1844 Central Avenue NE, Minneapolis, MN 55418 (MLS# 7046184)

1844 Central Avenue NE, Minneapolis, MN 55418

$3,500,000
Property Type: Commercial Lot Size (sq. ft.): 22,651 Status: Active
Current Price: $3,500,000 List Date: 3/31/2026 Last Modified: 8/24/2026

Overview

Description

Very unique opportunity to redevelop this property into large 100+ unit multi family building. 19 Unit Building. 12 Residential Units (8 - 1 Bedrooms, 4 - 2 bedrooms) - 6 Commercial Units - 1 Large warehouse unit. Located on a main busy road in NE Minneapolis close to downtown. 128 x 174 corner lot on High-Volume Arterial Road. Seller financing can be available.

Listing Details MLS# 7046184

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
26
Owner Occupied
No
Waterfront YN
No
Year Built
1897
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
12166
Garage Stalls
6
For Sale or Lease
For Sale
Acres
0.52
Lot Dimensions
128x175
Assessment Pending
Unknown

Property Features

Accessible: None CMU Style: Apartments and Retail; Apartments/Multi Family; Mixed Use Construction Status: Previously Owned Current Use: Beauty/Barber Shop; Residential; Restaurant; Retail; Warehouse Existing Financing: Free and Clear Exterior: Brick/Stone; Stucco Foundation: Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Contract for Deed; Conventional; Special Funding; Other Lot Description: Corner Lot; Public Transit (w/in 6 blks) On Site Utilities: Electric Separate; Heating Separate Overhead Door Clearance: 10-14 Feet Owner Pays: Taxes Parking Characteristics: Paved Lot Road Frontage: City Street Sewer: City Sewer/Connected Tenant Pays: All Utilities Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
3500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1844
Street Name
Central
Street Suffix
Avenue
Street Direction Suffix
NE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55418
Complex/Dev/Subdivision
Wilsons Rgt Blks East Side Add

Assessments

Tax With Assessments
26204

Building Information

Building Finished SqFt
29434

More Information

Income and Expenses

Annual Gross Income
297000

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
3000

Public Survey Info

Range#
24
Section#
11
Township#
29

Sale Options

Sale Includes
Building, Land, Leases, Rental License

Unit 1

Unit Number
Yes
No. of 1 Bedroom Units
8

Unit 2

No. of 2 Bedroom Units
4

Unit Details

Total Units
19
IDX
Listing Office: RE/MAX Results
Last Updated: August - 24 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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