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