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    3430 University Ave SE Minneapolis, MN 55413

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    For Sale
    $2,700,000

    Mixed-use property with redevelopment potential in Prospect Park neighborhood.

    Property size:
    25,734 SF
    Lot size:
    1.27 Acres

    Property Features for 3430 University Ave SE

    General Information

    Size
    25,734 SF
    Lot size
    1.27 Acres

    Source: Element, Inc Agent Ian L McRoberts

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Transit-Adjacent Mixed-Use Redevelopment Opportunity

    This highly visible 1.27-acre mixed-use site is available for sale, offering developers enhanced access to tax credits, funding programs, and financing tools. Located at 3430 University Ave SE, the property is a 25,734 square foot mixed-use building situated on a 55,232 square foot site in the Prospect Park neighborhood. The main building along University Avenue SE includes a full basement, a main level, and a partial second floor, providing flexible layouts. A separate drive-through building connected via an underground tunnel is also part of the site. Surface and underground parking connect the two structures. The property offers visibility, signage potential, and adaptability. The large parcel presents a redevelopment or repositioning opportunity. Located in a Qualified Census Tract (QCT), the site may provide advantages and funding programs that support affordable housing and community development, and enhanced feasibility for mixed-use projects.
    Location Intelligence

    Current Use by Public Records

    Discount Tire Repair ... Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2080938
    Latitude
    44.9673778

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with redevelopment potential in Prospect Park neighborhood.
    Where is this mixed-use property located?
    The property is located at 3430 University Ave SE Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - 1.27 acre transit-adjacent mixed-use site with high visibility.; - Located in a Qualified Census Tract (QCT), offering access to tax credits, funding programs, and financing tools.; - 25,734 SF mixed-use property on a 55,232 SF site in Prospect Park.
    (612) 396-7933
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    3430 University Ave SE Minneapolis, MN 55413
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    Minneapolis, MN 55413
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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
    3430 University Ave SE Minneapolis, MN 55413
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