New on Craigslist: Half block for sale near downtown Minneapolis

  • Article by: BRIAN AROLA , Star Tribune
  • Updated: April 27, 2013 - 7:18 AM

The ad boasts that the property is a prime development opportunity for $5 million. A real estate expert doubts the ad will draw a buyer, but concedes the property has potential.

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mrarmsApr. 26, 1310:28 PM

Interesting that they listed on Craigslist? Not really. Cost them nothing. Free publicity in the Strib. Or was it paid and masquerading as free?

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sab0900Apr. 26, 1311:36 PM

cant find the listing. Sold already?

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elementxApr. 26, 1311:39 PM

That area is a dump, though. I really don't see anybody trying to build there. I'm surprised that old ethnic coffee shop across the street was turning into something else. I never see people around that area, usually the foot traffic stops at Salsa ala Salsa and doesn't go any further down the street.

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dtmonkeyboyApr. 27, 1312:31 AM

Lol..the area is a dump???...a 37 story $100 million dollar tower will be about a block away and two other developments Each over $25 million are being built nearby. The corner just opposite this is completely being redeveloped into a new restaurant....$5 million today will be worth $10 in no time. If I had the money I would totally buy this.

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djcrazyApr. 27, 13 4:12 AM

Not such a bad idea for him to list it there after all since this story ended up hitting the Strib. Free advertising beats paying a realtor a huge commission. The big problem in that area is parking even more so than the tired aspect or the area and until that is fixed, I don't see the properties selling for any kind of premium.

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swmnguyApr. 27, 13 7:04 AM

I lived two blocks from there for 6 years, 25 years ago or so. The first morning in that neighborhood, I learned at that corner store why Lysol was kept behind the counter.

I loved the convenience of the area. I didn't have a car and it was easy to go anywhere. It was a great place for a young adult to live.

It was a "transition neighborhood," though. It's just across I-94 from what was a pretty rough area around Franklin Ave. A lot of that has cleaned up, now. Nicollet Ave. was a corridor of homeless people and street alcoholics at the time. Loring Park could get a little dicey at times. I was frequently followed by older men in expensive cars while walking to and from the bus stop or local stores.

As Nicollet has improved dramatically to the South, and the Convention Center is so nearby, and downtown attracts more and more affluent residents, that area is a potential gold mine. I think a few more one-of-a-kind shops, some better lighting, and investment in upkeep can provide a good return on investment, while promoting the whole area.

If I had $5 million cash, and a line on another $5 million for improvements, I'd do it in a heartbeat. But oops, I don't.

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fonzi3Apr. 27, 13 8:04 AM

The internet is what sells real estate anyway. Why should MNCAR and Costar have a lock on commercial real estate listings anyway?

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bigbear815Apr. 27, 13 8:29 AM

Sounds like Cassidy Turley is a bit arrogant to me. Word travels fast in Minneapolis on property like such. I wish I owned the property. The owner is going to get paid! Nice timing!

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sammy5542612Apr. 27, 13 8:30 AM

We, the workers of the twin cities, are tired of living in the crowded conditions such as Hennepin and 15th. We long for Lebensraum, or living space. Our leader, Gov. Mark Dayton, and speaker-of-the-house Paul Thissen, are going to tax the rich and make them pay their fair share. This should help open of the few remaining estates in the Lake Minnetonka, North Oaks, and Washington County so we can build more housing for the workers. Dayton and Thissen will lead us to glorious times!

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ronpaulApr. 27, 13 9:11 AM

Good call, djcrazy. Maybe the best idea for the space would be - or at least include - a huge parking ramp? Can't tell if sammy5542612 is joking...

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