$ 795,000
-
$795,000
Price -
5
Bed -
1
Bath -
2,910
SqFt -
0.14
Acre
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About the Listing 252027 - 502046851
CM4 / Corridor 6 development site in South Minneapolis offering ~25,200 SF of by-right residential buildable area on a 5,913 SF lot. Six-story 5-over-1 building concept designed within all confirmed setbacks -- site plan review only, no variances required. Corridor 6 Built Form Overlay supports 4.26 FAR with 2 standard premiums and up to 84 feet height. Below-grade parking does not count toward FAR, enabling basement parking (accessed from rear alley) plus six full residential floors above. Preliminary massing supports 25-26 dwelling units, subject to final design and approvals. CM4 zoning permits four or more residential units by-right. Parking requirements are flexible due to transit corridor designation. Surface parking permitted in setback areas with screening. Existing structure is present and currently occupied but property is being marketed for land value and redevelopment. South side setback variance could unlock additional density to ~28,000 SF / ~28-30 units. Ideal for local and regional developers seeking by-right Corridor 6 density with strong rental fundamentals. Buyer to verify zoning, setbacks, FAR premiums, and development potential.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Radiator,Radiant,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected,City Water - In Street
Exterior Details
- Lot Description: Public Transit (w/in 6 blks),Infill Lot,Underground Utilities
- Garage Capacity: 1 car
- Lot Dimensions: 46 x 128.55
- Zoning: Business/Commercial
- Roof:
- Others:
- Sewer: City Sewer/Connected,City Sewer - In Street
- Parking Features: Carport,Detached Garage
Financial Details
- Tax Amount: $3,486
- Taxes w/Assessments: N/A
- Tax/Property ID: 0402824120010
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
3009 Emerson Ave S Minneapolis, MN 55408
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