Minneapolis, MN Land Property For Sale

Will only be sold with 800 10th Street South, Mpls. in a

package.

Located in a strategic position within Minneapolis, the Centennial Lot presents an exceptional opportunity for

investors seeking a lucrative parking lot asset. This well-

situated property offers convenient access to downtown amenities, major transpiration routes, and thriving commercial districts. With its prime location and high demand for parking

in the area, this lot holds immense potential for generating steady income and capital appreciation. This parking lot's central location ensures consistent traffic flow and provides easy access for commuters, residents, and visitors alike. Its proximity to downtown Minneapolis, coupled with its accessibility to major transportation networks, makes it an attractive investment opportunity.

• Located across 12th Street from the Minneapolis

Convention Center

• Skyway access available

• Walking distance from Loring Park and Walker

Art Center

• Easy access to I-35W and I-94

• Ability to go vertical up to 50 stories high

• Zoning premiums provide opportunity to build

even higher

• Church Building delivered vacant

• Parking lot income helps offset holding costs

• Near multiple hotels & luxury apartments

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.

• Currently operated as a 158 stall surface parking lot

• Large infill development site

• Quick access access to I-394, I-94 and Hwy 55

• Flexible Zoning allowing entertainment, hospitality, office,

residential

• Close to major CBD attractions including Target Field,

Target Center, First Avenue, State Theatre, Pantages

Theatre that draw over 4 million visitors per year

• Opportunity for mixed-use development

• Large site in Minneapolis CBD

• Located within Qualified Census Tract

• Rare opportunity to develop on bustling Central Avenue in NE

Minneapolis.

• Surrounded by restaurants, bars, grocery stores, pharmacies, banks,

gyms and more.

• Location lends itself well to be strong candidate for New Market Tax

Credits, Low

• Income Housing Tax Credits , and well as TOD and LCDA grants from

Met Council.

• Future site of Bus Rapid Transit (BRT) with direct access to downtown

Minneapolis

• Currently designed as a 7 story development with 110 units of housing.

This is a prime redevelopment site in the Nicollet Island – East Bank neighborhood of Northeast Minneapolis; home to a thriving community known for its arts and history, shopping, restaurants and bars, trails and breathtaking views of the river and Downtown Minneapolis. The neighborhood has experienced regular development of both mid and high-rise multifamily housing with street level retailing. Eight such developments have been completed within a 4-block radius over the past 10 years. The site is zoned for Community Mixed Use (CM3) and the Minneapolis 2040 Comprehensive Plan’s vision for this site, in a Transit 30 district, supports densification with Built Form Guidance of 10 to 30 stories. An additional 1.24 acre parcel (vacant bank branch and parking lot) across the street is also for sale by seller.

• Portfolio Sale - 2919-2931 Central Ave NE

• PRICE: Negotiable

• **Parcels can be purchased together or separately

• 2919 Central Ave NE

• Parcel ID: 01-029-24-33-0118 | Tax: $11,103

• 2923 Central Ave NE

• PID: 01-029-24-33-0119 | Tax: $3,199

• 2927 Central Ave NE

• Parcel ID: 01-029-24-33-0120 | Tax: $1,833

• 2931 Central Ave NE

• Parcel ID: 01-029-24-33-0121 | Tax: $8,580

• Land Area: 2919: 4,676 SF ; 2923-2931: 14,024 SF Zoning Code: BFT10/CM2

• Uses: Retail/Office/Warehouse/Studio

Features: Currently being used as distillery and warehouse. Great opportunity for developing into larger operation. Sales available upon request. Sale includes real property only, does not include business or fixtures.

• Portfolio Sale - 2919-2931 Central Ave NE

• PRICE: Negotiable

• **Parcels can be purchased together or separately

• 2919 Central Ave NE

• Parcel ID: 01-029-24-33-0118 | Tax: $11,103

• 2923 Central Ave NE

• PID: 01-029-24-33-0119 | Tax: $3,199

• 2927 Central Ave NE

• Parcel ID: 01-029-24-33-0120 | Tax: $1,833

• 2931 Central Ave NE

• Parcel ID: 01-029-24-33-0121 | Tax: $8,580

• Land Area: 2919: 4,676 SF ; 2923-2931: 14,024 SF Zoning Code: BFT10/CM2

• Uses: Retail/Office/Warehouse/Studio

Features: Currently being used as distillery and warehouse. Great opportunity for developing into larger operation. Sales available upon request. Sale includes real property only, does not include business or fixtures.

Current owner had an 8,000 square foot Office, Retail, Warehouse building on this lot. Adjacent property owner recently built a 14-unit apartment building on a 5,000 square foot lot. Many potential options for new construction on this site. Adjacent to the "New Nicollet" project connecting Nicollet Avenue to Lake Street.

Current Zoning is I-2 (Medium Industrial District), which currently allows outside storage, this site is surrounded by numerous Multi-Family and entertainment amenities.

Landmark Property at the Intersection of Lyndale Avenue South and Lake Street for Sale | $3,550,000.00

- 2957 Lyndale Avenue South.

- 2953 Lyndale Avenue South.

Commercial Lot | $500,000.00

*For sale combined or separately.

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

The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants (PKMS and Trio), 1 occupied retail space (The Lasherie),

and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Clear Channel Billboard.

The other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF.

The property is available for the first time in over 30 years. The property is 95% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens. The property is priced at $3,550,000.

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 had a new roof installed in 2019. The property is situated in an Opportunity Zone.

• 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