For Sale: Minneapolis MLS# 7089488
Active
$649,900
Commercial: 1 Story
Built 1950
0.2 acres
Minneapolis schools
MLS# 7089488
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Property Description
Outstanding redevelopment opportunity with exceptional long-term potential. The 2040 Plan allows for development up to four stories, creating exciting possibilities for investors, developers, and owner-users. Situated in a neighborhood experiencing significant revitalization, this property is well-positioned to benefit from continued growth and investment. Enjoy excellent walkability and convenient access to shopping, major freeways, light rail, and the airport. Currently operating as a used care sales lot, the property offers immediate functionality while future development plans take shape. Seller is open to a Contract for Deed, providing added flexibility for qualified buyers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$649,900
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1950
State:
MN
Property Style:
1 Story
Zip Code:
55417
Neighborhood/Area:
37
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
1,248 ft2
Foundation Size:
1,408 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Concrete
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.2
Geolocation:
44.911531, -93.223226
Inclusions:
Building, Business
Lot Dimensions:
131 x 66
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
6126680000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$11,014
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$11,535
Units
Total Units:
1
Miscellaneous
Current Use:
Other
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
- City Water - In Street
- 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 Coldwell Banker Realty - Southwest Regional.
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.