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Active
$390,000
/mo Edit
Lot/Land:  Lot/Land
0.29 acres
Minneapolis schools
MLS# 6767289
My rating:
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    Property Description

    Hard corner Lot in Minneapolis, flat, buildable and zoned C1. The property is zoned CM3, Community Mixed Use District, which allows many neighborhood serving commercial uses.---------- ------- Prime development opportunity near Lake Street! Zoned for high-density use with potential to build up to a 10-story mixed-use or multifamily building. Ideal for developers seeking vertical growth in a walkable, transit-connected corridor. Located steps from Lake Street, in alignment with the City’s Comprehensive Plan encouraging denser, mixed-use projects. Unique expansion potential with the city-owned lot behind the property. While no current agreement exists, the City has expressed interest in future assemblage to support higher-density development. Seize this chance to shape the future of South Minneapolis.

    Listing

    Contingency: None
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Lot/Land
    Zip Code: 55407
    Neighborhood/Area: Corcoran
    Subdivision Name: Minnehaha Add

    Lot & Land

    Acres: 0.29
    Geolocation: 44.948124, -93.244517
    Inclusions: None
    Lot Dimensions: 125.10 x 100.00
    Restrictions: Other
    Zoning: Business/Commercial

    Farm

    Topography: Level

    Schools

    School District: 1
    District Phone: 612-668-0000

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,274
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,274
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Development Status: Other
    Improvements: None
    Available Utilities:
    • Electricity Available
    • Natural Gas Available
    • None Connected
    • Sewer Available
    • Water Available

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Fahan Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.