For Sale: Minneapolis MLS# 6799267
Active
NEW!
$3,000,000
Commercial: 2 Stories
Built 1950
1.27 acres
Minneapolis schools
MLS# 6799267
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Property Description
3430 University Ave SE is a 25, 734 SF mixed-use property on a prominent 55, 232 SF site in the Prospect Park neighborhood. The main building along University Ave includes a full basement, main level, and a partial second floor, providing flexible layouts for a variety of users. A separate drive-through building connected via underground tunnel is also part of the site, with surface and underground parking connecting the two structures for seamless access and circulation. The property offers excellent visibility, signage potential, and adaptability for owner-users. For investors or developers, the large parcel also presents a unique redevelopment or repositioning opportunity; located in a Qualified Census Tract (QCT), which can provide advantages and funding programs that support affordable housing and community development, and enhanced feasibility for mixed-use projects.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,000,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1950
State:
MN
Property Style:
2 Stories
Zip Code:
55414
Neighborhood/Area:
Prospect Park - East River Road
Subdivision Name:
Prospect Park 1st Div Rev
Interior
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
10,118 ft2
Handicap Accessible:
Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Open
- Parking Lot
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Lot & Land
Acres:
1.27
Geolocation:
44.967408, -93.208104
Inclusions:
Building, Land
Lot Dimensions:
158 X 381 X 125 X 450
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$51,429
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$51,429
Units
Total Units:
1
Miscellaneous
Current Use:
Vacant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Heating Common
- Hot Water Common
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 Element Inc.
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.