3520 43Rd StMinneapolis, MN 55406

  • Other commercial real estate
  • 8,180 SF
For Sale
$375,000 View listing

Property Details for 3520 43Rd St

Year built
1933
Construction
CONCRETE
Lot size
0.25 AC
Property size (Sq ft)
8,180 SF
Zone code
I1
Property type
Other commercial real estate
APN
07-028-23-31-0149
APU
702823310149

Description

This exceptional 0.25-acre property, located at 3520 E 43rd Street in Minneapolis, Minnesota, presents a compelling investment opportunity. Situated just south of the vibrant downtown core, this strategically positioned lot offers unparalleled access to public transportation. Its proximity to the light rail system ensures convenient commuting for residents and employees alike, enhancing its appeal to a wide range of potential uses. The property's size provides ample space for development, making it suitable for a variety of projects. The address, 3520 E 43rd Street, places it within a dynamic and rapidly growing area of Minneapolis, benefiting from the city's ongoing economic expansion and population growth. The asking price of $375,000 reflects the significant potential inherent in this location and the possibilities it offers for future development. Given its prime location and convenient access to public transit, this property is an attractive investment for those seeking a high-return opportunity in a thriving urban setting. The property is classified as "Other," indicating its versatility and suitability for a range of development projects. Serious inquiries are encouraged to explore the full potential of this exceptional offering. Further due diligence is recommended to confirm zoning regulations and development possibilities. This is a rare opportunity to acquire a well-located property in a rapidly developing area of Minneapolis.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,721,428
    Hospitality
    $1,576,818
    Educational
    $1,311,894
    Medical
    $1,357,012
    Retail
    $2,040,725
3520 43Rd St, Minneapolis, Minnesota
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Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9253
Longitude
-93.2209
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,004
$171,500
$125,700
$297,200
-
$171,500
$125,700
$297,200

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