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4001 Mavelle Dr Edina, MN 55435

Sponsored
For Sale
$2,750,000

12-Unit Apartment Building, Edina, MN - High Potential

Property size:
15,000 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional 15,000 square foot, 12-unit apartment building presents a lucrative investment opportunity in the heart of Edina, Minnesota. Situated on a 0.67-acre lot, this classic property boasts eleven spacious two-bedroom, one-bathroom units and one studio apartment. Its prime location, tucked behind the Room & Board store and across from the Galleria Mall, offers unparalleled convenience. Residents enjoy easy walking access to a wide array of amenities, including numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, and Southdale Mall. The University of Minnesota and downtown Minneapolis are just a 10-minute drive away. The property is within the highly desirable Edina School District. Each unit includes a private one-car detached garage and an additional parking space. Baseboard hot water radiant heat ensures year-round comfort. Tenants are responsible for electricity. A coin-operated laundry facility is conveniently located within the building. The property's zoning (PRD-4) allows for flexible higher-density multifamily development with commercial elements, presenting significant redevelopment potential, just half a block from the France Avenue commercial district. Interested parties should contact the City of Edina for detailed zoning information. This property is also suitable for a 1031 exchange.

Property Features for 4001 Mavelle Dr

General Information

Property type
Residential income properties
Square Feet
15,000 SF
Lot Size
29,185 SF

Building Details

Year Built
1961

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Edina
County
Hennepin
State
Minnesota
Longitude
-93.33063
Latitude
44.8746

FAQs

What type of property is this?
Residential income property - 12-Unit Apartment Building, Edina, MN - High Potential
Where is this residential income property located?
The property is located at 4001 Mavelle Dr Edina, MN.
What is the asking price?
The asking price for this property is $2,750,000.
More about this property
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