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228 S 12th St - 12th Street Redevelopment 1.21 Acres of Commercial Land Offered at $5,500,000 in Minneapolis, MN 55403
Investment Highlights
- Located across 12th Street from the Minneapolis Convention Center with Skyway access available
- Easy access to I-35W and I-94
- Church Building delivered vacant & parking lot income helps offset holding costs
- Walking distance from Loring Park and Walker Art Center
- Ability to go vertical up to 50 stories high & zoning premiums provide opportunity to build even higher
- Near multiple hotels & luxury apartments
Executive Summary
The site offers exceptional connectivity with convenient access to Interstate 35W and Interstate 94, while nearby destinations including Loring Park, the Walker Art Center, and the downtown core enhance its appeal. A unique on-site skyway connection provides direct integration with Minneapolis' extensive pedestrian skyway network, creating additional value for future residential, hospitality, office, or mixed-use concepts.
Property Facts
| Price | $5,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.21 AC |
| Zoning | B4S - The overlay district allows this site to be approved for 50 stories. Premiums and detailed plans about use/ project can increase height even higher | ||
| Price | $5,500,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.21 AC |
| Zoning | B4S - The overlay district allows this site to be approved for 50 stories. Premiums and detailed plans about use/ project can increase height even higher |
1 Lot Available
Lot
| Price | $5,500,000 | Lot Size | 1.21 AC |
| Price Per AC | $4,545,454.55 |
| Price | $5,500,000 |
| Price Per AC | $4,545,454.55 |
| Lot Size | 1.21 AC |
1.21-acre downtown Minneapolis redevelopment site across from the Minneapolis Convention Center. Features skyway connection, existing parking, and zoning that supports development up to 50 stories with potential for additional height incentives.
Description
This 1.21-acre site, priced at $5,500,000, is across from the Minneapolis Convention Center. It features a 2-story vacant building, 80 parking spaces, and zoning allowing up to 50 stories, with potential for even higher development. The property offers easy access to I-35W, I-94, and the skyway system, and is within walking distance of Loring Park and the Walker Art Center.
Property Taxes
| Parcel Number | 27-029-24-14-0064 | Improvements Assessment | $1,000 |
| Land Assessment | $3,665,200 | Total Assessment | $3,666,200 |
Property Taxes
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228 S 12th St - 12th Street Redevelopment
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