425	+12	1,294,371	+9	1,407,332
Ramsey County	511,035	0	508,640	+12	567,959	+9	616,408

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 2507 Fremont Avenue North in Minneapolis?

The asking price for 2507 Fremont Avenue North is $2,898,000

What is the building size of this Specialty property in Minneapolis, MN?

The size of the building/unit at 2507 Fremont Avenue North in Minneapolis is 17,820 square feet

How much land does the Minneapolis, MN property at 2507 Fremont Avenue North include?

2507 Fremont Avenue North in Minneapolis includes 0.360 acres of land

What kind of Specialty is the propery at 2507 Fremont Avenue North?

The property at 2507 Fremont Avenue North Minneapolis, MN 55411 is listed as a Education/Day Care Specialty property

What is the population within 1 mile of 2507 Fremont Avenue North in Minneapolis?

The population within 1 mile of 2507 Fremont Avenue North Minneapolis, MN 55411 is 23,466 people.

Who do I contact for questions about 2507 Fremont Avenue North?

You should contact the listing agent, David Finigan, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP)	8
Rochester International Airport (RST)	84
Duluth International Airport (DLH)	139