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3520 43rd St Minneapolis, MN 55406-3901

OFF-MARKET Commercial real estate Google Maps
8,180 SF 0.25 ac lot Built 1933
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$215k
Range $194k – $237k (±10%)
Property ID US46-0634961

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1933
Construction CONCRETE
Total area 8,180 SF
Lot 0.25 ac (10,890 SF)
Zoning code I1
APN 07-028-23-31-0149
UPID US46-0634961

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Courier Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2012
$112,000

Zoning & alternative use

I1 · Minneapolis, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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