Absolute Auction | Value-Add | Huge Upside | 2625 Park Ave
Cette fonctionnalité n’est pas disponible pour le moment.
Nous sommes désolés, mais la fonctionnalité à laquelle vous essayez d’accéder n’est pas disponible actuellement. Nous sommes au courant du problème et notre équipe travaille activement pour le résoudre.
Veuillez vérifier de nouveau dans quelques minutes. Veuillez nous excuser pour ce désagrément.
– L’équipe LoopNet
Votre e-mail a été envoyé.
Absolute Auction | Value-Add | Huge Upside 2625 Park Ave 3 168 m² Soins de santé Vente aux enchères en ligne Minneapolis, MN 55407
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 2625 Park Avenue offers a unique investment opportunity to acquire a former assisted living facility, delivered entirely vacant.
- Flexible mixed-use zoning opens the door for many possibilities moving forward for developers and investors.
- Starting bid $1 | Absolute auction.
- Prime location near Downtown Minneapolis with excellent access to Interstate 35W and Highway 55, offering strong connectivity and visibility.
- Strong area demographics, including a high percentage of renter-occupied households, support demand for additional multifamily development.
RÉSUMÉ ANALYTIQUE
2625 Park Avenue presents a rare value-add investment opportunity in a prime, high-demand location just minutes from Downtown Minneapolis. Originally constructed in 1961, the 34,104-square-foot, six-story facility was purpose-built for affordable assisted living and remains well-suited for continued use or strategic repositioning.
The current build-out includes a mix of studio, one-, and two-bedroom apartments, all with spacious layouts designed to accommodate mobility aids such as walkers, scooters, and wheelchairs. Formerly operating as Loren on Park, this property offers a strong foundation of amenities including a library, fitness center, lounges, community rooms, van transportation, and meal service capabilities, along with 24-hour staffing. Additional infrastructure supports services like housekeeping and laundry.
With this existing framework in place, investors and developers have a compelling opportunity to reposition, expand, or modernize the asset to meet today’s growing demand for senior housing, affordable living, or mixed-use redevelopment. The on-site zoning is advantageous to investors and developers. The OR2 zoning designation in Minneapolis, known as the High-Density Office Residence District, is designed to facilitate a mix of high-density residential and large-scale office developments.
Located in the historic Phillips neighborhood, Loren on Park is close to many restaurants, museums, shops, medical services, and public transportation. This trendy neighborhood is home to Children's Minnesota Minneapolis Hospital, the Midtown Global Market, and Saint Mary's University of Minnesota-Twin Cities Campus. Accessibility is a breeze just minutes from Downtown Minneapolis. Major roadways nearby, including Interstate 35 West and Highway 55, offer quick commutes throughout the city.
Minneapolis offers an excellent backdrop for development with strong fundamentals in place and a growing population. This region is home to 16 Fortune 500 companies, including Target, 3M, and UnitedHealth Group, just to name a few. The area offers strong infrastructure, including proximity to Minneapolis-St. Paul International Airport (MSP) supports a wide range of industries. Nearly half of metro residents hold a bachelor’s degree or higher, fueling high-wage industries and driving strong demand for affordable housing. Median household income has risen 3% year-over-year to $97,000, which is well above the national average of $80,000. This rate is outpacing local inflation and signaling strong purchasing power in the market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The current build-out includes a mix of studio, one-, and two-bedroom apartments, all with spacious layouts designed to accommodate mobility aids such as walkers, scooters, and wheelchairs. Formerly operating as Loren on Park, this property offers a strong foundation of amenities including a library, fitness center, lounges, community rooms, van transportation, and meal service capabilities, along with 24-hour staffing. Additional infrastructure supports services like housekeeping and laundry.
With this existing framework in place, investors and developers have a compelling opportunity to reposition, expand, or modernize the asset to meet today’s growing demand for senior housing, affordable living, or mixed-use redevelopment. The on-site zoning is advantageous to investors and developers. The OR2 zoning designation in Minneapolis, known as the High-Density Office Residence District, is designed to facilitate a mix of high-density residential and large-scale office developments.
Located in the historic Phillips neighborhood, Loren on Park is close to many restaurants, museums, shops, medical services, and public transportation. This trendy neighborhood is home to Children's Minnesota Minneapolis Hospital, the Midtown Global Market, and Saint Mary's University of Minnesota-Twin Cities Campus. Accessibility is a breeze just minutes from Downtown Minneapolis. Major roadways nearby, including Interstate 35 West and Highway 55, offer quick commutes throughout the city.
