425 E Hennepin Ave 24,900 SF Retail Building Minneapolis, MN 55414 $3,900,000 ($156.63/SF)

This is a prime redevelopment site in the Nicollet Island – East Bank neighborhood of Northeast Minneapolis; home to a thriving community known for its arts and history, shopping, restaurants and bars, trails and breathtaking views of the river and Downtown Minneapolis. The neighborhood has experienced regular development of both mid and high-rise multifamily housing with street level retailing. Eight such developments have been completed within a 4-block radius over the past 10 years. The site is zoned for Community Mixed Use (CM3) and the Minneapolis 2040 Comprehensive Plan’s vision for this site, in a Transit 30 district, supports densification with Built Form Guidance of 10 to 30 stories. An additional 0.34 acre parcel (vacant parking lot) across the street is also for sale by seller.