For Sale: Minneapolis MLS# 7083301
Active
NEW!
$795,000
Commercial: 2 Stories
5 br • 1 ba • Built 1909
0.14 acres
Minneapolis schools
MLS# 7083301
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Property Description
CM4 / Corridor 6 development site in South Minneapolis offering ~25, 200 SF of by-right residential buildable area on a 5, 913 SF lot. Six-story 5-over-1 building concept designed within all confirmed setbacks -- site plan review only, no variances required. Corridor 6 Built Form Overlay supports 4.26 FAR with 2 standard premiums and up to 84 feet height. Below-grade parking does not count toward FAR, enabling basement parking (accessed from rear alley) plus six full residential floors above. Preliminary massing supports 25-26 dwelling units, subject to final design and approvals. CM4 zoning permits four or more residential units by-right. Parking requirements are flexible due to transit corridor designation. Surface parking permitted in setback areas with screening. Existing structure is present and currently occupied but property is being marketed for land value and redevelopment. South side setback variance could unlock additional density to ~28, 000 SF / ~28-30 units. Ideal for local and regional developers seeking by-right Corridor 6 density with strong rental fundamentals. Buyer to verify zoning, setbacks, FAR premiums, and development potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$795,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1909
State:
MN
Property Style:
2 Stories
Zip Code:
55408
Neighborhood/Area:
70
Subdivision Name:
Calhoun Park
Interior
Bedrooms:
5
Bathrooms:
1
Exterior
Stories:
Two
Garage Spaces:
1
Foundation Size:
905 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Radiant
- Radiator
Parking Features:
- Carport
- Detached Garage
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
44.947939, -93.294104
Inclusions:
Building, Land
Lot Dimensions:
46 x 128.55
Zoning:
Business/Commercial
Lot Description:
- Infill Lot
- Public Transit (w/in 6 blks)
- Underground Utilities
Farm
Topography:
Level
Schools
School District:
1
District Phone:
6126680000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,486
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,486
Units
Total Units:
1
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
Water System:
- City Water - In Street
- City Water/Connected
Power Company Name:
Xcel Energy
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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 Aire LLC.
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.