Property Description 3410-3430 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.
Details
Contract Information
Status: Closed
Off Market Date: 2026-02-17
Current Price: 2308000
Closed Date: 2026-08-26
Sales Close Price: 2308000
Contingency: None
ListPrice: 2700000
List Date: 2025-10-06
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 10118
For Sale or Lease: For Sale
Acres: 1.27
Lot Dimensions: 158 X 381 X 125 X 450
Assessment Pending: No
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Prospect Park 1st Div Rev
Assessments
Tax With Assessments: 51429
Building Information
Building Finished SqFt: 25734
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 30
Township#: 29
Sale Options
Sale Includes: Building, Land
Unit Details
Total Units: 1
Property Features
Accessible: Wheelchair Ramp
Air Conditioning: Central Air
Basement: Full
CMU Style: Freestanding; Office; Other; Single Occupancy
Construction Status: Previously Owned
Current Use: Vacant
Exterior: Brick/Stone
Financing Terms: Other
Foundation: Brick/Mortar
Fuel: Natural Gas
Heating: Forced Air
On Site Utilities: Heating Common; Hot Water Common