Historic Lowry Rose Building in Uptown Minneapolis is For Sale! Beautiful office mansion with an apartment residence on 3rd floor. 22 Offices with 100% occupancy with long-time professional tenants. Incredible investment opportunity. Stable income producing investment asset. Sellers have maintained this property meticulously with all maintenance and operations in great standing.
The 3rd floor apartment is a 2 bedroom, 1 full bath featuring a 2-story vaulted ceiling in the open floor plan kitchen/dining/living room area that shows the exposed brickwork from the previous building exterior (see pictures). Working 2-story brick fireplace overlooking open living space. Granite countertops and beautiful wooden cherry cabinetry in the large open kitchen. 2 decks that are tucked up and away from the street, overlooking city of Minneapolis with excellent views. 2-car garage for apartment. Apartment fully redone in 2005 with new appliances (Sub-Zero Refrigerator & electric stove).
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Property Id : 6833
Price: $ 2,585,000
Property Size: 11,217 ft2
Property Type: Mixed-Use - 22 Offices, 1 Apartment
Zoning: OR2 - High Density Office Residence District
Lot Square Footage: 11,217 SF
Lot Acreage: .26
PID #: 3302924120014
Legal Description: BLOCK 001 ANDERSON DOUGLAS & CO 2ND ADDN MPLS LOTS 14 AND 15 AND S 20 FT OF LOT 13
Lot Dimensions: 89x127x91x127
Year Built: 1887
Exterior: Brick/Stone, Wood
Roof : Pitched, Shingles, Flat
Roof Age: See Marketing Packet
2015 Property Taxes: 2017 $36,438
Foundation Size: 2800
Gross Building Square Feet: ~11,217
Finished Building Square Feet: ~11,217
# Parking Spaces: 7 + 2 car garage
Current Tenant(s): Lawyers, Therapists
Tenancy Description: Multiple. Professional Services.
Utilities Available: Electric, Water, Sewer, Gas,
Tenant Utilities: Gross Leases.
Tenant Responsibilities : Gross Leases.
Building Class: A
Rent Roll: Available with executed NDA
Next To: Across the street from Tao Natural Foods, behind MidWest One Bank
Sale Includes: Building, Leases, Land
Signage: Monument Signage
Traffic Counts: 27,327 VPD on Hennepin Ave
HVAC: 3 Boilers: 2 for all office floors, 1 for apartment
Heating: Hot water heat
Cooling: Central Air - 3 units
School District: 1 - Minneapolis
Property Name: The Lowry Rose
Financial Terms: Cash, Conventional, Contract for Deed