For Sale: Minneapolis MLS# 6733010
Active
$800,000
Commercial: Apartments
Built 1900
0.39 acres
Minneapolis schools
MLS# 6733010
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Property Description
Unlock the potential of this exceptional corner lot located in one of Northeast Minneapolis' most rapidly transforming corridors. This 0.39-acre site spans two parcels—2500 Madison St NE and 661 Lowry Ave NE—positioned at the intersection of future-forward city planning and vibrant urban energy.
Designated under the Minneapolis 2040 plan with Corridor 6 zoning guidance, the site is ideal for medium-to-high-density multifamily development. The classification allows for buildings of potentially up to six stories, with ground-floor commercial optional—offering flexibility for both mixed-use and purely residential projects.
Whether you're looking to break ground immediately or land landbank for future appreciation, this site offers a rare opportunity to invest in one of the city's most dynamic neighborhoods. With strong public infrastructure improvements in motion and favorable long-term planning guidance, this property stands out as a prime covered land play with significant upside.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$800,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Apartments
Zip Code:
55418
Neighborhood/Area:
Holland
Subdivision Name:
Leavitts Add
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
17,020 ft2
Handicap Accessible:
None
Heating System:
None
Parking Features:
None
Exterior Material:
Other
Lot & Land
Acres:
0.39
Geolocation:
45.013372, -93.254669
Inclusions:
Building, Land
Lot Dimensions:
185 x 92
Addl Parcels:
1102924130100
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,070
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,070
Units
Total Units:
2
Miscellaneous
Current Use:
Other
Fuel System:
Other
Owner Occupied:
No
Sewer System:
None
Available Utilities:
None
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of NAI Legacy.
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.