Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    228 12Th St S Minneapolis, MN 55403

    For Sale
    $5,150,000

    Land with income near Convention Center, skyway access, development potential.

    Lot size:
    1.21 Acres

    Property Features for 228 12Th St S

    General Information

    Lot size
    1.21 Acres

    Source: Upland Real Estate Group, Inc Agent Joshua Huempfner

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

    Overview

    Prime Minneapolis Location with Income

    Located across 12th Street from the Minneapolis Convention Center, this property offers skyway access and is within walking distance of Loring Park and the Walker Art Center. It provides easy access to I-35W and I-94. The site allows for vertical development up to 50 stories, with zoning premiums potentially enabling even greater height. The existing church building will be delivered vacant. Income from the parking lot helps offset holding costs. The property is situated near multiple hotels and luxury apartments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Church Lot - Lot ... Parking Lot

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2726271
    Latitude
    44.9708672

    Nearby Similar for Sale

    • $999,900
      0.22 Acres

      Historic Minneapolis Residence/Business Opportunity

      1890 residence in Loring Park, suitable for various uses.
      425 Oak Grove St, Minneapolis, MN 55403
      View Details
    • $600,000
      0.17 Acres

      Minneapolis Multi-Use Commercial Property

      6,009 SF multi-use commercial property in the heart of Minneapolis.
      2318 1St Ave S, Minneapolis, MN 55404
      View Details
    • $1,350,000
      0.15 Acres

      Prime Restaurant Opportunity, Minneapolis

      Restaurant property for sale in high-demand South Minneapolis location.
      3401-3405 Lyndale Ave S, Minneapolis, MN 55408
      View Details
    • $600,000
      0.14 Acres

      Minneapolis Multifamily Near Powderhorn Park

      Charming 6-unit apartment building steps from Powderhorn Park.
      1117 E 31St St, Minneapolis, MN 55407
      View Details
    • $699,000
      0.10 Acres

      Minneapolis Multifamily Investment Opportunity

      Six-unit building in Longfellow neighborhood with immediate cash flow potential.
      2818 E 31St St, Minneapolis, MN 55406
      View Details
    • $1,950,000
      0.40 Acres

      Corner Lot in Longfellow Neighborhood

      Highly visible corner lot in Minneapolis' Longfellow neighborhood.
      4215 E Lake St, Minneapolis, MN 55406
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with income near Convention Center, skyway access, development potential.
    Where is this commercial land located?
    The property is located at 228 12Th St S Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $5,150,000.
    What are key features of this property?
    This property features: - Build up to 50 stories high, with potential for even greater height.; - Prime location across from the Minneapolis Convention Center with skyway access.; - Delivered vacant, allowing for immediate development.
    (612) 227-0757
    Request Owner's contact information
    228 12Th St S Minneapolis, MN 55403
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    228 12Th St S
    Minneapolis, MN 55403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    228 12Th St S Minneapolis, MN 55403
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.