Paved Commercial Development
For Sale
$549,000
5020 Xerxes Avenue S, Minneapolis, MN 55410
LAND - Minneapolis, MN
Property Size5,376 SF
Lot Size0.12 Acres
Price / SF$102.12
Days on Market118
Property Features for 5020 Xerxes Avenue S
General Information
Property type
Land
Property subtype
Other
Subdivision
Steeles Lake Harriet Park Add
Lot features
Public Transit (w/in 6 blks)
High school district
Minneapolis
Directions
South on Xerxes Ave S. from W. 50th St.
Standard status
Active
APN
1702824310069
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7430
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Christian K Lindgren
(612) 821-7400
Added: Apr 16
Changed: Jun 29
Last Checked: Aug 11 at 5:06PM
MLS# 7056708
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 paved commercial lot measures 42 feet by 128 feet (approximately 5,376 square feet) and is currently utilized as a parking lot. The site is presented as redevelopment-ready, with public remarks indicating no structural demolition required, supporting a straightforward path for new development after approvals. The property is positioned for a range of infill concepts subject to City of Minneapolis zoning verification, including boutique mixed-use, live/work, small multifamily, or premium residential uses.
Located in southwest Minneapolis at 5020 Xerxes Avenue S, the lot is described as steps from West 50th Street transit connections. Metro Transit Routes 36 and 46 provide accessibility north to Uptown and south to Southdale and surrounding employment centers, which can be valuable for tenants and residents considering day-to-day commute and connectivity.
For developers, builders, and owner-users, this parcel offers a compact, paved footprint suitable for a 2–3 story mixed-use approach with street presence and potential upper-level residential components, subject to zoning and approvals. The surrounding corridor is described as supporting a mix of neighborhood retail, office, and residential uses, aligning with infill strategies that depend on walkability and established community services. Interested parties should verify zoning requirements and permitted uses with the City of Minneapolis before proceeding.
Located in southwest Minneapolis at 5020 Xerxes Avenue S, the lot is described as steps from West 50th Street transit connections. Metro Transit Routes 36 and 46 provide accessibility north to Uptown and south to Southdale and surrounding employment centers, which can be valuable for tenants and residents considering day-to-day commute and connectivity.
For developers, builders, and owner-users, this parcel offers a compact, paved footprint suitable for a 2–3 story mixed-use approach with street presence and potential upper-level residential components, subject to zoning and approvals. The surrounding corridor is described as supporting a mix of neighborhood retail, office, and residential uses, aligning with infill strategies that depend on walkability and established community services. Interested parties should verify zoning requirements and permitted uses with the City of Minneapolis before proceeding.
Key Highlights
- 5020 Xerxes Ave S: 42' x 128' paved commercial lot (approx. 5,376 SF) currently used as a parking lot
- Redevelopment‑ready footprint with no structural demolition required, per listing remarks
- Steps from West 50th Street transit connections with Metro Transit Routes 36 and 46
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
Explore this area
Business Placement
Demographics for 55410, MN
21,352
Population
8,685
Households
2.5
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
3.1 sq mi
ZIP Area
6,888
Density / Sq Mi
$144,973
Median Household Income
$77,518
Median Earnings
$1,622
Median Rent
$597,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment-ready paved lot currently used as parking, with transit access via Metro Transit Routes 36 and 46 nearby.
Where is this commercial land located?
The property is located at 5020 Xerxes Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 5020 Xerxes Ave S: 42' x 128' paved commercial lot (approx. 5,376 SF) currently used as a parking lot; Redevelopment‑ready footprint with no structural demolition required, per listing remarks; Steps from West 50th Street transit connections with Metro Transit Routes 36 and 46
