a Berkshire Hathaway affiliate

$2,250,000

3536 Nicollet Avenue, Minneapolis, MN 55408


3536 Nicollet Avenue Minneapolis, MN 55408

For Sale MLS# 5686550

1.05 Acres Lot/Land

Data current as of {{getLocalTime('2021-02-24T20:20:35Z')}}

Details

MLS# 5686550

Description for 3536 Nicollet Avenue, Minneapolis, MN, 55408


A shovel ready lot on over an acre of land in the heart of South Minneapolis. The property is directly on Nicollet Ave just blocks down from the large redevelopment set to happen on the old Kmart plot. The 2040 Comprehensive Plan allows for mixed use development up to 6 stories with potential to go higher with city approval. The 2040 plan sets this area up for significant redevelopment with the opening of Nicollet Ave into downtown as the main artery and significant public transportation availability here as well. There is also interest from the neighbors to the south to sell if a developer so desires to go bigger.

Listing Information


Property Type: Lot/Land

Status: Active

Lot Size: 1.05 Acres

Square Feet:

Foundation:

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Park Add

Builder:

Foundation:

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Hennepin

Days On Market: 97

HERS Score:

Construction Status:

School Information


District: 1 - Minneapolis

Elementary:

Middle:

High:

Utilities


Available Utilities: Electric,Natural Gas,City Water,City Sewer,Telephone,Cable T.V.,Broadband

Other Utilities: Electric,Natural Gas,City Water,City Sewer,Telephone,Cable T.V.,Broadband

Heating:

Exterior / Lot Features


Parking Description:

Lot View:

Lot Dimensions: 240x190x240x190

Farm Type:

Crop Type:

Zoning: Residential-Multi-Family,Business/Commercial

Topography: Level

Additional Exterior/Lot Features: City Bus (w/in 6 blks), Finished Lot, Land Inclusions - None, Road Frontage - City

Soil Type:

Tillable Acres:

Driving Directions


Nicollet Ave to 3536 Nicollet

Financial Considerations


Other Deposit Fees:

Assessments: $6,747

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 0302824310170

Tax Amount: $84,108

Tax Year: 2020

HomeStead Description: Non-Homesteaded

Price Changes


$2,400,000 Original Price
$2,250,000 Current Price
-$150,000 Total Change
Date Price Change
2/1/2021 01:24 PM $2,250,000 -$150,000
11/18/2020 10:02 AM $2,400,000

Sales History

Date Price Change
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Tax Summary

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Estimated Market Value Taxable Market Value Total Tax
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Schools nearby 3536 Nicollet Avenue

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings