2111-2113 Chicago Ave Minneapolis, MN 55404
- Commercial real estate
- 0.57 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2111-2113 Chicago Ave
- Year built
- 1900
- Lot size
- 0.57 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.57-acre commercial property, located at 2111-2113 Chicago Avenue in Minneapolis, Minnesota, presents a remarkable redevelopment opportunity. Situated across from Peavey Park, this centrally located lot offers unparalleled access to key amenities and a vibrant urban environment. Its proximity to major medical facilities, including Minnesota Children's Hospital and Abbott Northwestern Hospital (less than half a mile away), ensures high demand and potential for strong rental income. Furthermore, its less than 1.5-mile distance to downtown Minneapolis and 2.5-mile proximity to the University of Minnesota further enhances its desirability. The property is zoned for mixed use, allowing for the construction of a building up to six stories high, maximizing views of the Minneapolis skyline. This presents a unique chance to create a high-value residential development, capitalizing on the area's strong rental market and convenient location. The property's size and zoning regulations provide significant flexibility for a variety of development plans. Potential buyers are responsible for independently verifying all dimensions, tax assessments, and other pertinent details. This is a truly exceptional opportunity for investors seeking a prime location with significant upside potential. Don't miss this chance to acquire a piece of Minneapolis's thriving real estate market. The asking price is $1,759,999.
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
- OUT OF STATE
- State
- Minnesota
- Longitude
- -93.2622
- Latitude
- 44.9614
