2500 Madison ST NE new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55418
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Leavitts Add
MLS Listing ID 6733010
Year Built 1900
Annual Tax Amount $8,070
Tax Year 2025
Contingent None
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions 185 x 92
Property Sub-Type Apartment
Property Description
Unlock the potential of this exceptional corner lot located in one of Northeast Minneapolis' most rapidly transforming corridors. This 0.39-acre site spans two parcels—2500 Madison St NE and 661 Lowry Ave NE—positioned at the intersection of future-forward city planning and vibrant urban energy.
Designated under the Minneapolis 2040 plan with Corridor 6 zoning guidance, the site is ideal for medium-to-high-density multifamily development. The classification allows for buildings of potentially up to six stories, with ground-floor commercial optional—offering flexibility for both mixed-use and purely residential projects.
Whether you're looking to break ground immediately or land landbank for future appreciation, this site offers a rare opportunity to invest in one of the city's most dynamic neighborhoods. With strong public infrastructure improvements in motion and favorable long-term planning guidance, this property stands out as a prime covered land play with significant upside.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating None
Inclusions Building,Land
Fireplace No
Exterior
Parking Features None
Utilities Available None
Present Use Other
Building
Foundation 17020
Sewer None
Water City Water/Connected
Structure Type Other
Schools
School District Minneapolis