1024 E 38th St

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1024 E 38th St

Minneapolis, MN 55407
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

1024 East 38th Street is located in the Bancroft neighborhood of South Minneapolis, situated on a primary east-west thoroughfare. The property sits within a mixed-use district characterized by a blend of residential housing and local commercial storefronts. Nearby amenities include Sabathani Community Center and several neighborhood parks, with numerous cafes and independent retailers positioned along the 38th Street corridor. The location is served by Metro Transit bus routes and provides proximity to Interstate 35W, facilitating access to the broader Minneapolis-Saint Paul metropolitan area. The building’s retail zoning and street-level visibility make it suitable for a variety of neighborhood-scale commercial uses. Potential applications include boutique retail, specialty grocery, or professional service offices such as insurance or creative agencies. The location is well-positioned for owner-occupiers or tenants seeking to serve the surrounding high-density residential population. Typical tenant profiles for this submarket include independent business owners and community-focused service providers looking for a storefront presence with consistent local foot traffic and commuter visibility.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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