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    518 Malcolm Ave SE Minneapolis, MN 55414

    For Sale
    Contact for pricing

    Development site in Prospect Park near the University of Minnesota.

    Lot size:
    1.71 Acres

    Property Features for 518 Malcolm Ave SE

    General Information

    Lot size
    1.71 Acres

    Source: Transwestern Agent Russ Crawford

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

    Overview

    Prospect Park Development Site

    This property is a development site located in the highly desirable Prospect Park area, offering exceptional proximity to the University of Minnesota. The University has a large population of over 50,000 students and 20,000 faculty and staff. The zoning is I2: Medium Industrial District, and outside storage is a possibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -93.2116595
    Latitude
    44.9737998

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    FAQs

    What type of property is this?
    Land - Development site in Prospect Park near the University of Minnesota.
    Where is this land located?
    The property is located at 518 Malcolm Ave SE Minneapolis, MN.
    What are key features of this property?
    This property features: - Highly desirable Prospect Park location; - Exceptional proximity to the University of Minnesota; - Excellent development site
    (612) 741-4800
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    518 Malcolm Ave SE Minneapolis, MN 55414
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    Minneapolis, MN 55414
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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
    518 Malcolm Ave SE Minneapolis, MN 55414
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