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    199 Irving Ave Minneapolis, MN 55405

    For Lease
    Contact for pricing

    1.24 Acres, 54,000 sqft potential

    Lot size:
    54,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.24-acre commercial land parcel presents a unique investment opportunity in Hennepin County's burgeoning Bassett Creek Valley district. Zoned for mixed-use development, this single-tenant site offers 54,000 square feet of potential building space. The property is ideally situated within a revitalization plan aiming to create a vibrant, diverse community. This initiative includes remediation of existing environmental concerns, upgrading aging infrastructure, and enhancing the natural beauty of Bassett Creek. The overall vision is to foster a sustainable, equitable environment that blends residential, commercial, and recreational spaces. This location offers unparalleled potential to contribute to the ongoing transformation of the Harrison Neighborhood, connecting North Minneapolis to the city center. The site's strategic location and the ambitious redevelopment plan make this a compelling opportunity for developers seeking to participate in a significant community revitalization project. The potential for substantial returns aligns with the area's projected growth and the increasing demand for mixed-use developments in this rapidly evolving district. This is a chance to be part of a positive and impactful project with long-term growth potential. The 54,000 square foot potential building area allows for significant flexibility in development plans.

    Property Features for 199 Irving Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,000 SF

    Unit(s) available at that property

    Space
    Outlot
    Size
    54,000 SF

    HighLights

    • 1.24‑acre commercial land parcel in Hennepin County.
    • Single‑tenant occupancy.
    • 54,000 square feet of developable land.
    • Mixed‑use zoning potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2998219
    Latitude
    44.9778183

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    FAQs

    What type of property is this?
    Land - 1.24 Acres, 54,000 sqft potential
    Where is this land located?
    The property is located at 199 Irving Ave Minneapolis, MN.
    What are key features of this property?
    This property features: 1.24-acre commercial land parcel in Hennepin County.; Single-tenant occupancy.; 54,000 square feet of developable land.
    Request Owner's contact information
    199 Irving Ave Minneapolis, MN 55405
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    Minneapolis, MN 55405
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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
    199 Irving Ave Minneapolis, MN 55405
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