Redevelopment Opportunity Near Downtown 2545 Portland Ave 6 968 m² Soins de santé Vente aux enchères en ligne Minneapolis, MN 55404

The former Ebenezer Care Center, located at 2545 Portland Avenue in Minneapolis, presents a prime opportunity for investors and developers. Spanning approximately 75,000 square feet across three stories, the property features 110 beds on a 1.63-acre site with generous floor plates. Originally built in 1919 and well maintained over the years, the facility includes valuable on-site features such as 20 surface parking stalls, a full kitchen, and multiple common areas. Zoned R6, this High-Density Residential District supports a wide range of residential and institutional uses. Permitted uses include multi-family housing, such as apartments and condominiums, along with institutional uses, like care facilities and community services. The R6 zoning designation is ideal for higher-density developments, offering strong potential for adaptive reuse or redevelopment. Buyers and developers are presented with excellent optionality moving forward at this property. They can continue to use the property as an assisted living facility or alternatively transform the space within the zoning regulations.

Located in the Midtown neighborhood of Minneapolis, this property has access to it all. This trendy neighborhood is home to Children's Minnesota Minneapolis Hospital, the Midtown Global Market, and Saint Mary's University of Minnesota-Twin Cities Campus. There are many restaurants, dining, and entertainment options, drawing people to this neighborhood. Downtown is only 7 minutes away, and accessibility is a breeze via major roadways Interstate 35W.

Minneapolis is a prime location for real estate investment, serving as a key economic engine of the Midwest. Its diverse economy is anchored by strong sectors including finance, healthcare, manufacturing, and technology. The Twin Cities metro stands out to commercial real estate investors thanks to its highly educated workforce, with about 44% of adults holding a bachelor’s degree or higher, well above the national average of 36%. There is also a solid employment base led by Fortune 500 companies like UnitedHealth Group, Target, 3M, and U.S. Bancorp. Continued job growth in healthcare and education supports the region’s economic stability. Major institutions such as Mayo Clinic, Fairview Health Services, and Allina Health are expanding, particularly into suburban markets. At the same time, elevated construction activity in multifamily housing and infrastructure reflects strong population growth and ongoing public investment, reinforcing the area's long-term appeal to investors.

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