4651 Nicollet Ave Minneapolis, MN 55419-5506

Property Details for 4651 Nicollet Ave

Year built

1921

Construction

WOOD

Lot size

0.12 lot acres

Property size

977 SF

Zone code

C1

Property type

Commercial real estate

APN

15-028-24-12-0040

APU

1502824120040

Description

This exceptional investment opportunity presents a brand-new, multi-unit luxury apartment complex located at 4651 Nicollet Avenue in Minneapolis' desirable Tangletown neighborhood. The property sits on a 0.12-acre lot and boasts a total of 45,900 square feet of space. The development offers unparalleled flexibility, allowing for configurations ranging from two twelve-unit buildings to a single forty-five-unit building. Each unit is designed with modern living in mind, featuring contemporary finishes, open-concept layouts, and large windows that flood the spaces with natural light. A variety of floor plans are available, including studios, one-bedroom, and two-bedroom apartments, catering to a diverse range of renters. Sustainability is a key feature, with the building incorporating eco-friendly materials and energy-efficient systems to minimize environmental impact. Smart home technology is integrated throughout, including smart thermostats, keyless entry, and high-speed internet connectivity, enhancing both convenience and appeal to modern tenants. The property's prime location provides convenient access to public transportation, major highways, and downtown Minneapolis, while also being close to parks, schools, and recreational facilities. This development is ideally suited for investors seeking a high-demand rental property in a thriving area, offering attractive rental yields and significant potential for long-term appreciation. The asking price for this exceptional property is $15,500,000. Further details are available upon request.