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


INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Located in Minneapolis, the former Ebenezer Care Center is a 62-bed facility ideal for reuse or redevelopment.
- Broad R6 zoning allows for a wide range of potential uses, making this site ideal for developers and investors looking to expand their portfolios.
- Within 5 miles, the average household income tops $101,000 and annual consumer spending exceeds $6.6 billion.
- Conveniently located just south of Downtown Minneapolis, the site offers easy access via Interstate 35W, with downtown less than 10 minutes away.
- Near points of interest and amenities like Abbot Northwestern Hospital, Saint Mary’s University of Minnesota, and the American Swedish Institute.
- Starting bid $1 | Absolute auction.
RÉSUMÉ ANALYTIQUE
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.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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.
Property tours are available by appointment only. Please contact the listing broker to schedule.
DATA ROOM Cliquez ici pour accéder à
- Operating and Financials
- Purchase Agreement
INFORMATIONS SUR L’IMMEUBLE
Type de vente | Investissement | Surface de l’immeuble | 6 968 m² |
Condition de vente | Vente aux enchères | Nb de lits | 110 |
Type de propriété | Pleine propriété | Nb d’étages | 3 |
Type de bien | Soins de santé | Année de construction | 1919 |
Sous-type de bien | Logement avec assistance | Ratio de stationnement | 0,03/1 000 m² |
Classe d’immeuble | C | Zone de développement économique [USA] |
Oui
|
Surface du lot | 0,66 ha | Numéro de parcelle | 35-029-24-23-0049 |
Zonage | R6 |
Type de vente | Investissement |
Condition de vente | Vente aux enchères |
Type de propriété | Pleine propriété |
Type de bien | Soins de santé |
Sous-type de bien | Logement avec assistance |
Classe d’immeuble | C |
Surface du lot | 0,66 ha |
Surface de l’immeuble | 6 968 m² |
Nb de lits | 110 |
Nb d’étages | 3 |
Année de construction | 1919 |
Ratio de stationnement | 0,03/1 000 m² |
Zone de développement économique [USA] |
Oui |
Zonage | R6 |
Numéro de parcelle | 35-029-24-23-0049 |
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Walk Score®
Très praticable à pied (74)
Bike Score®
Un paradis pour les cyclistes (95)
CONSEILLER EN VENTE
À PROPOS DE LA TECHNOLOGIE DES ENCHÈRES
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
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CONTACT POUR LES ENCHÈRES
Kevin Loudy
Contact
Licence du commissaire-priseur :
Ten-X Arlene Richardson RE Brkr 40750750
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Barême de frais de transaction
Basée sur le pourcentage du montant de l’enchère gagnante.
Montant de l’enchère gagnante
Frais de transaction
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Exemple de calcul
Montant de l’enchère gagnante
$4,000,000
Frais de transaction
$100,000 (2.5%)
Prix d’achat total
$4,100,000
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Redevelopment Opportunity Near Downtown | 2545 Portland Ave
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Redevelopment Opportunity Near Downtown | 2545 Portland Ave
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