228 12Th StMinneapolis, MN 55403

Property Details for 228 12Th St

Lot size

1.21 AC

Property type

Retail properties

Property subtype

Land

Description

This exceptional 1.21-acre commercial property at 228 12th St. S in Minneapolis, MN (zip code 55403), offers a unique redevelopment opportunity. Currently vacant, the site is zoned B4S-2 District and boasts significant potential. The property includes a substantial parking lot with 80 spaces, generating income to offset holding costs. Its strategic location directly across 12th Street from the Minneapolis Convention Center provides unparalleled visibility and accessibility. The site benefits from convenient skyway access, placing it within easy walking distance of Loring Park and the Walker Art Center. Major transportation arteries, I-35W and I-94, are also readily accessible. The zoning allows for vertical development up to 50 stories, with potential for even greater height due to zoning premiums. The existing structure is a vacant church building, presenting a blank canvas for creative vision. The surrounding area is vibrant, featuring numerous hotels and luxury apartments, ensuring a strong potential customer base for any new development. The asking price for this remarkable property is $5,150,000. This is a rare chance to acquire a prime piece of Minneapolis real estate with exceptional upside potential.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

44.9707

Longitude

-93.2723

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