4001 Mavelle Drive Minneapolis, MN $ 2,750,000
4001 Mavelle Drive
$ 2,750,000
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4001 Mavelle Drive

Minneapolis, MN, 55435
$ 2,750,000
Bedrooms-- Baths--

Monthly Estimate*

$ 18,994

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Commercial Property for sale in Minneapolis, MN

for $2,750,000. This building was built in 1961 on a lot size of 0.67.

Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans. Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District. This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space. Additional features include: Baseboard hot water radiant heat for consistent comfort Tenants pay electric Coin-operated laundry on site Located in Edina—one of the most affluent close-in suburbs of Minneapolis—the property presents future redevelopment potential, situated just half a block from the France Avenue commercial district, which includes hospitals, physician offices, and high-end shopping destinations. The property is zoned PRD-4, allowing for flexible higher-density multifamily development with commercial elements (buyer to verify with the City of Edina). 1031 Exchange property.

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Commercial Active

Price

$ 2,750,000

Property Type

Commercial

Taxes

$ 28,991

Style

Lot Size

0.67

Year Built

1961

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7000870

Features
General
Sewer City Sewer/Connected
Heating Baseboard Boiler
Cooling Window Unit(s)
Utilities Electric Separate Heating Common
Garage Spaces 12
Year Built 1961
Tax Year 2025
Current Use Residential
Gross Income 189780
Accessibility No Stairs External
County Hennepin
Net Operating Income 140789
Operating Expense 48991
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Stows Edgemoor Add Blk 9 Rep
Directions France Ave to 70th St to Mavelle Dr.
City Edina
High School District Edina
Zoning Description Residential-Multi-Family
Number Of Units Total 12
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 28991
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Detached Garage Parking Lot
Water Source City Water/Connected
Inclusions Building Land Leases
Lot Size Area 0.67
Lot Dimensions Irregular
Waterfront Y/N N
Foundation Area 500
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Interior
Basement (Y/N) N
Fuel Electric Natural Gas
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Internal Only
Street Number 1 4001
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* Excluded Features
List By
Sweet Home Realty, Llc

Broker

zoezhi2000@yahoo.com

Email

Affordability Calculator

$21,409
Per Month
89%
11%
0%
Monthly Principal & Interest
$18,994
Monthly Property Taxes
$2,416
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708679 Elementary School
708369 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/17/2025$2,750,000 Listed Price

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4001 Mavelle Drive, Minneapolis, MN, 55435 is a Commercial Property for sale at $2,750,000 with a lot size of 0.67. 4001 Mavelle Drive was built in 1961. The property's zip code is 55435 which is in Minneapolis, MN