7300 42nd Avenue N, New Hope, MN 55427 (MLS# 7130833)
$1,600,000
New Hope, MN 55427
MLS# 7130833
1 / 14
Property Description
A 1.43-acre Community Business site at 42nd Ave N & Nevada Ave N, with creative options: occupy or lease the existing freestanding building, or take the full City Center-guided parcel to redevelopment. Building is currently vacant. Signalized corner presence on 42nd Ave N (Rockford Rd) at Nevada Ave N: 24,039 vehicles per day (MnDOT 2024). Midway between Hwy 169 & Hwy 100, about 1.3 miles to each interchange on New Hope's main east-west corridor. Flexible CB zoning: restaurant, retail, office, medical, personal services, health club, brewpub, cannabis retail & more. Existing building & 50+ stalls give day-one utility: occupy, lease for holding income, or clear the site. Guided Commercial in the 2040 plan inside Planning District 11, the city's designated City Center area. 102,305 people & $104,214 average household income within 3 miles.
Details
Maps
Contract Information
Status: Active
Current Price: 1600000
Contingency: None
ListPrice: 1600000
List Date: 2026-08-20
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 50
Waterfront YN: No
Year Built: 1996
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 7800
For Sale or Lease: For Sale
Acres: 1.43
Lot Dimensions: 485 x 130
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 7300
Street Name: 42nd
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: New Hope
County: Hennepin
State: MN
Zip Code: 55427
Complex/Dev/Subdivision: City Center Add
Assessments
Tax With Assessments: 2128
Building Information
Building Finished SqFt: 6867
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 21
Section#: 17
Township#: 118
Sale Options
Sale Includes: Building, Land
Unit Details
Total Units: 1
Property Features
Accessible: Other
CMU Style: Other
Construction Status: Previously Owned
Current Use: Commercial
Exterior: Brick/Stone
Foundation: Slab
Fuel: Natural Gas
Heating: Forced Air
Lock Box Type: Combo
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot
Potential Use: Other
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: MRG Realty Partners, LLC
Last Updated: October - 14 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Thursday 15th of October 2026 04:39 PM
218-998-4400
Mohagen Real Estate
Let's Connect
Mohagen Real Estate
sue@MohagenRealEstate.com
Office: 218-998-4400
Cell: 218-731-7376
Mohagen Real Estate is licensed in the State of Minnesota