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$ 549,000
Est. payment /mo
New
5020 Xerxes AVE S Minneapolis, MN 55410
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Steeles Lake Harriet Park Add
MLS Listing ID 7056708
Annual Tax Amount $7,430
Tax Year 2026
Contingent None
Lot Dimensions 42x128
Property Description
Rare Southwest Minneapolis development opportunity at 5020 Xerxes Ave S. This 42' x 128' paved commercial lot (approx. 5,376 SF) offers exceptional potential in one of Minneapolis' most desirable urban neighborhoods. Currently utilized as a parking lot, the site presents a clean, redevelopment-ready footprint with no structural demolition required, creating immediate appeal for developers seeking a faster path to entitlement and construction.
Positioned just steps from West 50th Street transit connections, the property enjoys excellent accessibility via Metro Transit Routes 36 and 46, with direct service north to Uptown and south to Southdale and surrounding employment centers.
The lot is ideally suited for its highest and best use as boutique mixed-use, live/work, small multifamily, or premium residential infill, subject to zoning verification with the City of Minneapolis zoning maps. The surrounding corridor supports a vibrant blend of neighborhood retail, office, and residential uses, making this a compelling opportunity for a 2–3 story mixed-use concept with street presence and upper-level residential units.
Located in a highly walkable Southwest Minneapolis node near neighborhood services, retail, dining, and established residential demand, this is an ideal acquisition for a local infill developer, boutique builder, or owner-user investor seeking a strategic foothold in a supply-constrained market.
Positioned just steps from West 50th Street transit connections, the property enjoys excellent accessibility via Metro Transit Routes 36 and 46, with direct service north to Uptown and south to Southdale and surrounding employment centers.
The lot is ideally suited for its highest and best use as boutique mixed-use, live/work, small multifamily, or premium residential infill, subject to zoning verification with the City of Minneapolis zoning maps. The surrounding corridor supports a vibrant blend of neighborhood retail, office, and residential uses, making this a compelling opportunity for a 2–3 story mixed-use concept with street presence and upper-level residential units.
Located in a highly walkable Southwest Minneapolis node near neighborhood services, retail, dining, and established residential demand, this is an ideal acquisition for a local infill developer, boutique builder, or owner-user investor seeking a strategic foothold in a supply-constrained market.
Location
State MN
County Hennepin
Zoning Other
Interior
Inclusions Other
Fireplace No
Exterior
Utilities Available None Connected, Other Available
Building
Lot Description Public Transit (w/in 6 blks)
Schools
School District Minneapolis
Others
Restrictions Open
Listed by Christian Lindgren • Keller Williams Realty Integrity Lakes