3410-3430 SE University Ave - Storefront Retail/Office FOR SALE


Minneapolis, MN 55414- Prospect Park
$3,000,000 USD
612-436-8203
3410-3430 SE University Ave, Minneapolis, MN for Sale
$3,000,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | Request Cap Rate

3410-3430 SE University Ave
Minneapolis, MN 55414
Prospect Park


HIGHLIGHTS

  • Large, developable site in QCT that includes active drive through.
  • Prime University Avenue visibility with excellent signage opportunities.
  • Walking distance to University of Minnesota & transit connections, directly across from Westgate Station.
  • Surface parking lot and flexible site layout for multiple uses or redevelopment.
  • Ideal for education, nonprofit, healthcare, creative office, affordable housing, or repositioning opportunities.

OVERVIEW

Highly visible 1.27 acre transit-adjacent mixed-use site for sale, offering developers enhanced access to tax credits, funding programs, and financing tools that strengthen project feasibility. 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. 3430 University Ave SE sits along a high-traffic commercial corridor in Prospect Park, offering prime visibility, walkability, and transit access. Adjacent to the Green Line’s Westgate Station and near multiple bus routes, the site ensures seamless connectivity to both Minneapolis and St. Paul. Its proximity to the University of Minnesota makes it especially attractive for education, nonprofit, healthcare, or research users, while ongoing residential and institutional growth supports long-term demand and future redevelopment potential.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,349 SF

ZONING

C3A

APN/PARCEL ID

30-029-23-41-0115

ASK ABOUT THIS PROPERTY

Ian McRobertsElement Commercial Real EstateMore Info
612-436-8203

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Ian McRobertsElement Commercial Real EstateMore Info
612-436-8203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.