Penn And Lowry Avenues Minneapolis, MN 55402
- Land
- 12,197 SF
- 0.27 lot acres
Current Use by Public Records
- Land
Property Details for 0 Penn And Lowry Avenues
- Lot size
- 0.27 lot acres
- Property size
- 12,197 SF
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2697
- Latitude
- 44.9755
