2111-2113 Chicago AveMinneapolis, MN 55404

For Sale
$1,759,999

Redevelop into apartments or condos.

Overview

Added:
Feb 3
Days on market:
39
This exceptional 0.57-acre commercial property, located at 2111-2113 Chicago Avenue in Minneapolis, Minnesota, presents a remarkable redevelopment opportunity. Situated across from Peavey Park, this centrally located lot offers unparalleled access to key amenities and a vibrant urban environment. Its proximity to major medical facilities, including Minnesota Children's Hospital and Abbott Northwestern Hospital (less than half a mile away), ensures high demand and potential for strong rental income. Furthermore, its less than 1.5-mile distance to downtown Minneapolis and 2.5-mile proximity to the University of Minnesota further enhances its desirability. The property is zoned for mixed use, allowing for the construction of a building up to six stories high, maximizing views of the Minneapolis skyline. This presents a unique chance to create a high-value residential development, capitalizing on the area's strong rental market and convenient location. The property's size and zoning regulations provide significant flexibility for a variety of development plans. Potential buyers are responsible for independently verifying all dimensions, tax assessments, and other pertinent details. This is a truly exceptional opportunity for investors seeking a prime location with significant upside potential. Don't miss this chance to acquire a piece of Minneapolis's thriving real estate market. The asking price is $1,759,999.

Property Details for 2111-2113 Chicago Ave

Property type
Other commercial real estate
Year Built
1900
Lot Size (sq. ft)
24,829 SF

Location Insight

City
Minneapolis
County
OUT OF STATE
State
Minnesota
Latitude
44.96144
Longitude
-93.26221
2111-2113 Chicago Ave, Minneapolis, Minnesota

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2111-2113 Chicago Ave
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