MINNEAPOLIS-The former church building has been vacant for seven years. The new owners paid $380,000 and estimate renovationd will cost $3 million.
Jeffrey Laux and Gary Benson, who are partners in the Regency Athletic Club, paid $380,000 for the building, which has about 16,000-sf of useable space.
The owners estimate it will take $3 million or more to fix up the building, which is located at 111 52nd Ave. S.
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By Anthony Russo | June 27, 2025
Vacancy and asking rates are more favorable among these properties compared with Class B's.
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The most favorable rates can be found on upscale finishes and new Class As.
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Affordability, urban amenities and a high quality of life continue to attract renters.
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