7300 42nd Avenue N, New Hope, MN 55427 (MLS# 7130833)

7300 42nd Avenue N, New Hope, MN 55427

$1,900,000
Property Type: Commercial Lot Size (sq. ft.): 62,291 Status: Active
Current Price: $1,900,000 List Date: 8/20/2026 Last Modified: 8/20/2026

Overview

Description

A 1.43-acre Community Business site at 42nd Ave N & Nevada Ave N, with creative options: occupy or lease the existing freestanding building, or take the full City Center-guided parcel to redevelopment. Building is currently vacant. Signalized corner presence on 42nd Ave N (Rockford Rd) at Nevada Ave N: 24,039 vehicles per day (MnDOT 2024). Midway between Hwy 169 & Hwy 100, about 1.3 miles to each interchange on New Hope's main east-west corridor. Flexible CB zoning: restaurant, retail, office, medical, personal services, health club, brewpub, cannabis retail & more. Existing building & 50+ stalls give day-one utility: occupy, lease for holding income, or clear the site. Guided Commercial in the 2040 plan inside Planning District 11, the city's designated City Center area. 102,305 people & $104,214 average household income within 3 miles.

Listing Details MLS# 7130833

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
50
Waterfront YN
No
Year Built
1996
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
7800
For Sale or Lease
For Sale
Acres
1.43
Lot Dimensions
485 x 130
Assessment Pending
Unknown

Property Features

Accessible: Other CMU Style: Other Construction Status: Previously Owned Current Use: Commercial Exterior: Brick/Stone Foundation: Slab Fuel: Natural Gas Heating: Forced Air Lock Box Type: Combo On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot Potential Use: Other Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1900000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
7300
Street Name
42nd
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
New Hope
County
Hennepin
State
MN
Zip Code
55427
Complex/Dev/Subdivision
City Center Add

Assessments

Tax With Assessments
2128

Building Information

Building Finished SqFt
6867

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
21
Section#
17
Township#
118

Sale Options

Sale Includes
Building, Land

Unit Details

Total Units
Yes
IDX
Listing Office: MRG Realty Partners, LLC
Last Updated: August - 20 - 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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