1400 IDS Center | 80 South 8th StreetMinneapolis, MN 55402 cushmanwakefield.commspadvisoryservices.com

Jeremy StrifflerDirector +1 612 305 2108 jeremy.striffler@cushwake.com

2101 Minnehaha AvenueMinneapolis, MN

FOR SALE

Eric KingSenior Director +1 651 734 2385 eric.king@cushwake.com

7,980 SQUARE FOOT BUILDING

Property Highlights

• Asking Price - $800,000

• 0.4 acre parcel with 26 surface parking stalls

• Located in the Seward neighborhood near the intersection of Franklin Avenue and Minnehaha Avenue

• Close proximity to the Franklin Avenue Light Rail Station and Metro Transit bus stop (Routes 2, 9 and 67)

• Within walking distance of neighborhood retail amenities and restaurants

• Attractive building with lots of natural light and an interior featuring a mostly open layout, includes 3 private offices, 2 conference rooms, break room and set of rest rooms

FOR

FOR SALE

2101 Minnehaha AvenueMinneapolis, MN

Property ID 36-029-24-22-0012

Address 2101 Minnehaha Avenue

Municipality Minneapolis

County Hennepin

Zip Code 55404

Lot Size 0.46 Acres

Building Size 7,980 SF

# of Stories 1 story

Year Built 1954 (additions in 1965, 1975 and 2005)

Parking Count 26 surface stalls (3.8/1000)

Zoning C2 - Neighborhood Commercial District (click here)

Property Information

©2018 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.

FOR SALE

2101 Minnehaha AvenueMinneapolis, MN

Floor Plan

FOR SALE

2101 Minnehaha AvenueMinneapolis, MN

Property Photographs

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2101 Minnehaha AvenueMinneapolis, MN

Aerial Map

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2101 Minnehaha AvenueMinneapolis, MN

Aerial Map

FOR SALE

2101 Minnehaha AvenueMinneapolis, MN

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I:\INFO\ArcMap\Brokers\Corporate_Advisory_Services\Jeremy_Striffler\Minneapolis-2101MinnehahaAve\Workspace\2101MinnehahaAve_7_5x8_Map.mxdI:\INFO\ArcMap\Brokers\Corporate_Advisory_Services\Jeremy_Striffler\Minneapolis-2101MinnehahaAve\Workspace\2101MinnehahaAve_7_5x8_Map.mxdSources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2017Sources: Cushman & Wakefield, ESRI, MNDOT, Nearmap copyright 2017

Street Map

FOR SALE

2101 Minnehaha AvenueMinneapolis, MN

ARTICLE III. - C2 NEIGHBORHOOD CORRIDOR COMMERCIAL DISTRICT

548.260. - Purpose.

The C2 Neighborhood Corridor Commercial District is established to provide an environment of retail sales and commercial services that are larger in scale than allowed in the C1 District and to allow a broader range of automobile related uses. In addition to commercial uses, residential uses, institutional and public uses, parking facilities, limited production and processing and public services and utilities are allowed.

Permitted and conditional uses in the C2 District shall be as specified in section 548.30and Table 548-1, Principal Uses in the Commercial Districts.

The minimum lot area and lot width for all nonresidential uses located in the C2 District shall be as specified in Table 548-2, Lot Dimension Requirements in the Commercial Districts. The minimum lot area and lot width for residential uses located in the C2 District shall be as specified in Table 548-5, Residential Lot Dimension Requirements in the C2 District.

Table 548-5 Residential Lot Dimension Requirements in the C2 District

Use Minimum Lot Area

(Square Feet)

Minimum Lot Width

(Feet)

RESIDENTIAL USES

Dwellings

Single or two-family dwelling 5,000 40

Cluster development 5,000 40

Dwelling unit, as part of a mixed use building None required for the residential use None

Multiple-family dwelling 5,000 40

Planned unit development 1 acre As approved by C.U.P.

