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INVESTMENT HIGHLIGHTS
- Excellent redevelopment opportunity in population dense and connected neighborhood
- Steps from Blue Line LRT
- Seamless access to the VA Medical Center, Minneapolis–St. Paul International Airport, Mall of America, and downtown Minneapolis
EXECUTIVE SUMMARY
A 0.58-acre redevelopment site located in a high-demand South Minneapolis corridor Just steps from the Blue Line LRT, the site offers seamless access to the VA Medical Center, Minneapolis–St. Paul International Airport, Mall of America, and downtown Minneapolis.
Zoned CM2 – Corridor Mixed Use with a Corridor 6 Built Form Overlay, the property supports 2–6 stories, a 2.7 FAR, and a variety of multifamily, mixed-use, or commercial development options. Its location near major employment centers, parks, and transit makes it ideal for infill developers focused on transit-oriented housing or mixed-use product. This is a rare opportunity to deliver a high-density project in one of Minneapolis’s most connected urban neighborhoods.
Zoned CM2 – Corridor Mixed Use with a Corridor 6 Built Form Overlay, the property supports 2–6 stories, a 2.7 FAR, and a variety of multifamily, mixed-use, or commercial development options. Its location near major employment centers, parks, and transit makes it ideal for infill developers focused on transit-oriented housing or mixed-use product. This is a rare opportunity to deliver a high-density project in one of Minneapolis’s most connected urban neighborhoods.
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 32 |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1950 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.53/1,000 SF |
| Lot Size | 0.60 AC | Corridor | Exterior |
| Building Size | 19,578 SF | ||
| Zoning | CM2 - Corridor Mixed Use with a Corridor 6 Built Form Overlay | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 19,578 SF |
| No. Rooms | 32 |
| No. Stories | 2 |
| Year Built | 1950 |
| Tenancy | Single |
| Parking Ratio | 1.53/1,000 SF |
| Corridor | Exterior |
| Zoning | CM2 - Corridor Mixed Use with a Corridor 6 Built Form Overlay |
AMENITIES
- High Speed Internet Access
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 32 | $103.75 CAD | - |
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PROPERTY TAXES
| Parcel Number | 17-028-23-33-0054 | Improvements Assessment | $652,453 CAD |
| Land Assessment | $587,898 CAD | Total Assessment | $1,240,351 CAD |
PROPERTY TAXES
Parcel Number
17-028-23-33-0054
Land Assessment
$587,898 CAD
Improvements Assessment
$652,453 CAD
Total Assessment
$1,240,351 CAD
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Snelling Motel | 5346 Minnehaha Ave
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