Two-Lot Development Land
For Sale
$300,000
2840 Bloomington Avenue, Minneapolis, MN 55407
LAND - Minneapolis, MN
Lot Size0.12 Acres
Days on Market296
Property Features for 2840 Bloomington Avenue
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential-Multi-Family
Subdivision
Merriam & Shaws Add
High school district
Minneapolis
Directions
Lake Street to Bloomington Ave. S., North to 2840
Standard status
Active
APN
3502924430116
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
511
Utilities
Utilities
Cable Available
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Jean Khembo
(952) 829-2900
Added: Oct 10, 2025
Changed: Jun 29
Last Checked: Aug 1 at 12:06AM
MLS# 6803134
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering presents two contiguous vacant lots, located at 2840 and 2844 Bloomington Avenue. The parcels are configured as a single development site and are offered together. The property is zoned RM1 with a BFC4 build form overlay, which supports multi-family or mixed-use development up to four stories by right, and up to six stories with build-form premiums.
The site is positioned along a transit corridor and is near retail and restaurants, with access to major commuter routes. That combination of transit orientation and nearby neighborhood amenities can be useful for developers evaluating infill locations.
For builders and investors looking for a consolidated land assembly, these two lots provide a straightforward path to pursue residential or mixed-use development under the stated RM1/BFC4 framework. The zoning specifics—four stories by right and the potential for six stories with build-form premiums—offer a clear basis for entitlement planning and preliminary project sizing.
The site is positioned along a transit corridor and is near retail and restaurants, with access to major commuter routes. That combination of transit orientation and nearby neighborhood amenities can be useful for developers evaluating infill locations.
For builders and investors looking for a consolidated land assembly, these two lots provide a straightforward path to pursue residential or mixed-use development under the stated RM1/BFC4 framework. The zoning specifics—four stories by right and the potential for six stories with build-form premiums—offer a clear basis for entitlement planning and preliminary project sizing.
Key Highlights
- Two contiguous vacant lots at 2840 and 2844 Bloomington Ave in South Minneapolis
- Zoned RM1 with BFC4 Build Form Overlay, allowing multi‑family or mixed use development
- Development up to 4 stories by right and up to 6 stories with build‑form premiums
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two contiguous vacant lots zoned for multi-family or mixed-use development up to six stories with build-form premiums.
Where is this residential land & home lot located?
The property is located at 2840 Bloomington Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two contiguous vacant lots at 2840 and 2844 Bloomington Ave in South Minneapolis; Zoned RM1 with BFC4 Build Form Overlay, allowing multi‑family or mixed use development; Development up to 4 stories by right and up to 6 stories with build‑form premiums
