Listing Agency: Transwestern Show Phone

Listed By: Russ Crawford Show Phone

Source: Moodyscre

Added: Aug 16, 2023 Changed: Aug 8 Last Checked: Aug 20 at 1:05PM

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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

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Nail Salon Electrical Service Hair Salon Kitchen & Bath Showroom Plumbing Service Grocery & Convenience Store

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

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

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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