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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

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.
More about this property
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