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Investment Highlights

  • Located near Lake Street, Chicago Avenue, and minutes from Downtown Minneapolis
  • Immediate access to major transit routes and I-35W for regional connectivity
  • High walkability with proximity to retail, dining, and community services
  • Zoned for future multifamily, mixed-use, or commercial development opportunities

Executive Summary

Excellent opportunity to acquire an infill development site in one of Minneapolis’ most sought-after urban neighborhoods. This property provides a rare chance for developers and investors to capitalize on a thriving area with strong demand for both housing and local services. Its strategic location near major thoroughfares, public transit, and community amenities ensures long-term value and growth potential.

Property Facts

Price $1,278,594 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 0.22 AC
Opportunity Zone Yes
Zoning R6 - Medium-density residential zoning

1 Lot Available

Lot

Price $1,278,594 CAD
Price Per AC $5,811,790.99 CAD
Lot Size 0.22 AC

This offering consists of 0.22 acres in the heart of South Minneapolis, positioned within a highly walkable, transit-oriented neighborhood. The site features level topography with frontage along Columbus Avenue

Description

Located minutes from Downtown Minneapolis, this 0.22-acre parcel offers prime visibility and accessibility within a vibrant neighborhood setting. The site benefits from its proximity to Chicago Avenue, Lake Street, and Interstate 35W, connecting it seamlessly to the metro area. Surrounded by a mix of residential developments, retail, and service businesses, this property is ideal for developers looking to deliver new construction in an established, high-demand market. The parcel provides the flexibility for various uses, making it an excellent investment for future growth.

Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 35-029-24-33-0096
  • 35-029-24-33-0102
Land Assessment
$254,156 CAD
Improvements Assessment
$0 CAD
Total Assessment
$254,156 CAD
  • Listing ID: 32959093

  • Date on Market: 2024-08-26

  • Last Updated:

  • Address: 2938-2939 Columbus Ave, Minneapolis, MN 55407

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