• Description
  • Details
Transwestern is pleased to present purchasers with an opportunity to acquire Baker Court. The property consists of three contiguous parcels measuring a combined 1.84-acres and is improved with one office building and one single-family house. The property provides investors with a range of opportunities - full or partial redevelopment to multifamily, value-add through extension of the short-term tenants, or conversion of the existing structures to multifamily. Buyers can take advantage of a cash flowing asset as well as Opportunity Zone designation and qualified census tract.

Baker Court has excess land that can be developed into multifamily housing. 821 Raymond Avenue and 0 Territorial Road are zoned T3, Traditional Neighborhood, which “provides for higher-density pedestrian- and transit-oriented mixed-use development. It is designed for development or redevelopment of land on sites large enough to support” a mix of uses, including residential and commercial and other uses. 847 Raymond Avenue is zoned RM-4, One Family.
  • Property Type : Office
  • Class : B
  • Listing Size : 29,875
  • Year Built : 1904
  • Stories : 4
  • Typical Floor Size : 7,193
  • Elevators : 0
Erik Coglianese

Senior Associate

Minneapolis, Minnesota

(612) 359-1611

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Brian Fogelberg

Managing Director

Minneapolis, Minnesota

(612) 263-9832

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Available Space (1)

Suite
Attachments
Sqft
Rate
Type
Max Contiguous
Lease Type
Cam Charges
Building
Under Contract
21,580 Sale 21,580

Property Downloads (1)

Name Type
Baker Court Sale Brochure Sales Flyer DOWNLOAD