Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Ne Minneapolis Arts District
MLS Listing ID 6816834
Year Built 1910
Annual Tax Amount $7,437
Tax Year 2025
Contingent None
Lot Dimensions 44x158
Property Sub-Type Mixed Use
Property Description
Seize the opportunity to invest in a prime location in one of the most vibrant and rapidly developing areas— the Northeast Arts District. Strategically positioned at the highly trafficked corner of Lowry Ave NE and Second Street NE, this property offers unparalleled visibility and access, making it a standout asset for any investor or developer.
This two-story, 5,354 square-foot building sits on a 0.18-acre lot and is an ideal candidate for either restoration or ground-up redevelopment. The site is well-suited for a variety of uses, including retail, restaurant, or mixed-use development, and offers substantial upside potential in a thriving community that encourages innovation and growth.
The property benefits from CM-2 zoning, which permits small, moderate, and large-scale commercial uses, providing the flexibility to cater to diverse business needs. Moreover, the zoning encourages mixed-use, multistory development, opening doors for creative and impactful projects that align with the dynamic nature of the area.
With the Northeast Arts District continuing to grow in both cultural and economic significance, this is an investment opportunity with tremendous future potential. Whether you are looking to restore a landmark property or embark on a new development, this site offers a canvas for success. This Commercial opportunity is Co-Listed w/ Sabine Shea with Assembly Realty
Location
State MN
County Hennepin
Zoning Business/Commercial
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Hot Water
Cooling Central Air
Inclusions Building
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Detached, Asphalt
Garage Spaces 3.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less,Flat,Pitched,Rubber,Tar/Gravel
Present Use Professional/Office,Other
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot
Foundation 2640
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Minneapolis
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Agent | License ID: 40658950