Minneapolis, MN 55414

$2,308,000

Property Type: Commercial Lot Size (sq. ft.): 55,321 Status: Closed

Current Price: $2,308,000 List Date: 10/06/2025 Last Modified: 8/27/2026

Overview

Description

3410-3430 University Ave SE is a 25,734 SF mixed-use property on a prominent 55,232 SF site in the Prospect Park neighborhood. The main building along University Ave includes a full basement, main level, and a partial second floor, providing flexible layouts for a variety of users. A separate drive-through building connected via underground tunnel is also part of the site, with surface and underground parking connecting the two structures for seamless access and circulation. The property offers excellent visibility, signage potential, and adaptability for owner-users. For investors or developers, the large parcel also presents a unique redevelopment or repositioning opportunity; located in a Qualified Census Tract (QCT), which can provide advantages and funding programs that support affordable housing and community development, and enhanced feasibility for mixed-use projects.

Listing Details MLS# 6799267

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 10118
For Sale or Lease: For Sale
Acres: 1.27
Lot Dimensions: 158 X 381 X 125 X 450
Assessment Pending: No

Property Features

Accessible: Wheelchair Ramp Air Conditioning: Central Air Basement: Full CMU Style: Freestanding; Office; Other; Single Occupancy Construction Status: Previously Owned Current Use: Vacant Exterior: Brick/Stone Financing Terms: Other Foundation: Brick/Mortar Fuel: Natural Gas Heating: Forced Air On Site Utilities: Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Uncovered/Open Potential Use: Office; Other; Professional Road Frontage: City Street Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Off Market Date: 2026-02-17
Closed Date: 2026-08-26
Sales Close Price: 2308000
Contingency: None
ListPrice: 2700000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Prospect Park 1st Div Rev

Assessments

Tax With Assessments: 51429

Building Information

Building Finished SqFt: 25734

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 30
Township#: 29

Sale Options

Sale Includes: Building, Land

Unit Details

Total Units: Yes

Listing Office: Element Inc

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.

, Minneapolis, MN 55414 (MLS# 6799267)