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7300 42nd Avenue N New Hope, MN $ 1,600,000
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$ 1,600,000 Get more info
7300 42nd Avenue N
$ 1,600,000
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Share Save

7300 42nd Avenue N

New Hope, MN, 55427
$ 1,600,000
Bedrooms-- Baths--

Monthly Estimate*

$ 11,051

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Commercial Property for sale in New Hope, MN

for $1,600,000. This building was built in 1996 on a lot size of 1.43.

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.

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Commercial Active

Price

$ 1,600,000

Property Type

Commercial

Taxes

$ 2,128

Style

Lot Size

1.43

Year Built

1996

Town/City

New Hope

County/Region

Hennepin

MLS | Web ID

7130833
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Common Heating Common Hot Water Common
Garage Spaces 0
Year Built 1996
Tax Year 2026
Current Use Commercial
Accessibility Other
County Hennepin
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name City Center Add
Possible Use Other
Directions From HWY 100 42nd Ave westbound to Nevada Ave
City New Hope
High School District Robbinsdale
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2128
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 1.43
Lot Dimensions 485 x 130
Waterfront Y/N N
Foundation Area 7800
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Interior
Basement (Y/N) N
Fuel Natural Gas
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Internal Only
Street Number 1 7300
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* Excluded Features
List By
Mrg Realty Partners, Llc

Broker

david@mrgrealtypartners.com

Email

Affordability Calculator

$11,228
Per Month
98%
2%
0%
Monthly Principal & Interest
$11,051
Monthly Property Taxes
$177
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
709307 Elementary School
708874 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/14/2026$1,600,000 -15.79% Price Down
8/20/2026$1,900,000 Listed Price

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7300 42nd Avenue N, New Hope, MN, 55427 is a Commercial Property for sale at $1,600,000 with a lot size of 1.43. 7300 42nd Avenue N was built in 1996. The property's zip code is 55427 which is in New Hope, MN

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