3430 University Ave SE

3430 University Ave SE is a 25,734 SF mixed-use property on a prominent 55,232 SF site in the Prospect Park neighborhood. The main building along University Ave includes a full basement, main level, and a partial second floor, providing flexible layouts for a variety of users. A separate drive-through building connected via underground tunnel is also part of the site, with surface and underground parking connecting the two structures for seamless access and circulation. The property offers excellent visibility, signage potential, and adaptability for owner-users. For investors or developers, the large parcel also presents a unique redevelopment or repositioning opportunity; located in a Qualified Census Tract (QCT), which can provide advantages and funding programs that support affordable housing and community development, and enhanced feasibility for mixed-use projects.

3430 University Ave SE sits along a high-traffic commercial corridor in Prospect Park, offering prime visibility, walkability, and transit access. Adjacent to the Green Line’s Westgate Station and near multiple bus routes, the site ensures seamless connectivity to both Minneapolis and St. Paul. Its proximity to the University of Minnesota makes it especially attractive for education, nonprofit, healthcare, or research users, while ongoing residential and institutional growth supports long-term demand and future redevelopment potential.