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318-328 3rd St S - Pressbox Land Assemblage 0.48 Acres of Commercial Land Offered at $3,500,000 in Minneapolis, MN 55401
Investment Highlights
- Skyway connection opportunity
- B4 Zoning District allows the highest density office development within the downtown area
- Zoning code allows: entertainment, residential and public uses which complete the mixed use character of the area
Executive Summary
This prime property portfolio, comprising four addresses on 3rd St. S, totals 0.48 acres with diverse building areas and lot sizes. Zoned B4-1, it supports high-density office, entertainment, residential, and public uses, enhancing its potential for mixed-use development. With Skyway connection opportunities and proximity to major landmarks like U.S. Bank Stadium and the Metro Light Rail Transit Line, this site offers unparalleled access and visibility in the heart of downtown. Ideal for investors and developers looking to capitalize on a vibrant urban location.
Property Facts
| Price | $3,500,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.48 AC |
| Property Type | Land | ||
| Zoning | B4-1 - Downtown Business District | ||
| Price | $3,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.48 AC |
| Zoning | B4-1 - Downtown Business District |
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 0.48 AC |
| Price Per AC | $7,291,666.67 |
| Price | $3,500,000 |
| Price Per AC | $7,291,666.67 |
| Lot Size | 0.48 AC |
Lot includes addresses 318 3rd St. S, 320 3rd St. S, 322 3rd St. S, 328 3rd St. S in Minneapolis, MN.
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Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $219,500 | |
| Land Assessment | $2,546,500 | Total Assessment | $2,766,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,546,500
Improvements Assessment
$219,500
Total Assessment
$2,766,000
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318-328 3rd St S - Pressbox Land Assemblage
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