Active

401 Main Street NE

Minneapolis MN, 55413

$899,900


$149.98 per sqft

Active

4 Beds

3 Baths

6,000 sqft

Residential

Built in 1992

This is one of two properties side by side on historic Main Street in Northeast Mpls with unobstructed views of the Mpls downtown skyline over Boom Island Park and Nicollet Island, one of the few remaining land parcels along the Mississippi left undeveloped. Each parcel is approx. 10,900sf and are Interior 3 Built Form Overlay with R1A zoning. Interested parties have a myriad of options for use. Each existing home could be purchased individually, remodeled or torn down, and new construction homes built. The two lots can also be split into three to create three new homes or split into one large lot, and one smaller lot where a large dream home could be on one and a smaller ADU-style home could be on the second. As seen in the renderings, an interested party looking to redevelop the land could construct 2 3000 sq. ft. townhomes per parcel, estimated at $1.5M per home. Finally, the parcels could be combined for a future in-fill apartment completed under the 2040 plan.

6490859

MLS ID

February 18, 2024

Listed

May 9, 2024

Updated

Map

401 Main Street NE
Minneapolis MN, 55413

Interior Features

Bedrooms

4


Total Bathrooms

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.25 Acres


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$6,933


Tax Frequency

Annually


Days on Market

24


Garage

Yes


Garage Spaces

4


Parking

Attached Garage


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No


Buyer Agency Compensation

2.7%

 

Courtesy of DRG

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Shane Spencer shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 8:45 AM UTC, 5/9/2024

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