4101 42nd Avenue Minneapolis, MN 55406
Great Longfellow location, 6 blocks from the river and 6 blocks to Minnehaha Parkway. This mixed use commercial building is very versatile and contains a rare commodity - a cash-flowing laundromat ! In addition to the laundromat, the total 3500 finished square feet also contains one other retail store front with a long-term tenant (a tattoo parlor), and two residential apartments. One upper unit is a 3 bedroom apartment rented below market rate, the other apartment a 1 bedroom. The laundromat equipment is valued at an additional $ 60, 000 financed separately from the building, and the laundromat brings in about $ 65, 000 gross annual income. Other tenants mostly pay their own utilities, except water/sewer/trash is divided between the laundry/3 bedroom part of building; and the tattoo /1 bedroom portion. The rubber roof and electric service/panel on lower side of bldg. were replaced in 2021& 2023.
- Property TypeCommercial
- NeighborhoodL D Richardsons Add
- CountyHennepin
- Taxes$15,012
- HOA/Condo/Coop Fees$0
- Days on Site21 Days
- MLS StatusActive
- MLS ID Number6507549
- Home Size Source N/A
- Year Built1906
- Lot Size0.09 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking On- Street Parking Only
- Basement FullUnfinished
- Number of Stories 2
- Zoning Business/Commercial
- Property Sub Type Business
- Garage Spaces 0
- Contingency None
- Sewer City Sewer/ Connected
- Water City Water/ Connected
Interior Features
- Cooling Central Air
- Heating Forced Air
- Appliances RangeRefrigerator
Exterior Features
- Construction Details Brick/ Stone