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    1042 18Th Ave SE Minneapolis, MN 55418

    For Sale
    Contact for pricing

    Versatile property near U of M campus with redevelopment potential.

    Property size:
    63,305 SF
    Lot size:
    2.60 Acres

    Property Features for 1042 18Th Ave SE

    General Information

    Size
    63,305 SF
    Lot size
    2.60 Acres

    Source: Commercial Equities Group, Inc Agent Jeff Salzbrun

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

    Overview

    Unique Minneapolis Property with Potential

    This Minneapolis property, constructed in 1910 with additions in 1926 and 1980, offers significant potential for various uses, including a community center, mixed-use development, housing, or a maker space. The building features 22 rooms equipped with toilet rooms and sinks, averaging 874 square feet each, along with multiple larger spaces such as a gymnasium and auditorium, as well as offices and workrooms. The property includes well-maintained mechanical systems, off-street parking, and an additional parking lot located at the corner of 19th Avenue SE and Como Avenue. Paved and grass outdoor areas are also present. Situated one block from East Hennepin and Como Avenue SE, the property is one mile from the University of Minnesota Minneapolis campus and adjacent to the Northeast Minneapolis creative district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2262613
    Latitude
    44.9890368

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    FAQs

    What type of property is this?
    School - Versatile property near U of M campus with redevelopment potential.
    Where is this school located?
    The property is located at 1042 18Th Ave SE Minneapolis, MN.
    What are key features of this property?
    This property features: - High potential for diverse uses: community center, mixed-use, housing, or "maker space".; - Prime location: one block from East Hennepin and Como Avenue SE, adjacent to the creative heart of NE Mpls, and one mile from the U of M Minneapolis campus.; - Substantial space: **22 rooms with toilet rooms and sinks**, multiple larger spaces (gymnasium and auditorium), offices, and workrooms.
    (612) 428-3333
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    1042 18Th Ave SE Minneapolis, MN 55418
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    Minneapolis, MN 55418
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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
    1042 18Th Ave SE Minneapolis, MN 55418
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