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$1,600,000

0 Beds 0 Baths 0 SQFT 1.43 Acres
Type: Commercial

7300 42nd Avenue N
New Hope, MN 55427

MLS#: 7130833
Michael Wirig
Michael Wirig
The Real Estate Advantage
Phone: 763.354.4462
Office: 763.755.1100
Presented by: MRG Realty Partners, LLC

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.

 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelNatural Gas

General

AccessibilityOther
Additional Parcels Y/NNo
CityNew Hope
ContingencyNone
CountyHennepin
Current UseCommercial
DirectionsFrom HWY 100, 42nd Ave westbound to Nevada Ave
Garage Spaces0
HeatingForced Air
High School DistrictRobbinsdale
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total1
Possible UseOther
PostalCityNew Hope
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameCity Center Add
Tax Annual Amount$2,128
Tax Year2026
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1996
Zoning DescriptionBusiness/Commercial

Exterior

Foundation Area7,800 sqft
InclusionsBuilding, Land
Lot Dimensions485 x 130
Lot Size Area1 sqft
Parking FeaturesParking Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$1,600,000

0 Beds 0 Baths 0 SQFT 1.43 Acres
Type: Commercial

7300 42nd Avenue N
New Hope, MN 55427

MLS#: 7130833
Michael Wirig
Michael Wirig
The Real Estate Advantage
Phone: 763.354.4462
Office: 763.755.1100

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