3700 Minnehaha Ave - Minnehaha Avenue Corner Lot 0.41 Acres of Commercial Land Offered at $969,835 CAD in Minneapolis, MN 55406
INVESTMENT HIGHLIGHTS
- Preliminary Entitlements for Multi-Family with no Commerical Space Requirement Complete!
- Zoned for up to 63,694 GFA of Multi-Family
- All Existing Utilities to Single Family Homes Removed to the Street
- Many New Multi-Family buildings in the neighborhood
EXECUTIVE SUMMARY
Preliminary work has already begun on this prime Minnehaha Avenue site! See attached site plan that has received verbal approval from Minneapolis city staff. Land Use and PDR applications currently in progress. All existing utilities have been disconnected at the curb and all overhead power lines bordering the property have been moved to the opposite side of the alley. Zero setback is allowed on both sides of the corner on this lot and NO COMMERCIAL SPACE IS REQUIRED! Up to 63,694 GFA is allowed with NO VARIANCES! Up to 42,463 GFA with no bonuses (2.4 base FAR). Please see attached survey, inquire for more information.
PROPERTY FACTS
| Price | $969,835 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.41 AC |
| Zoning | CM2 - Corridor mixed use district includes small,moderate and large-scale commercial uses. Mixed-use multi-story development is encouraged but not required |
1 LOT AVAILABLE
Lot 1
| Price | $969,835 CAD |
| Price Per AC | $2,365,450.09 CAD |
| Lot Size | 0.41 AC |
Three Contiguous Lots on Minnehaha Avenue! This property sale includes 3700-3704 Minnehaha Avenue, and 3217 37th Street East. This CM2 zoned property has the ability to support up to 63,694SF of Multi-Family with NO VARIANCES or rezoning!
DESCRIPTION
2 existing homes with 2 detached garages ready for redevelopment. Zoned CM2 with no commercial space required! All utilities already disconnected at street.
1 of 1
Walk Score®
Very Walkable (71)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 06-028-23-33-0133 | Improvements Assessment | $0 CAD |
| Land Assessment | $87,410 CAD | Total Assessment | $87,410 CAD |
CONTACT
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Alex Brogle - Aberdeen Companies
