Properties For Sale

at 518 Malcolm Ave SE

Available Space Sale

Size 74,297 SF

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Listed By: Russ Crawford Show Phone

Source: Transwestern

Added: Nov 24, 2025 Changed: Sep 14 Last Checked: Oct 5 at 3:03PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russ Crawford

Investment Insights

Based on property information with market context.

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.

Key Highlights

• Highly desirable Prospect Park location
• Exceptional proximity to the University of Minnesota
• Excellent development site

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Nail Salon Electrical Service Hair Salon Kitchen & Bath Showroom Real Estate Agency Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,497

Businesses Nearby

Explore this area Business Placement

Demographics for 55414, MN

36,600

Population

15,541

Households

2.4

Avg Household Size

26

Median Age

68%

College-Educated

93%

High-School Grad

3.1 sq mi

ZIP Area

11,806

Density / Sq Mi

$47,004

Median Household Income

$18,386

Median Earnings

$1,368

Median Rent

$454,200

Median Home Value

Market

Vacancy Rate% for Industrial in Minneapolis, MN

7.2% 2019

7.7% 2020

3.6% 2021

3% 2022

4.3% 2023

4.3% 2024

4.7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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