952-206-5466
1501 Johnson St NE, Minneapolis, MN for Sale
Warehouse - FOR SALE
1/15
null | Request Cap Rate

1501 Johnson St NE
Minneapolis, MN 55413
Northeast Park


HIGHLIGHTS

  • 1501 Johnson Street is a 2.26-acre fenced-in site improved by an 8,140 SF warehouse, currently deemed shovel-ready for commercial redevelopment.
  • Approximately 10 minutes from Downtown Minneapolis with direct Interstate 35W frontage, great visibility from 220,000+ vehicles per day (MnDOT).
  • Zoned CM2 Corridor Mixed-Use with approved Industrial Living Overlay; no rezoning required to support adaptive repurposing.
  • Survey, full plan set, storm water plan, and full Phase 1 and Phase 2 Environmental Study, complete with accompanying Geotech report.
  • Property is located directly adjacent to a popular city park, recreational area, and commercial shopping center.
  • Dense 3-mile growing population of 174,640 with an average household income just shy of $100,000 and an annual consumer spending of $2.1B+.

OVERVIEW

Positioned in one of Minneapolis’ most dynamic urban corridors, 1501 Johnson Street presents a rare 2.26-acre redevelopment opportunity with exceptional visibility, accessibility, and long-term upside. The property is currently improved with an 8,140-square-foot warehouse facility and a secure, fenced yard, offering near-term utility while providing developers with a strategic foundation for future transformation. What sets this opportunity apart is its redevelopment readiness and flexible zoning framework. Zoned CM2 (Corridor Mixed-Use) with an approved Industrial Living Overlay. The site supports a variety of adaptive-reuse and mixed-use concepts without the need for rezoning, thereby streamlining the development process. Extensive due diligence has already been completed, including survey work, full development plans, stormwater engineering, Phase I and II environmental studies, and a geotechnical report, allowing developers to accelerate timelines and focus on execution rather than entitlement risk. The property is strategically positioned to capitalize on strong consumer demand and continued urban growth. Adjacent to a popular city park and recreation area, across from the Jim Lupient Water Park, and near major retail anchors at The Quarry Shopping Center, the site benefits from a highly desirable location within Northeast Minneapolis. This offering represents a compelling opportunity to create a transformative development with significant value creation potential. Developers seeking a well-positioned, shovel-ready redevelopment site with flexible zoning, completed due diligence, and strong demographic fundamentals are encouraged to inquire today to explore the full potential of this premier Northeast Minneapolis opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

2.26

LAND SF

98,446

ZONING

CM2

APN/PARCEL ID

13-029-24-12-0007

ASK ABOUT THIS PROPERTY

952-206-5466

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952-206-5466

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