$4,800,000
Minneapolis, MN 55405
MLS# 6214285
Status: Closed
Property Description
Well maintained owner/user office opportunity, conveniently located in the Harrison neighborhood. Opportunity to re-purpose the existing structure, or take advantage of favorable redevelopment zoning and construct a new mixed use property on the 2.84 acre site. 2040 guidance supports up to a 15 story tower. Property is located in a Qualified Opportunity Zone. Immediate area features over 500 new/proposed apartment units and is home to La Dona, Royal Foundry Craft Spirits, Unleashed Hops and Hounds and the Mpls Farmers Market. Amazing access to I-394 and I-94.
Details
Maps
Contract Information
Availability: Available
Owner is an Agent?: No
Status: Closed
Off Market Date: 2023-01-30
Current Price: $4,800,000
Closed Date: 2023-01-27
Sales Close Price: 4800000
Contingency: None
ListPrice: 5000000
List Date: 2022-06-06
Office/Member Info
Association: MAAR
MLSID: RMLS
General Property Information
Living Area Units: Square Feet
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 175
Owner Occupied: Yes
Year Built: 1986
Yearly/Seasonal: Yearly
Zoning: Industrial, Residential-Multi-Family
Lot Dimensions: Irregular
Acres: 2.84
Foundation Size: 15000
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: LOT 002 BLOCK 001 BASSETT VALLEY ADDN
Listing City: Minneapolis
Map Page: 106
Rental License?: No
School District: Minneapolis
Map Coordinate Source: RETS
Zip Plus 4: 1800
Property ID Number: 2102924430123
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Well maintained owner/user office opportunity, conveniently located in the Harrison neighborhood. Opportunity to re-purpose the existing structure, or take advantage of favorable redevelopment zoning and construct a new mixed use property on the 2.84 acre site. 2040 guidance supports up to a 15 story tower. Property is located in a Qualified Opportunity Zone. Immediate area features over 500 new/proposed apartment units and is home to La Dona, Royal Foundry Craft Spirits, Unleashed Hops and Hounds and the Mpls Farmers Market. Amazing access to I-394 and I-94.
Directions: Take 394 and head North to Van White Boulevard, turn right on Glenwood, property is on the right.
Accessible
None: 1
Air Conditioning
Central Air: 1
Building Information
Building Finished SqFt: 30000
Building SqFt: 30000
Construction Status
Previously Owned: 1
Exterior
Block: 1
Brick/Stone: 1
Financing Terms
Conventional: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Monthly Land Lease Amt: 0
Lock Box Type
Combo: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Public Survey Info
Range#: 24
Section#: 21
Township#: 29
Sale Options
Sale Includes: Building, Land
Sewer
City Sewer/Connected: 1
Unit Details
Total Units: 1
Water
City Water/Connected: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments and Retail: 1
Apartments/Multi Family: 1
High Rise: 1
Industrial: 1
Current Use
Commercial: 1
Industrial: 1
Office: 1
Location Tax and Other Information
House Number: 1010
Street Name: 2nd
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Bassett Valley Add
Property Features
Accessible: None
Air Conditioning: Central Air
CMU Style: Apartments and Retail; Apartments/Multi Family; High Rise; Industrial
Construction Status: Previously Owned
Current Use: Commercial; Industrial; Office
Exterior: Block; Brick/Stone
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Forced Air
Lock Box Type: Combo
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Paved Lot
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Gold Group Realty, LLC
Last Updated: August - 07 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.