For Sale: Minneapolis MLS# 6691293
Active
$795,000
Commercial: Apartments/Retail
Built 1910
Minneapolis schools
MLS# 6691293
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Property Description
Exceptional Investment Opportunity in the Heart of the Northeast Arts District
Seize the opportunity to invest in a prime location in one of the most vibrant and rapidly developing areas�?? the Northeast Arts District. Strategically positioned at the highly trafficked corner of Lowry Ave NE and Second Street NE, this property offers unparalleled visibility and access, making it a standout asset for any investor or developer.
This two-story, 5, 354 square-foot building sits on a 0.18-acre lot and is an ideal candidate for either restoration or ground-up redevelopment. The site is well-suited for a variety of uses, including retail, restaurant, or mixed-use development, and offers substantial upside potential in a thriving community that encourages innovation and growth.
The property benefits from CM-2 zoning, which permits small, moderate, and large-scale commercial uses, providing the flexibility to cater to diverse business needs. Moreover, the zoning encourages mixed-use, multistory development, opening doors for creative and impactful projects that align with the dynamic nature of the area.
With the Northeast Arts District continuing to grow in both cultural and economic significance, this is an investment opportunity with tremendous future potential. Whether you are looking to restore a landmark property or embark on a new development, this site offers a canvas for success. This Commercial opportunity is Co-Listed w/ Sabine Shea with Assembly Realty
Listing
Listing Status:
Active
Contingency:
None
List Price:
$795,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1910
State:
MN
Property Style:
Apartments/Retail
Zip Code:
55418
Neighborhood/Area:
Bottineau
Subdivision Name:
NE Minneapolis Arts District
Interior
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Full
- Unfinished
Exterior
Garage Spaces:
3
Other Parking Spaces:
4
Air Conditioning:
Central Air
Foundation Size:
2,640 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Hot Water
Parking Features:
- Asphalt
- Detached
Unit Amenities:
Hardwood Floors
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Brick/Stone
Roof Details:
- Age 8 Years or Less
- Flat
- Pitched
- Rubber
- Tar/Gravel
Lot & Land
Geolocation:
45.013024, -93.265689
Inclusions:
Building
Lot Dimensions:
44 x 158
Zoning:
Business/Commercial
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,437
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,437
Units
Total Units:
2
Miscellaneous
Current Use:
- Other
- Professional/Office
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.