Minneapolis · Commercial sale
JE Uptown 2026 buys 1104 Lagoon Ave in Minneapolis for $6.5 million
A retail building at 1104 Lagoon Ave, Minneapolis sold for $6,500,000 on September 16, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $6,500,000
- Sold
- September 16, 2026
- Property type
- Retail building
- Lot size
- 98,446 sq ft
- Year built
- 1966
A retail building at 1104 Lagoon Ave in Minneapolis sold for $6,500,000 on September 16, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue. The sale price runs 30% above the Assessor's recorded market value of $4,981,000.
Supervalu INC. sold the property to JE Uptown 2026, LLC. The building was constructed in 1966 and sits on a 2.26-acre lot, according to Assessor's records.
The last recorded sale came in 2014, when the property changed hands for $6,038,687.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $22,100 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $12,350 for the owner's title insurance policy. The seller's estimated net is $6,414,369 before brokerage commissions and any loan payoff. A cash buyer would need about $6,449,710 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1921231. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
