MLS# 6733010 - 2500 Madison Street NE Minneapolis, MN 55418

COM • 6733010

2500 Madison Street NE
Minneapolis, MN 55418

Active

$800,000

Take Central to Lowry Ave and go West

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.

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Mortgage & Tax Calculator [Estimated]

Purchase Price ($):

Down Payment ($):

Down Payment (%):

Est. Best Interest Rate (%):

Term of Loan (Years):

Monthly Payment:

$3,870 + $673^(tax)
Est. Monthly Total: $4,543

*does not include insurance and all numbers are estimated.

Summary

Type: COM | Commercial Sale - Apartment

Price: $800,000

$280/sf

$2,051,282/acre

Transaction: For Sale

Status: Active

Contingencies: None

Agent Owned: Yes

Lender Owned: No

Current Use: Other

Zoning: Residential-Multi-Family

Square Footage: 2,853 sq ft

Lot Size: 0.39 acres

Year Built: 1900

Foundation: 17,020 sq ft

Listed at: Wed Jun 04 2025 5:00:00 AM

Listing Age: 14 days

School District: 1-Minneapolis | 612-668-0000

Neighborhoods: Holland

County: Hennepin

Building Details

In Home Details

Construction Material: Other

Exterior

Siding: Other

Utilites

Water: City Water/Connected

Sewer: None

Heating: None, Other

Property Details

Garage: None

Lot Dimensions: 185 x 92

Agent Owned: Yes

Utilities: None

Others

School Information

District Number: 1-Minneapolis

District Phone: 612-668-0000

Financial Considerations

Tax Property ID: 1102924130099

Tax Amount: $8,070 for 2025

Listing Data

Listed Price: $800,000

First Listed at: Wed Jun 04 2025 5:00:00 AM

Last Updated at: Thu Jun 05 2025 6:02:03 AM

Contingencies: None

Assessments: No

Foreclosure: No

Lender Owned: No

Public Survey

Range: 24

Section: 11

Township: 29

Unit Information

Summary

Rental Units: 2

NAI Legacy is the brokerage office representing the seller for this listing.
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The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Edge of the Wilderness Lakes & Homes Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edge of the Wilderness Lakes & Homes Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jun 18 2025 4:45PM.