Rare development opportunity in the heart of Northeast's thriving Arts District. This offering combines
two parcels, 917 NE 18th Ave and 1807 Jackson St NE, totaling 15,308 square feet on a corner site, in one
of Minneapolis's most active neighborhoods with strong rental demand and quick access to downtown and the riverfront. The 1807 Jackson St NE parcel includes an existing 2 bedroom, 1 bathroom single-family home with the potential to expand, while 917 NE 18th Ave is a vacant lot, giving a buyer flexibility to hold and improve the existing residence in the near term while planning a larger redevelopment of the full
corner.
The combined site is zoned CM2 Commercial Mixed-Use with the Transit 10 built form overlay, one of the
most flexible and highest-capacity designations in the city. Transit 10 allows building heights from two
to ten stories, up to 140 feet, with a base floor area ratio of 5.4. CM2 permits a broad slate of uses by
right under the Minneapolis use table, including multiple-family dwellings of four or more units, restaurants, general retail, office, lodging, art studios, and breweries or distilleries, supporting straightforward residential, commercial, or mixed-use redevelopment.
Both parcels also fall within a Great Streets Eligible boundary with the City of Minneapolis, opening access to City development and business support programs. Whether you are looking to build now or land bank a prime Arts District corner with future upside, this is a hard-to-replicate position in a neighborhood with limited remaining infill sites.