UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Ne Minneapolis Arts District
MLS Listing ID 6691293
Year Built 1910
Annual Tax Amount $7,437
Lot Dimensions 44x158
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
Community Ne Minneapolis Arts District
Direction On the corner of Lowry Ave and 2nd St NE
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Hot Water
Cooling Central
Exterior
Parking Features Detached Garage, Driveway - 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
Accessibility None
Total Parking Spaces 3
Building
Lot Description Corner Lot, Public Transit (w/in 6 blks)
Water City Water/Connected
Others
Senior Community No
Tax ID 1102924320034
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