Tara Jaeger-Olson - Coldwell Banker River Valley Realtors
928 E Franklin Ave
Minneapolis, MN 55404

Description

Almost a 1/2 acre of C2 Zoned land says it all, the future of this area is very bright based on current & future development projects in the works. Downtown RE has become so expensive, this is the next big redevelopment area. Turn $700K in to a $6 to $7 million mixed use 4 story complex with national tenants pay over $40/SF to occupy the 1st floor commercial space. Get 1st right to buy more land to the North that could be converted to C2 zoning. (This is not a guarantee of future profits)

Details

MLS#5006519
Sub-TypeResale
StatusActive
Year1962
Days On Site82

Features

SQ Feet1,500
Story(s)1
Units1
ZoningBusiness/Commercial

Market Activity 55404

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Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55404
AreaMinneapolis (MN)
Listing VS Median (in 55404)
Price:
$700,000
low | high
Med:
$264,900
100% of Average
SqFt:
1,500
low | high
Med:
835
94.333333333333% of Average
$ / SqFt:
$467
low | high
Med:
$317
82.018819503849% of Average
On Site:
82
low | high
Med:
82
100% of Average
Listing Updated: 12/11/2018
MLS Number: 5006519
Listing Provided By:
Martin Turner  of  National Realty Guild