Minneapolis offers an excellent backdrop for development with strong fundamentals in place and a growing population. This region is home to 16 Fortune 500 companies, including Target, 3M, and UnitedHealth Group, just to name a few. The area offers strong infrastructure, including proximity to Minneapolis-St. Paul International Airport (MSP) supports a wide range of industries. Nearly half of metro residents hold a bachelor’s degree or higher, fueling high-wage industries and driving strong demand for affordable housing. Median household income has risen 3% year-over-year to $97,000, which is well above the national average of $80,000. This rate is outpacing local inflation and signaling strong purchasing power in the market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MÉMORANDUM D’INFORMATION Cliquez ici pour accéder à
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financial Statements
- Title & Insurance
- Purchase Agreement
- Floor Plans
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Surface du lot | 0,34 ha |
| Condition de vente | Vente aux enchères | Surface de l’immeuble | 3 168 m² |
| Type de propriété | Pleine propriété | Nb de lits | 1 |
| Type de bien | Soins de santé | Nb d’étages | 6 |
| Sous-type de bien | Logement avec assistance | Année de construction | 1961 |
| Classe d’immeuble | C | Zone de développement économique [USA] |
Oui
|
| Zonage | OR2 | ||
| Type de vente | Investissement |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Type de bien | Soins de santé |
| Sous-type de bien | Logement avec assistance |
| Classe d’immeuble | C |
| Surface du lot | 0,34 ha |
| Surface de l’immeuble | 3 168 m² |
| Nb de lits | 1 |
| Nb d’étages | 6 |
| Année de construction | 1961 |
| Zone de développement économique [USA] |
Oui |
| Zonage | OR2 |
1 of 1
Walk Score®
Très praticable à pied (77)
Bike Score®
Un paradis pour les cyclistes (94)
TAXES FONCIÈRES
| Numéro de parcelle | 35-029-24-32-0203 | Évaluation des aménagements | 4 079 909 € |
| Évaluation du terrain | 385 998 € | Évaluation totale | 4 465 906 € |
TAXES FONCIÈRES
Numéro de parcelle
35-029-24-32-0203
Évaluation du terrain
385 998 €
Évaluation des aménagements
4 079 909 €
Évaluation totale
4 465 906 €
CONSEILLER EN VENTE
CONSEILLER EN VENTE
À PROPOS DE LA PLATEFORME D’ENCHÈRES
Ten-X Commercial est la première plateforme de transaction numérique complète pour l’immobilier d’entreprise. Avec plus de 26 milliards de dollars de ventes, la plateforme Ten-X permet aux brokers, aux vendeurs et aux acquéreurs de disposer d’une technologie basée sur les données et d’outils marketing complets pour augmenter la visibilité sur le marché et réduire le temps pour conclure une transaction. Ten-X obtient régulièrement des taux de négociation deux fois supérieurs à la moyenne du secteur. Ten-X accélère l’ensemble du processus des transactions en immobilier d’entreprise en permettant aux brokers et aux vendeurs d’exploiter sa plateforme numérique qui facilite l’intégration des biens, l’évaluation de la réussite des campagnes de marketing omnicanal gratuites et le suivi des meilleurs leads. Les acquéreurs sont orientés vers des biens qui correspondent précisément à leurs objectifs d’investissement, avec un accès inégalé à des analyses de marché et aux documents de Due Diligence pour les aider à acquérir des biens en ligne en toute sécurité et en toute confiance.
Lire plus
CONTACT POUR LES ENCHÈRES
Casey Harrell
Contact
Licence du commissaire-priseur :
Ten-X Arlene Richardson RE Brkr 40750750
1 de 26
VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
Barême de frais de transaction
Basée sur le pourcentage du montant de l’enchère gagnante.
Montant de l’enchère gagnante
Frais de transaction
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Exemple de calcul
Montant de l’enchère gagnante
$4,000,000
Frais de transaction
$100,000 (2.5%)
Prix d’achat total
$4,100,000
1 of 1
Présenté par
Absolute Auction | Value-Add | Huge Upside | 2625 Park Ave
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
Merci ! Votre message a été envoyé.
Présenté par
Absolute Auction | Value-Add | Huge Upside | 2625 Park Ave
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
Merci ! Votre message a été envoyé.