2412 E. 26TH ST E 26th St, Minneapolis, MN 55406
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1 SALE PRICE: $425,000 LOT SIZE:.17 Acres BUILDING SIZE: +/-2,400 SF DRIVE-IN DOORS 1 CEILING HEIGHT: 14' YEAR BUILT: 1970 ZONING: I2 Medium Industrial District PROPERTY OVERVIEW Small shop, flexible office warehouse building in a dense Minneapolis neighborhood. PROPERTY FEATURES Off-Street Parking Flexible Space with Very "Good Bones". Easy Access 5-Minutes From Downtown Minneapolis Lean-to shed Easily Converted to Many Uses MARKET: SUB MARKET: CROSS STREETS: Minneapolis SW Industrial E 26th St & 25th Ave. S TRAFFIC COUNT: 7,472
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8 POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 25, , ,685 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 11,198 91, ,747 # OF PERSONS PER HH AVERAGE HH INCOME $40,517 $53,592 $64,157 AVERAGE HOUSE VALUE $217,561 $232,008 $272,686 RACE 1 MILE 3 MILES 5 MILES % WHITE 53.0% 65.9% 72.4% % BLACK 28.0% 19.6% 14.9% % ASIAN 4.8% 5.2% 4.9% % HAWAIIAN 0.0% 0.0% 0.0% % INDIAN 5.7% 2.7% 1.8% % OTHER 4.2% 3.2% 2.9% ETHNICITY 1 MILE 3 MILES 5 MILES % HISPANIC 12.0% 11.7% 9.5% * Demographic data derived from 2010 US Census
9 Combined Report Property Address: 2412 E 26th St Minneapolis, MN Combined Report 11/22/2017 All information contained herein is subject to the Limitation of Liability for Informational Report set forth on the last page hereof First American Financial Corporation and/or its affiliates. All rights reserved.
10 Property Profile Property Information Owner(s): Vetsch W E Mailing Address: 6005 Eden Prairie Rd, Minneapolis, MN Owner Phone: Unknown Property Address: Vesting Type: N/A Alt. APN: County: Hennepin APN: Map Coord: NE-SW Census Tract: Lot#: 11 Block: 8 Subdivision: Morrison & Lovejoys Addn To Mpls Tract: Legal: Block 008 Morrison & Lovejoys Addn To Mpls W 1/2 Of Lots 11 And 12 Property Characteristics Use: Commercial Building Year Built / Eff. : 1970 / Sq. Ft. : 2400 Zoning: I2 Lot Size Ac / Sq Ft: / 7536 # of Units: Stories: 1 Improvements: Parking / #: Paved / 4 Gross Area: 2400 Garage Area : Basement Area: Sale and Loan Information Sale / Rec Date: Sale Price: Doc No.: Doc Type: Seller: *$/Sq. Ft.: 1st Loan: Loan Type: Transfer Date: Lender: 2nd Mtg.: Prior Sale Amt: Prior Sale Date: Prior Doc No.: Prior Doc Type: *$/Sq.Ft. is a calculation of Sale Price divided by Sq.Feet. Tax Information Imp Value: $142,800 Exemption Type: Land Value: $45,200 Tax Year / Area: 2017 / 1 Total Value: $188,000 Tax Value: Total Tax Amt: $5, Improved: 76% Property Profile 11/22/2017 Page 1 (of 1) This report is only for the myfirstam user who applied for it. No one else can rely on it. As a myfirstam user, you already agreed to our disclaimer regarding third party property information accuracy. You can view it here: First American Financial Corporation and/or its affiliates. All rights reserved.
11 Hennepin County Property Map Date: 9/26/ inch = 400 feet PARCEL ID: Comments: OWNER NAME: W E Vetsch Etal PARCEL ADDRESS: th St E, Minneapolis MN PARCEL AREA: 0.17 acres, 7,268 sq ft A-T-B: Abstract SALE PRICE: SALE DATA: SALE CODE: ASSESSED 2016, PAYABLE 2017 PROPERTY TYPE: Commercial-Preferred HOMESTEAD: Non-Homestead MARKET VALUE: $188,000 TAX TOTAL: $5, ASSESSED 2017, PAYABLE 2018 PROPERTY TYPE: Commercial-preferred HOMESTEAD: Non-homestead MARKET VALUE: $207,000 This data (i) is furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT HENNEPIN COUNTY 2017
12 Dec 2, East 26th Street, Minneapolis, MN, Lat Long MAP DATA Panel Date November 4, 2016 FIPS Code Map Number 27053C0378F Census Tract Geocoding Accuracy S8 (Most Accurate) - single valid address match, point located at a single known address point candidate (Parcel) STDB. All rights reserved This Report is for the sole benefit of the Customer that ordered and paid for the Report and is based on the property information provided by that Customer. That Customer's use of this Report is subject to the terms agreed to by that Customer when accessing this product. No third party is authorized to use or rely on this Report for any purpose. THE SELLER OF THIS REPORT MAKES NO REPRESENTATIONS OR WARRANTIES TO ANY PARTY CONCERNING THE CONTENT, ACCURACY OR COMPLETENESS OF THIS REPORT, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. The seller of this Report shall not have any liability to any third party for any use or misuse of this Report.
