Property Description Exceptional Investment Opportunity in the Heart of the Northeast Arts District
Seize the opportunity to invest in a prime location in one of the most vibrant and rapidly developing areasâ the Northeast Arts District. Strategically positioned at the highly trafficked corner of Lowry Ave NE and Second Street NE, this property offers unparalleled visibility and access, making it a standout asset for any investor or developer.
This two-story, 5,354 square-foot building sits on a 0.18-acre lot and is an ideal candidate for either restoration or ground-up redevelopment. The site is well-suited for a variety of uses, including retail, restaurant, or mixed-use development, and offers substantial upside potential in a thriving community that encourages innovation and growth.
The property benefits from CM-2 zoning, which permits small, moderate, and large-scale commercial uses, providing the flexibility to cater to diverse business needs. Moreover, the zoning encourages mixed-use, multistory development, opening doors for creative and impactful projects that align with the dynamic nature of the area.
With the Northeast Arts District continuing to grow in both cultural and economic significance, this is an investment opportunity with tremendous future potential. Whether you are looking to restore a landmark property or embark on a new development, this site offers a canvas for success. This Commercial opportunity is Co-Listed w/ Sabine Shea with Assembly Realty
Details
Maps
Documents
Contract Information
Status: Pending
Off Market Date: 2026-04-02
Current Price: 774900
Contingency: None
ListPrice: 774900
List Date: 2025-11-15
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 4
Waterfront Present: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2640
Garage Stalls: 3
For Sale or Lease: For Sale
Lot Dimensions: 44x158
Assessment Pending: No
Location Tax and Other Information
House Number: 200
Street Name: Lowry
Street Suffix: Avenue
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55418
Complex/Dev/Subdivision: NE Minneapolis Arts District
Assessments
Tax With Assessments: 7437
Building Information
Building Finished SqFt: 3950
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building
Unit Details
Total Units: 2
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Hardwood Floors
Appliances: Range; Refrigerator
Basement: Full; Unfinished
CMU Style: Apartments and Retail
Construction Status: Previously Owned
Current Use: Business Service; Other
Exterior: Brick/Stone
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air; Hot Water
Lot Description: Corner Lot; Public Transit (w/in 6 blks)
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Roof: Age 8 Years or Less; Flat; Pitched; Rubber; Tar/Gravel