228 12Th St Minneapolis, MN 55403
- Commercial real estate
- 1.21 lot acres
Current Use by Public Records
- Church Lot - Lot 43 / Parking Lot
Property Details for 228 12Th St
- Lot size
- 1.21 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.21-acre commercial property at 228 12th St. S in Minneapolis, MN (zip code 55403), offers a unique redevelopment opportunity. Currently vacant, the site is zoned B4S-2 District and boasts significant potential. The property includes a substantial parking lot with 80 spaces, generating income to offset holding costs. Its strategic location directly across 12th Street from the Minneapolis Convention Center provides unparalleled visibility and accessibility. The site benefits from convenient skyway access, placing it within easy walking distance of Loring Park and the Walker Art Center. Major transportation arteries, I-35W and I-94, are also readily accessible. The zoning allows for vertical development up to 50 stories, with potential for even greater height due to zoning premiums. The existing structure is a vacant church building, presenting a blank canvas for creative vision. The surrounding area is vibrant, featuring numerous hotels and luxury apartments, ensuring a strong potential customer base for any new development. The asking price for this remarkable property is $5,150,000. This is a rare chance to acquire a prime piece of Minneapolis real estate with exceptional upside potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2723356
- Latitude
- 44.9707035
