Matthew Rich

$565,000

0.35 Acres

Minneapolis, Minnesota, 55418

Note: Do not disturb house on north parcel. Rare development opportunity in the heart of Northeast's thriving Arts District. This offering combinestwo parcels, 917 NE 18th Ave and 1807 Jackson St NE, totaling 15,308 square feet on a corner site, in oneof Minneapolis's most active neighborhoods with strong rental demand and quick access to downtown and the riverfront. The 1807 Jackson St NE parcel includes an existing 2 bedroom, 1 bathroom single-family home with the potential to expand, while 917 NE 18th Ave is a vacant lot, giving a buyer flexibility to hold and improve the existing residence in the near term while planning a larger redevelopment of the fullcorner.The combined site is zoned CM2 Commercial Mixed-Use with the Transit 10 built form overlay, one of themost flexible and highest-capacity designations in the city. Transit 10 allows building heights from twoto ten stories, up to 140 feet, with a base floor area ratio of 5.4. CM2 permits a broad slate of uses byright under the Minneapolis use table, including multiple-family dwellings of four or more units,restaurants, general retail, office, lodging, art studios, and breweries or distilleries, supportingstraightforward residential, commercial, or mixed-use redevelopment.Both parcels also fall within a Great Streets Eligible boundary with the City of Minneapolis, openingaccess to City development and business support programs. Whether you are looking to build now or land bank a prime Arts District corner with future upside, this is a hard-to-replicate position in aneighborhood with limited remaining infill sites.