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1100 Franklin Ave E
Minneapolis, MN 55404 Ventura Village

$1,600,000 USD

Bank For Sale  •  3,000 SF

Property Details

  • Property Type Bank
  • Total Building Size 3,000 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1918
  • Cap Rate 5.50 %
  • Tenancy Multiple
  • Zoning C2
69 Transit Score
84 Walk Score

Highlights

Chase Bank has 10 years remaining on its original lease with 10% increases every 5 years.
JPMorgan Chase Bank has an S&P Rating of AA- with over 4,700 branch locations and 15,000 ATMs.
Bank Deposits of $25.4 Million as of 6/30/2024.
Located near many Interstates and Highways seeing upwards of 183,000 vehicles per day.
Excellent demographics with a 5-mile population of 515,581 and an average household income of $117,871.
Just a short distance away from downtown Minneapolis.

Property Flyers

Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Chase Bank 3/31/2035

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 8 min - 2.2 mi
16 min - 9.5 mi
Transit/SubwayDriveWalkDistance
Franklin Avenue Station (Hiawatha Line - Minneapolis-Saint Paul Metro Transit Light Rail) 1 min 11 min 0.5 mi
Cedar/Riverside Station (Hiawatha Line - Minneapolis-Saint Paul Metro Transit Light Rail) 4 min 19 min 1.0 mi
Downtown East/Metrodome Station (Hiawatha Line - Minneapolis-Saint Paul Metro Transit Light Rail) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 20 min - 9.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.