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    41 10Th St Minneapolis, MN 55403

    Sponsored
    For Sale
    $4,671,810

    Prime CBD Location, High-Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,671,810 USD mixed-use property, located at 41 10th St N, Minneapolis, MN 55403 (APN 2202924340144), presents a unique infill development opportunity in the heart of the Minneapolis Central Business District. Currently operating as a 158-stall surface parking lot, the site boasts flexible Downtown Center District-DT1 zoning, permitting a diverse range of uses including entertainment, hospitality, office, and residential developments. Its strategic location provides quick access to major highways (I-394, I-94, and Hwy 55), maximizing accessibility and connectivity. The property's proximity to significant attractions like Target Field, Target Center, First Avenue, the State Theatre, and the Pantages Theatre, which collectively draw over 4 million visitors annually, ensures high visibility and potential for strong tenant demand. This large site within a Qualified Census Tract offers developers a remarkable chance to create a vibrant and impactful mixed-use project in one of Minneapolis' most dynamic and desirable neighborhoods. The substantial size and flexible zoning make this an unparalleled opportunity for a high-density development catering to the city's growing population and diverse needs.

    Property Features for 41 10Th St

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • 158‑stall surface parking lot currently operating.
    • Large infill development site in Minneapolis CBD, within a Qualified Census Tract.
    • Excellent access to I‑394, I‑94, and Hwy 55.
    • Flexible zoning permits entertainment, hospitality, office, and residential uses.
    • Proximity to major attractions (Target Field, Target Center, etc.) attracting over 4 million annual visitors; ideal for mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.280247995119
    Latitude
    44.977426618091

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    FAQs

    What type of property is this?
    Office Property / Space - Prime CBD Location, High-Density Potential
    Where is this office property / space located?
    The property is located at 41 10Th St Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $4,671,810.
    What are key features of this property?
    This property features: 158-stall surface parking lot currently operating.; Large infill development site in Minneapolis CBD, within a Qualified Census Tract.; Excellent access to I-394, I-94, and Hwy 55.
    Request Owner's contact information
    41 10Th St Minneapolis, MN 55403
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    Minneapolis, MN 55403
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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
    41 10Th St Minneapolis, MN 55403
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