908 Centennial PlMinneapolis, MN 55404

For Sale
$2,200,000 View listing
  • Commercial land
  • 0.40 AC

Property Details for 908 Centennial Pl

Year built
1930
Lot size
0.40 AC
Zone code
B4N
Property type
Commercial land
APN
26-029-24-23-0040
APU
2602924230040

Description

This exceptional commercial land offering consists of two parcels totaling 0.6 acres, strategically located in Minneapolis, Minnesota, at 900 and 908 Centennial Place, zip code 55404. The property is zoned DT1, presenting significant development potential. Parcel 900 Centennial Pl (Lot K) encompasses 0.4 acres, while the adjacent parcel at 908 Centennial Pl (Lot K) comprises 0.2 acres. These lots are being sold together as a single unit for a combined asking price of $2,200,000. It's important to note that this listing is contingent upon the simultaneous purchase of a separate property located at 800 10th St South, Minneapolis, listed separately at $1,550,000. The combined purchase price for both properties is $3,750,000. This combined offering presents a unique opportunity for large-scale development in a vibrant downtown Minneapolis location. The Hennepin County address provides easy access to major transportation routes and amenities. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,666,767
    Hospitality
    $3,358,739
    Educational
    $2,794,431
    Medical
    $2,890,536
    Retail
    $4,346,893
908 Centennial Pl, Minneapolis, Minnesota

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9702
Longitude
-93.2637
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$413
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