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6121 Penn Ave S 0.29 Acres of Commercial Land Offered at $600,000 in Minneapolis, MN 55419
Investment Highlights
- Located along Penn Avenue S
- Surrounded by established residential and commercial uses
- Close proximity to retail, services, and neighborhood amenities
- Urban infill parcel in south Minneapolis
Executive Summary
The ±0.29-acre land parcel at 6121 Penn Avenue South is being offered for sale with an asking price of $600,000.00. The property presents an opportunity for redevelopment or long-term investment in a well-established south Minneapolis location, subject to city approvals.
Property Facts Under Contract
| Price | $600,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.29 AC |
| Zoning | CM2 - BF4, Commercial Mixed Use | ||
| Price | $600,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.29 AC |
| Zoning | CM2 - BF4, Commercial Mixed Use |
1 Lot Available
Lot
| Price | $600,000 | Lot Size | 0.29 AC |
| Price Per AC | $2,095,315.92 |
| Price | $600,000 |
| Price Per AC | $2,095,315.92 |
| Lot Size | 0.29 AC |
Rectangular ±0.29-acre urban infill lot located along Penn Avenue South. The site offers frontage on a major neighborhood corridor with surrounding residential and commercial development and access to nearby utilities and amenities.
Description
The subject property consists of approximately 0.29 acres of land located at 6121 Penn Avenue South in south Minneapolis. The site is positioned along a well-traveled corridor with established surrounding development and access to nearby neighborhood amenities.
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 21-028-24-33-0002 | Improvements Assessment | $149,000 |
| Land Assessment | $181,000 | Total Assessment | $330,000 |
Property Taxes
Parcel Number
21-028-24-33-0002
Land Assessment
$181,000
Improvements Assessment
$149,000
Total Assessment
$330,000
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6121 Penn Ave S
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