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1300 New Brighton Blvd
Minneapolis, MN 55413
Mpls I35W Frontage Development Opportunity · Land For Sale
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5.32 AC
Investment Highlights
- Prime Location
- Rare Truck & Trailer Parking Use
- Investment Upside
- Strong Tenancy & Stable Income
- Operational Advantages
Executive Summary
Situated on 5.32 acres in the heart of the Minneapolis Northeast/ Quarry submarket, the property is 100% leased to three national and regional trucking and container operators. In addition to the secured yard areas, the site includes an approximately 1,650 SF office building, leased by two of the tenants, and features a mixture of paved and Class 5 surfaces. The property operates with minimal owner responsibilities, as expenses are passed through to the tenants.
The site offers a grandfathered truck and trailer parking use, a highly valuable feature given current city restrictions that have pushed most available parking options more than 20 miles outside Minneapolis. Tenant areas are fully separated by fencing, the access road is county-maintained with no winter restrictions, and the property is equipped with electrical power for lighting and truck/trailer plug-ins at tenant expense. Exceptional visibility and access from Interstate 35W, coupled with a location less than two miles from downtown, position the asset as one of the most strategically located transportation yards in the urban core. The property is zoned PR2 – Production and Processing District, supporting a wide range of industrial and transportation uses.
With strong in-place income and immediate upside from increasing rents, investors also have long-term optionality, including the potential to acquire adjacent MnDOT land for expansion. This offering provides a supply-constrained, high-demand industrial land opportunity in one of Minneapolis’ most sought-after logistics corridors.
Property Facts
| Sale Type | Investment | Total Lot Size | 5.32 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Industrial | ||
| Zoning | PR2 - Production and Processing District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Total Lot Size | 5.32 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | PR2 - Production and Processing District |
1 Lot Available
Lot
| Lot Size | 5.32 AC |
| Lot Size | 5.32 AC |
5.32 AC truck & trailer terminal in the heart of the Minneapolis market.
Description
Located on 5.32 acres in the heart of Northeast Minneapolis/Quarry with exceptional visibility from I-35W (110,000+ VPD). Less than two miles from downtown and positioned on the edge of the Mid City Industrial neighborhood, offering unmatched infill accessibility rarely available in this corridor. The property is 100% leased to three national and regional trucking and container companies. Two tenants also lease the on-site 1,650 SF office building. Property expenses are passed through to tenants, providing minimal owner responsibilities and stable cash flow. A grandfathered truck and trailer parking use makes this asset highly competitive, especially as city restrictions have pushed most available parking 20+ miles outside Minneapolis. The property offers a mix of paved and Class 5 surfaces, fenced tenant areas, and power for lighting and plug-ins (tenant-paid). The site benefits from direct access to a county-maintained road with no winter restrictions, ensuring year-round functionality. Tenant areas are fully separated for operational efficiency and secure use. Immediate upside exists through rising market rents and the potential to acquire adjacent MnDOT land for additional expansion or functionality. This infill industrial site represents a supply-constrained opportunity with long-term appreciation potential.
Property Taxes
| Parcel Number | 13-029-24-13-0001 | Improvements Assessment | $106,900 |
| Land Assessment | $2,123,100 | Total Assessment | $2,230,000 |
Property Taxes
