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Barry Leaon

barry@barryleaon.com +1(612) 834-2696

$795,000

Est. payment - /mo

5 Beds

1 Bath

6,098 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Calhoun Park

MLS Listing ID 7083301

Bedrooms 5

Year Built 1909

Annual Tax Amount $3,486

Tax Year 2025

Contingent None

Lot Size 6,098 Sqft

Lot Dimensions 46 x 128.55

Property Description

CM4 / Corridor 6 development site in South Minneapolis offering ~25,200 SF of by-right residential buildable area on a 5,913 SF lot. Six-story 5-over-1 building concept designed within all confirmed setbacks -- site plan review only, no variances required. Corridor 6 Built Form Overlay supports 4.26 FAR with 2 standard premiums and up to 84 feet height. Below-grade parking does not count toward FAR, enabling basement parking (accessed from rear alley) plus six full residential floors above. Preliminary massing supports 25-26 dwelling units, subject to final design and approvals. CM4 zoning permits four or more residential units by-right. Parking requirements are flexible due to transit corridor designation. Surface parking permitted in setback areas with screening. Existing structure is present and currently occupied but property is being marketed for land value and redevelopment. South side setback variance could unlock additional density to ~28,000 SF / ~28-30 units. Ideal for local and regional developers seeking by-right Corridor 6 density with strong rental fundamentals. Buyer to verify zoning, setbacks, FAR premiums, and development potential.

Location

State MN

County Hennepin

Zoning Business/Commercial

Interior

Heating Radiator, Radiant

Inclusions Building, Land

Fireplace No

Exterior

Parking Features Carport, Detached Garage

Garage Spaces 1.0

Utilities Available Electric Common, Electric Separate

Present Use Residential

Building

Lot Description Public Transit (w/in 6 blks), Infill Lot, Underground Utilities

Story Two

Foundation 905

Sewer City Sewer/Connected, City Sewer - In Street

Water City Water/Connected, City Water - In Street

Level or Stories Two

New Construction false

Schools

School District Minneapolis

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Listed by Steven Taylor • Aire LLC

Nearby School & Business

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Barry Leaon

+1(612) 834-2696

Agent | License ID: 20586306

Agent License ID: 20586306

3009 Emerson AVE S Minneapolis, MN 55408

Barry Leaon

Key Details

Location

Interior

Exterior

Building

Schools

Nearby School & Business

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