The official word is that it is the price for one of the businesses in the building: Executive Coffe and Tea. And you'd still have to lease the space.
The whole thing chained from when I was driving down Nicollet and saw that the Werness Brothers Funeral Chapel building was for sale (3700 Nicollet Ave S. if you're interested). I stopped and took a look at it, since it's close to my house and the idea of studio/living/office space is still a siren song that calls to me from the dead of night.
Well, at first glance, it's in a state of disrepair. Nothing major that I could see, but definitely needing some carpentry work, some stucco repair, and a coat of paint. A bit more than general maintenance, but nothing that means it's going to collapse.
It's a pretty big place, though it's a pretty residential-looking building. It looks like a mid-sized home with a building attached in the back. There is a huge parking lot that really needs a recoat since there are trees starting to grow from the cracks.
Knowing housing prices in the area, I was figuring somewhere between $350-$500,000.
Nope. $1.9 Million.
Okay, first of all, 24,398 square feet of enclosed space? A city lot is only 5000 square feet, and this is maybe three lots wide. Unless there is some sort of a tesseract inside, I don't see how they get 24k, even with three floors.
Part of me is really curious. But not $1.9 Million kind of curious.