3536 Nicollet Avenue, Minneapolis, MN 55408

$2,400,000
List Price
$2,400,000
MLS#
5686550
Status
ACTIVE
Type
Land
Acres
1.05
Subdivision
Park Add
Neighborhood
Lyndale

Property Description

A shovel ready lot on over an acre of land in the heart of South Minneapolis. The property is directly on Nicollet Ave just blocks down from the large redevelopment set to happen on the old Kmart plot. The 2040 Comprehensive Plan allows for mixed use development up to 6 stories with potential to go higher with city approval. The 2040 plan sets this area up for significant redevelopment with the opening of Nicollet Ave into downtown as the main artery and significant public transportation availability here as well. There is also interest from the neighbors to the south to sell if a developer so desires to go bigger.

Additional Information

School District
Minneapolis
Tax Amount
$84,108
Tax Year
2020
Restrictions
None
Lot Description
Public Transit (w/in 6 blks)
Topography
Level

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Edina Realty, Inc..

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