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    1500 W Broadway Ave Minneapolis, MN 55411

    For Sale
    $539,000

    Commercial - Minneapolis, MN

    Lot size:
    0.18 Acres
    Days on Market:
    137
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 1500 W Broadway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial,Lot,Residential-Multi-Family
    APN
    1602924240135
    Parking features
    Other
    Exterior features
    Block, Brick/Stone
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1901
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Mark K Hulsey (952) 829-2900

    Listing date Jul 31, 2025

    MLS# 6703737 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Development Potential

    This commercial real estate package features a fully renovated and operational mixed-use building and an adjacent vacant lot. The property is located in a rapidly growing Opportunity Zone. The mixed-use building is income-producing with fully-leased, ground floor commercial space and residential units above. Tenants are responsible for all utilities, excluding water, sewer, and trash. The adjacent vacant lot is suitable for expansion, new development, or additional parking. Situated in a high-traffic location, the property benefits from strong foot traffic and convenient access to major transportation hubs. The location is surrounded by thriving businesses, dining options, and residential communities. Easy access to public transit and major highways ensures seamless connectivity for tenants and customers. The property is located in Minneapolis, MN, and the lot size is 0.1765 acres. The property is zoned for Business/Commercial, Lot, and Residential-Multi-Family uses. The property is positioned in a sought-after area with increasing property values.
    Property Profile Location Intelligence

    Current Use by Public Records

    CBD Wellness Cannabis Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.299068
    Latitude
    44.999761

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building and adjacent lot in Opportunity Zone.
    Where is this mixed-use property located?
    The property is located at 1500 W Broadway Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: - Income-producing mixed-use building with fully leased commercial space and residential units.; - Adjacent vacant lot ideal for expansion, new development, or additional parking.; - Located in a designated Opportunity Zone, offering valuable tax benefits.
    (952) 829-2900
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    Minneapolis, MN 55411
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 W Broadway Ave Minneapolis, MN 55411
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