Zoning Code

FOR SALE

2101 Minnehaha AvenueMinneapolis, MN

Congregate Living

Community residential facility serving six (6) or fewer persons 5,000 40

Community residential facility serving seven (7) to thirty-two (32) persons 5,000 40

Board and care home/Nursing home/Assisted living 20,000 80

Emergency shelter serving six (6) or fewer persons 5,000 40

Emergency shelter serving seven (7) to thirty-two (32) persons 5,000 40

Inebriate housing 5,000 40

Overnight shelter 5,000 40

Residential hospice 10,000 80

Supportive housing 5,000 40

(2002-Or-057, § 2, 6-21-02; 2009-Or-028, § 2, 3-27-2009; 2009-Or-088, § 4, 8-28-2009; 2013-Or-086, § 3, 10-4-2013; 2013-Or-250, § 4, 12-13-2013; 2015-Or-113 , § 3, 12-11-2015)

The maximum height of all principal structures located in the C2 District, except single and two-family dwellings and cluster developments, shall be four (4) stories or fifty-six (56) feet, whichever is less. The maximum height of single and two-family dwellings and cluster developments shall be two and one-half (2.5) stories or thirty-five (35) feet, whichever is less. The maximum floor area ratio of all structures shall be one and seven-tenths (1.7).

The following conditions govern uses in the C2 District:

Zoning Code

FOR SALE

2101 Minnehaha AvenueMinneapolis, MN

(1) Maximum floor area. All commercial uses, including shopping centers, shall be limited to a maximum gross floor area of thirty thousand (30,000) square feet per use, except for planned unit developments.

(2) Wholesale and off-premise sales. Wholesale and off-premise sales accessory to retail sales shall be limited to four thousand (4,000) square feet of gross floor area or forty-five (45) percent of gross floor area, whichever is less, provided that the main entrance opens to the retail component of the establishment, except as otherwise provided in this ordinance.

(3) Drive-through facilities permitted. Drive-through facilities shall be permitted, subject to the standards of Chapter 530, Site Plan Review and Chapter 541, Off-Street Parking and Loading, except as otherwise prohibited by this article.

(4) Outdoor speakers permitted. Outdoor speakers shall be permitted, provided that speaker boxes shall not be audible from a residence or office residence district boundary or from a permitted or conditional residential use.

(5) Fast food restaurants. Fast food restaurants established after the effective date of this ordinance shall be located only in storefront buildings existing on the effective date of this ordinance, provided further that no significant changes shall be made to the exterior of the structure and freestanding signs shall be prohibited, except where the property is part of an area of at least six hundred sixty (660) feet of continuous C2, C3S, C4 or industrial zoning fronting along the same side of the street as the fast food restaurant, without interruption by a residence, office residence, C1, C3A or Pedestrian Oriented Overlay District.

(6) Automobile sales. Automobile sales shall be limited to new and vintage passenger automobiles only, except that leased automobiles and used automobiles received in trade may be sold as an accessory use.

(7) Production, processing and storage. Production, processing, and storage uses shall be limited to five thousand (5,000) square feet of gross floor area.

(2011-Or-034, § 3, 4-1-2011; 2015-Or-105 , § 3, 12-11-2015)

Outdoor parking of trucks and other commercial vehicles shall be limited to operable, single rear axle vehicles of not more than fifteen thousand (15,000) pounds gross vehicle weight. All outdoor parking of trucks shall be screened from view, as specified in this zoning ordinance.

Zoning Code

Executive Summary2101 Minnehaha AveMinneapolis, MN 55404-93.24348226 44.962175572

1 mile 3 miles 5 milesPopulation

2010 Population 33,395 222,419 457,391

2017 Population 36,657 244,517 494,4232022 Population 38,675 258,226 518,861

2010-2017 Annual Rate 1.29% 1.32% 1.08%

2017-2022 Annual Rate 1.08% 1.10% 0.97%

2017 Male Population 50.1% 51.5% 50.0%2017 Female Population 49.9% 48.5% 50.0%2017 Median Age 25.8 30.5 32.9

Currently, the U.S. median age is 38.2 years old.

Population by Employment2017 Civilian Population Base 15,091 138,146 274,570

2017 % Civilian Labor Force Employed 88.8% 93.8% 94.4%

2017 % Civilian Labor Force Unemployed 11.2% 6.2% 5.6%

Occupation Distribution2017 % White Collar Jobs 54.4% 68.4% 71.2%

2017 % Services Jobs 28.3% 20.3% 17.7%

2017 % Blue Collar Jobs 17.2% 11.3% 11.1%

Population by Education2017 Education Base - Population 25 + 18,873 155,785 324,154

Less than 9th Grade 18.4% 7.0% 4.9%

9th - 12th Grade, No Diploma 9.4% 5.1% 4.3%

High School Graduate 16.6% 12.4% 12.3%

GED/Alternative Credential 2.7% 2.7% 2.5%

Some College, No Degree 19.6% 16.6% 16.4%

Associate Degree 4.2% 6.1% 6.7%

Bachelor's Degree 18.5% 29.9% 30.6%

Graduate/Professional Degree 10.5% 20.2% 22.4%

Per Capita Income2017 Per Capita Income $16,104 $31,543 $35,6092022 Per Capita Income $17,700 $36,515 $40,314

2017-2022 Annual Rate 1.91% 2.97% 2.51%

Currently, the U.S. per capita income is $30,820. The per capita income is projected to be $34,828 in five years, for all U.S. households.

