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1501 Johnson St NE 8,140 SF Industrial Building Minneapolis, MN 55413 For Sale
Investment Highlights
- 1501 Johnson Street is a 2.26-acre fenced-in site improved by an 8,140 SF warehouse, currently deemed shovel-ready for commercial redevelopment.
- Zoned CM2 Corridor Mixed-Use with approved Industrial Living Overlay; no rezoning required to support adaptive repurposing.
- Property is located directly adjacent to a popular city park, recreational area, and commercial shopping center.
- Approximately 10 minutes from Downtown Minneapolis with direct Interstate 35W frontage, great visibility from 220,000+ vehicles per day (MnDOT).
- Survey, full plan set, storm water plan, and full Phase 1 and Phase 2 Environmental Study, complete with accompanying Geotech report.
- Dense 3-mile growing population of 174,640 with an average household income just shy of $100,000 and an annual consumer spending of $2.1B+.
Executive Summary
Positioned in one of Minneapolis’ most dynamic urban corridors, 1501 Johnson Street presents a rare 2.26-acre redevelopment opportunity with exceptional visibility, accessibility, and long-term upside.
The property is currently improved with an 8,140-square-foot warehouse facility and a secure, fenced yard, offering near-term utility while providing developers with a strategic foundation for future transformation.
What sets this opportunity apart is its redevelopment readiness and flexible zoning framework. Zoned CM2 (Corridor Mixed-Use) with an approved Industrial Living Overlay. The site supports a variety of adaptive-reuse and mixed-use concepts without the need for rezoning, thereby streamlining the development process.
Extensive due diligence has already been completed, including survey work, full development plans, stormwater engineering, Phase I and II environmental studies, and a geotechnical report, allowing developers to accelerate timelines and focus on execution rather than entitlement risk.
The property is strategically positioned to capitalize on strong consumer demand and continued urban growth. Adjacent to a popular city park and recreation area, across from the Jim Lupient Water Park, and near major retail anchors at The Quarry Shopping Center, the site benefits from a highly desirable location within Northeast Minneapolis. This offering represents a compelling opportunity to create a transformative development with significant value creation potential.
Developers seeking a well-positioned, shovel-ready redevelopment site with flexible zoning, completed due diligence, and strong demographic fundamentals are encouraged to inquire today to explore the full potential of this premier Northeast Minneapolis opportunity.
The property is currently improved with an 8,140-square-foot warehouse facility and a secure, fenced yard, offering near-term utility while providing developers with a strategic foundation for future transformation.
What sets this opportunity apart is its redevelopment readiness and flexible zoning framework. Zoned CM2 (Corridor Mixed-Use) with an approved Industrial Living Overlay. The site supports a variety of adaptive-reuse and mixed-use concepts without the need for rezoning, thereby streamlining the development process.
Extensive due diligence has already been completed, including survey work, full development plans, stormwater engineering, Phase I and II environmental studies, and a geotechnical report, allowing developers to accelerate timelines and focus on execution rather than entitlement risk.
The property is strategically positioned to capitalize on strong consumer demand and continued urban growth. Adjacent to a popular city park and recreation area, across from the Jim Lupient Water Park, and near major retail anchors at The Quarry Shopping Center, the site benefits from a highly desirable location within Northeast Minneapolis. This offering represents a compelling opportunity to create a transformative development with significant value creation potential.
Developers seeking a well-positioned, shovel-ready redevelopment site with flexible zoning, completed due diligence, and strong demographic fundamentals are encouraged to inquire today to explore the full potential of this premier Northeast Minneapolis opportunity.
Property Facts
| Sale Type | Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2007 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 2.63/1,000 SF |
| Lot Size | 2.26 AC | Clear Ceiling Height | 16’ |
| Rentable Building Area | 8,140 SF | ||
| Zoning | CM2 - Corridor Mixed-Use | ||
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.26 AC |
| Rentable Building Area | 8,140 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Tenancy | Single |
| Parking Ratio | 2.63/1,000 SF |
| Clear Ceiling Height | 16’ |
| Zoning | CM2 - Corridor Mixed-Use |
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Monument Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Minneapolis
425,403
6
0 h 10 m
Saint Paul
307,695
12
0 h 18 m
Milwaukee
592,025
337
6 h 13 m
Omaha
468,262
389
7 h 9 m
Chicago
2,705,994
410
7 h 32 m
Kansas City
491,918
439
8 h 3 m
Access and Labor Force
10 Miles
Total Population
1,299,764
Total Labor Force
729,988
Unemployment Rate
3.37%
Median Household Income
$83,486
Warehouse Employees
112,124
High School Education Or Higher
92.30%
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Domino’s | - | - | 8 min walk |
| Marino's Deli | Deli | $ | 10 min walk |
| Pizza Hut | - | - | 11 min walk |
| Jimmy John's | - | - | 13 min walk |
| Caribou Coffee | - | - | 12 min walk |
| Erbert & Gerbert's Subs & Clubs | - | - | 12 min walk |
| CRAVE Cafe & Deli | Cafe | $$ | 15 min walk |
| McDonald's | - | - | 15 min walk |
| Taco Bell | - | - | 15 min walk |
| Burger King | - | - | 16 min walk |
Retail |
||
|---|---|---|
| E Z Stop | Supermarket | 5 min walk |
| Famous Footwear | Shoes | 7 min walk |
| The Home Depot | Home Improvement | 7 min walk |
| Cub Foods | Supermarket | 7 min walk |
| Golden Nails | Salon/Barber/Spa | 7 min walk |
| PNC Bank | Bank | 7 min walk |
| Five Below | Dollar/Variety/Thrift | 8 min walk |
| PetSmart | Pet Shop/Supplies | 8 min walk |
| Speedway | Convenience Market | 8 min walk |
| Office Depot | Office Supply | 8 min walk |
Hotels |
|
|---|---|
| MOXY |
141 rooms
6 min drive
|
| Canopy by Hilton |
183 rooms
7 min drive
|
| Holiday Inn Express |
120 rooms
7 min drive
|
| Autograph Collection |
229 rooms
8 min drive
|
| Curio Collection by Hilton |
281 rooms
9 min drive
|
| Fairfield Inn |
79 rooms
9 min drive
|
| MOXY |
125 rooms
11 min drive
|
| Quality Inn |
62 rooms
14 min drive
|
| DoubleTree by Hilton |
297 rooms
14 min drive
|
| Ramada |
127 rooms
15 min drive
|
Property Taxes
| Parcel Number | 13-029-24-12-0007 | Improvements Assessment | $525,900 |
| Land Assessment | $839,100 | Total Assessment | $1,365,000 |
Property Taxes
Parcel Number
13-029-24-12-0007
Land Assessment
$839,100
Improvements Assessment
$525,900
Total Assessment
$1,365,000
Sale Advisor
Sale Advisor
Andrew LaGoo, Owner
Andrew has extensive knowledge serving the Greater Minneapolis-St. Paul Area.
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1501 Johnson St NE