3009 Emerson Avenue S, Minneapolis, MN 55408 (MLS# 7083301)

3009 Emerson Avenue S, Minneapolis, MN 55408

$795,000
Property Type: Commercial Bedrooms: 5 Baths: 1 Square Footage: 2,910 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $795,000 List Date: 6/08/2026 Last Modified: 8/27/2026

Overview

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 ...

Listing Details MLS# 7083301

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
2
Owner Occupied
No
Waterfront YN
No
Year Built
1909
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
905
Garage Stalls
Yes
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.14
Lot Dimensions
46 x 128.55
Assessment Pending
No

Property Features

Accessible: None Assumable Loan: Not Assumable CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Fiber Board Foundation: Concrete Block Fuel: Natural Gas Heating: Radiant; Radiator Loan Terms: Cash; Conventional Lock Box Type: None Lot Description: Infill Lot; Public Transit (w/in 6 blks); Underground Utilities On Site Utilities: Electric Common; Electric Separate Parking Characteristics: Carport Potential Use: Other Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Sewer: City Sewer - In Street; City Sewer/Connected Stories: Two Topography: Level Water: City Water - In Street; City Water/Connected

Contract Information

Contingency
None
ListPrice
795000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
3009
Street Name
Emerson
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55408
Complex/Dev/Subdivision
Calhoun Park

Assessments

Tax With Assessments
3486.18

Building Information

Building Finished SqFt
2005
Building SqFt
2910

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
04
Township#
28

Sale Options

Sale Includes
Building, Land

Unit 1

Unit Number
Yes
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
5
Unit Total SqFt
2005
Leased?
Yes
Lease Expiration Date
2026-08-22

Unit Details

Total Units
Yes
IDX
Listing Office: Aire LLC
Last Updated: August - 27 - 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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