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4209-4225 E 50th St - Multifamily Development Opportunity 0.56 Acres of Commercial Land Offered at $2,250,000 in Minneapolis, MN 55417
Investment Highlights
- The 50th Street Development is strategically located near key attractions such as the VA Medical Center and the stunning Minnehaha Regional Park.
- Convenient access to transit options, including the Blue Line LRT, connects residents to Downtown Minneapolis and MSP Airport.
- This proximity enhances its appeal for potential residents looking for convenience, recreation, and quality of life.
- This proximity supports a transit-oriented development strategy, making the 50th Street site an ideal choice for investors.
Executive Summary
Rare infill development opportunity located at 4209-4225 E 50th St., Minneapolis, MN 55417. Currently two adjacent lots zoned CM2 in Corridor 4 Overlay allowing up to 4 stories (higher density possible with site plan review). Minneapolis 2040 Plan designates the CM2 Corridor 4 Mixed-Use District to allow small, moderate, and large-scale commercial uses.
The 50th Street Development is strategically located a short walking distance to the 50th Street/Minnehaha Park Blue Line LRT Station, providing exceptional access to public transit. This prime location enhances the site’s appeal, attracting residents who prioritize convenience and connectivity.
The 50th Street Development is strategically located a short walking distance to the 50th Street/Minnehaha Park Blue Line LRT Station, providing exceptional access to public transit. This prime location enhances the site’s appeal, attracting residents who prioritize convenience and connectivity.
Property Facts
1 Lot Available
Lot
| Price | $2,250,000 | Lot Size | 0.56 AC |
| Price Per AC | $4,016,845.76 |
| Price | $2,250,000 |
| Price Per AC | $4,016,845.76 |
| Lot Size | 0.56 AC |
The 50th Street Development spans 0.558 acres, comprising two adjacent parcels. Zoned CM2 with a Corridor 4 Built Form Overlay, this site allows for up to 4 stories and a Floor Area Ratio (FAR) of 2.4,supporting diverse development opportunities.
Fairly walkable
50/100
Very drivable
80/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $788,000 | |
| Land Assessment | $328,000 | Total Assessment | $1,116,000 |
Property Taxes
Parcel Numbers
Land Assessment
$328,000
Improvements Assessment
$788,000
Total Assessment
$1,116,000
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4209-4225 E 50th St - Multifamily Development Opportunity
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