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    21 20Th Ave Minneapolis, MN 55454

    Sponsored
    For Sale
    Contact for pricing

    Prime Minneapolis land, RM3 zoning, near U of M.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.31-acre parcel (APN 25-029-24-22-0387) in Minneapolis, Minnesota, presents a unique development opportunity. Situated in Hennepin County, at 21 20th Ave S, zip code 55454 (latitude 44.976192, longitude -93.244474), this property boasts an RM3 zoning designation, permitting both residential and institutional uses. The land is conveniently located directly on the Bluff Street Bikeway within Bluff Street Park, offering immediate access to recreational amenities. Its prime location provides close proximity to major attractions and institutions, including the University of Minnesota, M Health Fairview, US Bank Stadium, the Stone Arch Bridge, St. Anthony Falls, Gold Medal Park, and the West River Parkway. The property is subject to University Area (UA) and Mississippi River Critical Area (MR) overlay zoning districts. The asking price is negotiable, making this an attractive investment for developers seeking a strategically located site in a vibrant and desirable area of Minneapolis. This residential land offers significant potential for a variety of projects, capitalizing on its exceptional location and versatile zoning. Serious inquiries are encouraged.

    Property Features for 21 20Th Ave

    General Information

    Property type
    Land
    Lot Size
    13,504 SF

    HighLights

    • 0.31‑acre residential land parcel in Minneapolis, MN.
    • Zoned RM3: Residence and Institutional, with University Area and Mississippi River Critical Area overlays.
    • Located on the Bluff Street Bikeway within Bluff Street Park.
    • Near University of Minnesota, M Health Fairview, US Bank Stadium, and other key attractions.
    • Price is negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.244474
    Latitude
    44.976192

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    FAQs

    What type of property is this?
    Land - Prime Minneapolis land, RM3 zoning, near U of M.
    Where is this land located?
    The property is located at 21 20Th Ave Minneapolis, MN.
    What are key features of this property?
    This property features: 0.31-acre residential land parcel in Minneapolis, MN.; Zoned RM3: Residence and Institutional, with University Area and Mississippi River Critical Area overlays.; Located on the Bluff Street Bikeway within Bluff Street Park.
    Request Owner's contact information
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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
    21 20Th Ave Minneapolis, MN 55454
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