401 Main NE Street, Minneapolis, MN 55413

  • $899,900
401 Main NE Street, Minneapolis, MN 55413
Active

401 Main NE Street, Minneapolis, MN 55413

401 Main NE Street, Minneapolis, MN 55413
  • $899,900

Overview

  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 4
  • Garages
  • 6000
  • Sqft
  • 1992
  • Year Built

Description

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.

Details

Updated on April 8, 2024 at 7:54 pm
  • Property ID: 1376334
  • Price: $899,900
  • Property Size: 6000 Sqft
  • Bedrooms: 4
  • Bathrooms: 3
  • Garages: 4
  • Year Built: 1992
  • MLS#: NST6490859
  • Office Name: DRG
  • MLS Status: Active

Additional details

  • Category: Residential
  • Sewer: City Sewer/Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Tax Annual: 6933
  • Tax Year: 2023
  • Parking: Attached Garage
  • Water Source: City Water/Connected

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Brian Zimpel
  • Brian Zimpel