For Sale: Minneapolis MLS# 7094684
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Property Description
Note: Do not disturb house on north parcel. Rare development opportunity in the heart of Northeast's thriving Arts District. This offering combines
two parcels, 917 NE 18th Ave and 1807 Jackson St NE, totaling 15, 308 square feet on a corner site, in one
of Minneapolis's most active neighborhoods with strong rental demand and quick access to downtown and the riverfront. The 1807 Jackson St NE parcel includes an existing 2 bedroom, 1 bathroom single-family home with the potential to expand, while 917 NE 18th Ave is a vacant lot, giving a buyer flexibility to hold and improve the existing residence in the near term while planning a larger redevelopment of the full
corner.
The combined site is zoned CM2 Commercial Mixed-Use with the Transit 10 built form overlay, one of the
most flexible and highest-capacity designations in the city. Transit 10 allows building heights from two
to ten stories, up to 140 feet, with a base floor area ratio of 5.4. CM2 permits a broad slate of uses by
right under the Minneapolis use table, including multiple-family dwellings of four or more units,
restaurants, general retail, office, lodging, art studios, and breweries or distilleries, supporting
straightforward residential, commercial, or mixed-use redevelopment.
Both parcels also fall within a Great Streets Eligible boundary with the City of Minneapolis, opening
access to City development and business support programs. Whether you are looking to build now or land bank a prime Arts District corner with future upside, this is a hard-to-replicate position in a
neighborhood with limited remaining infill sites.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$565,000
Property Type:
Lot/Land
City:
Minneapolis
County:
Hennepin
State:
MN
Property Style:
Lot/Land
Zip Code:
55418
Neighborhood/Area:
43
Subdivision Name:
East Side Add
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.35
Geolocation:
45.006073, -93.248668
Inclusions:
Torrens
Lot Dimensions:
86 x 177
Addl Parcels:
1102924440062
Restrictions:
Open
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
1
District Phone:
6126680000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,560
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,560
Association Fee Required:
No
Association Fee:
None
Taxable Acres:
0.35
Miscellaneous
Development Status:
Raw Land
Improvements:
None
Available Utilities:
- None Connected
- Sewer Available
- Water Available
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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 LPT Realty, LLC.
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.