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$317,500 -$7,000 (-2.16%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 6,571 Sq. Ft.
  • 0.18 Acres
  • Updated 2 days ago
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Northside Ownership Opportunity! This is an excellent opportunity to launch or expand your real estate portfolio with this Northside Land Trust property. Option to purchase through Land trust or as a standard sale. Building currently approximately 75% occupied with active month-to-month leases & established tenants. Middle store front (3503) currently vacant and being updated. Tons of basement storage and additional bonus space/SF. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.

Full Property Details for 3501 Penn Ave N

General

  • Price: $317,500
  • Taxes: $7,777 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6773663
  • Updated: 7/6/2026
  • Added to Site: 325 day(s) ago

Parking

  • Parking Features: Gravel, On-Street Parking Only

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Utopia
  • Neighborhood: 12
  • Driving Directions: South on Dowling. North on Lowry. End 3501 Penn Ave. N.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (Connected), City Water (In-Street)
  • Utility Description: Electric Separate, Hot Water Separate

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Partially Finished
  • Foundation Size: 3310
  • Disability Access: None
  • Square Feet: 6,571
  • Finished Down/Base.: 6,571 Sq. Ft.
  • Current Bldg. Use: Professional/Office, Beauty/Barber Shop, Food Service, Office
  • Year Built: 1922

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Dimensions: 60 x 129
  • Potential Use: Office, Other, Professional Service, Retail, Shop, Grocery
  • Zoning: Business/Commercial, Other
  • Lot Description: Corner Lot

Financial Considerations

  • Tax Amount: $7,777
  • Tax Year: 2025
  • Terms: Conventional, Cash, Other
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, Management, Taxes
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays

Disclosures and Reports

  • Legal Description: LOT 005 UTOPIA S 1/2 OF E 1/2 INCL ADJ 7 FT OF PENN AVE N VAC EXCEPT ALLEY
  • Inclusions: Building, Land
  • Property ID: 802924110082

Listed by Assembly MN LLC

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Listing agent

— 3501 Penn Ave N —

  • Assembly MN LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3501 Penn Ave N

School District:Minneapolis Public School District
NameGradesDistance
Lucy Laney @ Cleveland Park Elementary School
3333 North Penn Avenue, Minneapolis, MN 55412
PK-50.2 mi
Olson Middle School, Minneapolis, MN
1607 51st Avenue North, Minneapolis, MN 55430
6-82 mi
Henry Senior High School
4320 North Newton Avenue, Minneapolis, MN 55412
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3501 Penn Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/06/2026
Price Reduced
$317,500
-2.16%
MLS
6/02/2026
Price Reduced
$324,500
-4.42%
MLS
8/18/2025
Listed
$339,500
-57.9%
MLS
2/28/2025
Sold
$806,403
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3501 Penn Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,117
4%
$290,000
—
2025
$7,777
23%
$290,000
11%
2023
$6,329
23%
$262,000
20%
2023
$5,165
—
$218,000
3%
2023
$5,165
-2%
$211,500
6%
2020
$5,289
-8%
$199,500
5%
2019
$5,771
14%
$190,000
8%
2018
$5,058
-55%
$176,000
10%
2017
$11,332
104%
$160,000
—
2016
$5,543
-13%
$160,000
—
2015
$6,341
4%
$160,000
—
2014
$6,099
-21%
$160,000
—
2013
$7,716
—
$160,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Assembly MN LLC

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3501 Penn Avenue N, Minneapolis, MN 55412 (MLS# 6773663) is a Commercial property. 3501 Penn Avenue N is currently listed for $317,500 and was received on August 18, 2025. Want to learn more about 3501 Penn Avenue N? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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