Minneapolis, MN Land Property For Sale

All set for multiple families. Duplex b4

Former Quality Machine site. 3.67 acres of land, or 159,769 sf. Excellent location in Brooklyn Park. Easy access to I-94 and Brooklyn Blvd. Surrounded by multi-family. R-6 Multiple Family Residential District.

• The overlay district allows this site to be approved for 50 stories

• Premiums and detailed plans about use/project can increase height

even higher

• Ability to connect to Skyway

• Skyway connection available

• Located across 12th St. from the Minneapolis Convention

Center

• Ability to go vertical 50 stories high

• Easy access to I-35W and I-94

• Zoning premiums provide opportunity to build even higher

• Property delivered vacant and ready for development

Excellent infill development site. Build Form Corridor 4, Urban Residential Land.

This Property May Qualify For New Market Tax Credits!

This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lake in Minneapolis’ popular Uptown neighborhood.

The property consists of two parcels, one featuring a mixed-use apartment and retail/restaurant building encompassing 18,703 SF with 2 occupied restaurants (It’s Greek To Me and Trio), 2 occupied retail spaces (Suite Spot Salon Spa and The Lasherie), and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Clear Channel Billboard. The Property is priced at $3,495,000

The other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF. The Parcel is priced at $500,000.

Both Parcels can be sold combined or separately.

The property is available for the first time in over 30 years. The building is 100% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens.

The restaurants, apartments, and retail feature very tall ceilings and windows throughout. The Restaurants and Retail Spaces have been completely updated. The property has been well maintained and has a new roof, installed in 2019. The property is situated in an Opportunity Zone.

For Sale: 5,243 SF

2021 Taxes $8,755.68

Sale Price: $500,000.00 ($95.37 PSF)

Touring of the Apartment Units requires 72-hour notice to the renters.

• Excellent access to 94, 35W, 394 and Hwy 55

• Blocks to US Bank Stadium and Target Center

2-acre wooded lot adjacent to Pilgrim United Methodist Church. *Wooded land adjacent to church parking lot is what's for sale - approximately 2 acres - church is not for sale* Great opportunity for your new or existing business!

-3.5% Payout!

-Zoning: Business/Commercial

-Priced at $600,000

• Skyway access opportunity

• Located 2 blocks away from Metro Light Rail Transit Line

• Minutes from U.S. Bank Stadium, Target Center, and Target Field

Property Highlights:

• Skyway connection opportunity

• Zoned B4-1 (Downtown Business District)

• Zoning code allows: entertainment, residential and public uses which

complete the mixed use character of the area.

• B4 Zoning District allows the highest density office development

within the downtown area

• Excellent development site

• Easy access to light rail and skyway

• Many area amenities within walking distance - including

restaurants, hotels & retail

Property Details:

• Great potential for a hotel or multifamily development

• A rare opportunity to acquire a development site in the heart of the

Northeast neighborhood

• Overlay height restriction of 140’ however there is a strong

precedence of variances allowing greater height

• Outside of the St Anthony Falls Historic Overlay District

• Accepting Offers

• C2 Zoning

• 22,112 SF; .50 Acres

• PID: 23-029-24-12-0107, 23-029-24-12-0108

• Proposed Taxes: $14,826.00 & $38,160.00