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    425 E Hennepin Ave Minneapolis, MN 55401

    For Sale
    $3,900,000

    Prime location in thriving arts and history neighborhood.

    Property size:
    24,900 SF
    Lot size:
    1.61 Acres

    Property Features for 425 E Hennepin Ave

    General Information

    Size
    24,900 SF
    Lot size
    1.61 Acres

    Source: TaTonka Real Estate Advisors Agent Corey Whitbeck

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

    Overview

    Redevelopment Site in Minneapolis

    This is a prime redevelopment site located in the Nicollet Island East Bank neighborhood of Northeast Minneapolis. The area is known for its arts, history, shopping, restaurants, bars, trails, and views of the river and Downtown Minneapolis. The neighborhood has seen development of mid and high-rise multifamily housing with street-level retail spaces. Eight such developments have been completed within a 4-block radius over the past 12 years. The site is zoned for Community Mixed Use (CM3). The Minneapolis 2040 Comprehensive Plan supports densification with Built Form Guidance of 10 to 30 stories in this Transit 30 district. The property size is 24900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2542787
    Latitude
    44.9893476

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    FAQs

    What type of property is this?
    Commercial land - Prime location in thriving arts and history neighborhood.
    Where is this commercial land located?
    The property is located at 425 E Hennepin Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Prime redevelopment site in the thriving Nicollet Island East Bank neighborhood; - Zoned for Community Mixed Use (CM3); - Minneapolis 2040 Comprehensive Plan supports densification with **10 to 30 stories**
    (612) 735-1983
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    425 E Hennepin Ave Minneapolis, MN 55401
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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
    425 E Hennepin Ave Minneapolis, MN 55401
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