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    Penn And Lowry Avenues Minneapolis, MN 55402

    For Lease
    Contact for pricing

    0.27-acre lot, 12,197 sqft, C2 zoning

    Lot size:
    12,197 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.27-acre commercial land parcel, totaling 12,197 square feet, presents a unique investment opportunity in Minneapolis, MN. Located at the southeast corner of Penn Avenue North and Lowry Avenue North, this property boasts a highly desirable C2 zoning designation. The site is part of the Penn Lowry Crossing development, a thriving mixed-use center anchored by established businesses like Aldi and Family Dollar, ensuring high visibility and foot traffic. The property offers ample surface parking with 118 stalls, providing a 2.6:1,000 SF ratio. The existing development features a brick and stucco exterior, reflecting the neighborhood's character. Built in 1965 and significantly renovated, the surrounding buildings house several community-serving businesses. Amenities include well-lit parking, bicycle parking, and a paved plaza, enhancing the overall appeal and functionality of the location. This property is ideally suited for a variety of commercial uses, benefiting from its strategic location within a vibrant and growing community. The site's size and zoning provide flexibility for development, making it an attractive option for investors seeking a strong return in a prime Minneapolis location. The property is situated in Hennepin County, with a Minneapolis zip code of 55402.

    Property Features for 0 Penn And Lowry Avenues

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,197 SF

    Unit(s) available at that property

    Space
    Outlot
    Size
    12,197 SF

    HighLights

    • 0.27‑acre commercial land parcel (12,197 SF) in Minneapolis, MN, at Penn Ave N & Lowry Ave N.
    • Highly desirable C2 zoning within the Penn Lowry Crossing development, anchored by Aldi and Family Dollar, ensuring high visibility and traffic.
    • Ample surface parking (118 stalls, 2.6:1,000 SF ratio).
    • Existing buildings (30,500 SF built 2007; 15,300 SF built 1965, renovated 2007) feature brick/stucco exteriors.
    • Adjacent C2‑zoned outlot allows for 3,000‑7,000 SF retail building with drive‑thru potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.269686
    Latitude
    44.9754804

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    FAQs

    What type of property is this?
    Land - 0.27-acre lot, 12,197 sqft, C2 zoning
    Where is this land located?
    The property is located at Penn And Lowry Avenues Minneapolis, MN.
    What are key features of this property?
    This property features: 0.27-acre commercial land parcel (12,197 SF) in Minneapolis, MN, at Penn Ave N & Lowry Ave N.; Highly desirable C2 zoning within the Penn Lowry Crossing development, anchored by Aldi and Family Dollar, ensuring high visibility and traffic.; Ample surface parking (118 stalls, 2.6:1,000 SF ratio).
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    Penn And Lowry Avenues Minneapolis, MN 55402
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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
    Penn And Lowry Avenues Minneapolis, MN 55402
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