Minneapolis · Commercial sale
LRS of Minnesota buys 111 22nd Ave N in Minneapolis for $3.94 million
An industrial property at 111 22nd Ave N, Minneapolis sold for $3,937,300 on September 4, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $3,937,300
- Sold
- September 4, 2026
- Property type
- Industrial property
- Lot size
- 68,825 sq ft
- Year built
- 2014
An industrial property at 111 22nd Ave N in Minneapolis sold for $3,937,300 on September 4, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue. The price is 7.3 times the most recent earlier sale on record, $541,449 in 2001.
The Assessor's records show a market value of $1,669,000; the sale price is 2.4 times that. The Assessor's records also show a 2014 construction date and a 1.58-acre lot.
The record lists West Broadway Partners, LLC as the seller and LRS of Minnesota, LLC as the buyer. The deed conveys 2 parcels; 111 22nd Ave N is the largest one identified.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $13,386.82 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $7,865.28 for the owner's title insurance policy. The seller's estimated net is $3,886,294 before brokerage commissions and any loan payoff. A cash buyer would need about $3,908,437 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1918306. 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.
