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    2840 Bloomington Ave Minneapolis, MN 55407

    Picture of Land at Bloomington Ave 2840, Minneapolis, MN
    For Sale
    $300,000

    Lots & Land - Minneapolis, MN

    Lot size:
    0.12 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 2840 Bloomington Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Multi-Family
    APN
    3502924430116
    Lot size
    0.12 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Jean Khembo (952) 829-2900

    Listing date Oct 11, 2025

    MLS# 6803134 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

    Minneapolis Development Opportunity: Vacant Lots

    This offering presents an exceptional development opportunity in South Minneapolis, featuring two contiguous vacant lots located at 2840 and 2844 Bloomington Ave. The properties are zoned RM1 with a BFC4 Build Form Overlay, permitting multi-family or mixed-use development up to 4 stories by right, and up to 6 stories with built-form premiums. Situated along a transit corridor, the location offers convenient access to retail, restaurants, and major commuter routes. This prime infill site is well-suited for builders and investors seeking a high-visibility, transit-oriented location. The combined lot size is 0.12 acres. The listing price includes both lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.252875
    Latitude
    44.950604

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    FAQs

    What type of property is this?
    Land - Two contiguous vacant lots in South Minneapolis, ideal for development.
    Where is this land located?
    The property is located at 2840 Bloomington Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Prime infill site in South Minneapolis.; - Multi-family or mixed-use development potential (up to 4 stories by right, 6 with premiums).; - Two contiguous vacant lots included in the list price.
    (952) 829-2900
    Request Owner's contact information
    2840 Bloomington Ave Minneapolis, MN 55407
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    Minneapolis, MN 55407
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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
    2840 Bloomington Ave Minneapolis, MN 55407
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