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    2111-2113 Chicago Ave Minneapolis, MN 55404

    Sponsored
    For Sale
    $1,759,999

    Redevelop into apartments or condos.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    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 Features for 2111-2113 Chicago Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    OUT OF STATE
    State
    Minnesota
    Longitude
    -93.26221
    Latitude
    44.96144

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    FAQs

    What type of property is this?
    Commercial real estate - Redevelop into apartments or condos.
    Where is this commercial real estate located?
    The property is located at 2111-2113 Chicago Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,759,999.
    (763) 777-7880
    Request Owner's contact information
    2111-2113 Chicago Ave Minneapolis, MN 55404
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    Minneapolis, MN 55404
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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
    2111-2113 Chicago Ave Minneapolis, MN 55404
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