13 Definitions of FEMA Flood Zone Designations Flood zones are geographic areas that the FEMA has defined according to varying levels of flood risk. These zones are depicted on a community's Flood Insurance Rate Map (FIRM) or Flood Hazard Boundary Map. Each zone reflects the severity or type of flooding in the area. Moderate to Low Risk Areas In communities that participate in the NFIP, flood insurance is available to all property owners and renters in these zones: ZONE DESCRIPTION B and X (shaded) Area of moderate flood hazard, usually the area between the limits of the 100 year and 500 year floods. B Zones are also used to designate base floodplains of lesser hazards, such as areas protected by levees from 100 year flood, or shallow flooding areas with average depths of less than one foot or drainage areas less than 1 square mile. C and X Area of minimal flood hazard, usually depicted on FIRMs as above the 500 year (unshaded) flood level. Zone C may have ponding and local drainage problems that don't warrant a detailed study or designation as base floodplain. Zone X is the area determined to be outside the 500 year flood and protected by levee from 100 year flood. High Risk Areas In communities that participate in the NFIP, mandatory flood insurance purchase requirements apply to all of these zones: ZONE DESCRIPTION A Areas with a 1% annual chance of flooding and a 26% chance of flooding over the life of a 30 year mortgage. Because detailed analyses are not performed for such areas; no depths or base flood elevations are shown within these zones. AE The base floodplain where base flood elevations are provided. AE Zones are now used on new format FIRMs instead of A1 A30 Zones. A1 30 These are known as numbered A Zones (e.g., A7 or A14). This is the base floodplain where the FIRM shows a BFE (old format). AH Areas with a 1% annual chance of shallow flooding, usually in the form of a pond, with an average depth ranging from 1 to 3 feet. These areas have a 26% chance of flooding over the life of a 30 year mortgage. Base flood elevations derived from detailed analyses are shown at selected intervals within these zones. AO River or stream flood hazard areas, and areas with a 1% or greater chance of shallow flooding each year, usually in the form of sheet flow, with an average depth ranging from 1 to 3 feet. These areas have a 26% chance of flooding over the life of a 30 year mortgage. Average flood depths derived from detailed analyses are shown within these zones. AR Areas with a temporarily increased flood risk due to the building or restoration of a flood control system (such as a levee or a dam). Mandatory flood insurance purchase requirements will apply, but rates will not exceed the rates for unnumbered A zones if the structure is built or restored in compliance with Zone AR floodplain management regulations. A99 Areas with a 1% annual chance of flooding that will be protected by a Federal flood control system where construction has reached specified legal requirements. No depths or base flood elevations are shown within these zones.
14 High Risk Coastal Areas In communities that participate in the NFIP, mandatory flood insurance purchase requirements apply to all of these zones. ZONE V VE, V1 30 DESCRIPTION Coastal areas with a 1% or greater chance of flooding and an additional hazard associated with storm waves. These areas have a 26% chance of flooding over the life of a 30 year mortgage. No base flood elevations are shown within these zones. Coastal areas with a 1% or greater chance of flooding and an additional hazard associated with storm waves. These areas have a 26% chance of flooding over the life of a 30 year mortgage. Base flood elevations derived from detailed analyses are shown at selected intervals within these zones. Undetermined Risk Areas ZONE D DESCRIPTION Areas with possible but undetermined flood hazards. No flood hazard analysis has been conducted. Flood insurance rates are commensurate with the uncertainty of the flood risk. From FEMA Map Service Center: 1&content=floodZones&title=FEMA%20Flood%20Zone%20Designations
15 Michael Houge, CCIM, SIOR DIRECTOR OF COMMERCIAL BACKGROUND Michael Houge is a Director with KW Commercial-Minneapolis after contributing for over three years as Vice President with Transwestern Minneapolis, where he co-directed the Investment Sales Group (ISG). Mr. Houge has almost thirty years of experience in project leasing and investment sales. Michael is a specialist in the sale of net-leased investment properties, 1031 Tax Deferred Exchanges, and more recently, commercial real estate in the Bakken oilfield markets of North Dakota. Mr. Houge has completed over a billion dollars in investment property transactions. Michael has also leased over a million square feet as a landlord and tenant representative and is a frequent contributor and author in various real estate trade publications and speaks frequently on panels and conferences on investment sales, capital markets, marketing, the net-lease industry, 1031 tax-deferred exchanges and North Dakota real estate. Mr. Houge has also earned the two most prestigious designations in the commercial real estate industry: Certified Commercial Investment Member (CCIM) and The Society of Industrial and Office Realtors (SIOR). Obtaining both designations is a rare feat, since only approximately 850 of the more than one million REALTORs hold both. Michael has served as the President of the Minnesota Dakotas Chapter of both organizations. EDUCATION B.A. University of Minnesota-Twin Cities Campus CCIM Curriculum of the CCIM Institute MEMBERSHIPS & ASSOCIATIONS CCIM-Certified Commercial Investment Member SIOR-Society of Office and Industrial REALTORS NAIOP-National Association of Industrial and Office Parks MNCAR-Minnesota Commercial Association of REALTORS ICSC-International Council of Shopping Centers MAR-Minnesota Association of REALTORS NAR-National Association of REALTORS
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