Households2010 Households 11,052 97,678 195,813

2017 Total Households 12,238 107,406 210,9042022 Total Households 13,015 113,584 221,157

2010-2017 Annual Rate 1.42% 1.32% 1.03%

2017-2022 Annual Rate 1.24% 1.12% 0.95%

2017 Average Household Size 2.40 2.10 2.22

Median Household Income2017 Median Household Income $25,859 $44,387 $53,9202022 Median Household Income $26,402 $50,235 $59,586

2017-2022 Annual Rate 0.42% 2.51% 2.02%

Currently, the median household income is $56,124 for all U.S. households. Median household income is projected to be $77,118 in five years, for all U.S. households.

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2017 and 2022

February 14, 2018Prepared By Cushman & Wakefield Click Me

©2017 Esri Latitude: 44.962176 Longitude: -93.243482 Page 1 of 2

Demographics

Executive Summary2101 Minnehaha AveMinneapolis, MN 55404-93.24348226 44.962175572

1 mile 3 miles 5 milesAverage Household Income

2017 Average Household Income $41,301 $69,271 $81,7392022 Average Household Income $45,959 $80,593 $92,927

2017-2022 Annual Rate 2.16% 3.07% 2.60%

Currently, the average household income is $80,675 for all U.S households. Average household income is projected to be $109,982 in five years, for all U.S. households Households by Income

2017 Household Income Base 12,238 107,406 210,904

<$15,000 4,188 19,824 29,310

$15,000-$24,999 1,767 13,112 22,600

$25,000-$34,999 1,455 11,134 19,520

$35,000-$49,999 1,661 13,895 26,676

$50,000-$74,999 1,450 16,706 34,239

$75,000-$99,999 754 10,647 23,816

$100,000-$149,999 579 12,127 28,512

$150,000-$199,999 187 4,905 12,444

$200,000+ 197 5,056 13,787

Housing

2010 Housing Units 11,918 106,818 212,379Owner Occupied Housing Units 17.6% 32.8% 45.6%

Renter Occupied Housing Units 75.2% 58.6% 46.6%

Vacant Housing Units 7.3% 8.6% 7.8%

2017 Housing Units 13,072 116,681 227,678Owner Occupied Housing Units 16.6% 31.3% 43.9%

Renter Occupied Housing Units 77.0% 60.8% 48.8%

Vacant Housing Units 6.4% 7.9% 7.4%

2022 Housing Units 13,900 123,228 238,582Owner Occupied Housing Units 16.5% 31.2% 43.6%

Renter Occupied Housing Units 77.2% 61.0% 49.1%

Vacant Housing Units 6.4% 7.8% 7.3%

Currently, in the U.S., 55.6% of the housing units are owner occupied; 33.1% are renter occupied; and 11.3% are vacant.

Daytime PopulationTotal Employees 59,929 353,722 469,767

Total Businesses 1,366 14,485 22,651

Total Residential Population 36,657 244,517 494,423

Employee/Residential Population Ratio 163 145 95

Top Tapestry Segments1 mile 3 miles 5 miles

Social Security Set (9F) High Rise Renters (13E)Metro Fusion (11C) Emerald City (8B)Fresh Ambitions (13D)

25.2%

11.6%

10.9%10.1%

10.0%

Metro Renters (3B) Emerald City (8B)College Towns (14B) Metro Fusion (11C)Social Security Set (9F)

27.8%

16.7%

8.7% 8.3%

7.2%

Emerald City (8B) Metro Renters (3B)In Style (5B) Urban Chic (2A)Metro Fusion (11C)

18.4%

16.9%

8.5% 6.7%

5.8%

More information about tapestry descriptions can be found here

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2017 and 2022

February 14, 2018Prepared By Cushman & Wakefield Click Me

©2017 Esri Latitude: 44.962176 Longitude: -93.243482 Page 2 of 2

Demographics