2740 Thomas Avenue S, Minneapolis, MN 55416

$999,000
Property Type: Land Lot Size (sq. ft.): 10,019 Status: Active
Current Price: $999,000 List Date: 2/23/2026 Last Modified: 4/13/2026

Overview

Description

Exceptional opportunity on an expansive 85’ x 125’ double lot in sought after Cedar-Isles-Dean neighborhood near Lake of the Isles. Bathed in beautiful natural light, this wide parcel offers remarkable potential for a new construction home that fully maximizes the setting, scale, and surrounding architecture. The existing cottage is undeniably charming, but the true value lies in the land and the ability to create a custom residence in a premier location. With alley access and ample space to design a sun filled home, the lot offers endless layout and lifestyle possibilities. Whether envisioning a modern masterpiece or a timeless classic, this rare, oversized site provides the ideal canvas in a high quality, established neighborhood steps from parks, trails, and the lakes. A prime teardown opportunity for builders, investors, or anyone seeking to build their dream home.

Listing Details MLS# 7023563

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Waterfront Present
No
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Lot Dimensions
125x80
Acres
0.23
Power Company
Xcel Energy
Assessment Pending
No
Association Fee
0

Property Features

Available Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Available; Sewer Connected; Water Available; Water Connected Development Status: Finished Lot(s) Improvements: Curbs; Paved Streets; Public Road; Sidewalks Land Inclusions: For Sale Sign Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Sellers Terms: Cash; Conventional Surface Water: None Topography: Sloped

Contract Information

Contingency
None
Original List Price
999000
ListPrice
999000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2740
Street Name
Thomas Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55416
Complex/Dev/Subdivision
Walton Hills

Assessments

Tax With Assessments
12997
Assessment Balance
0
Assessment Installment
0

Builder Information

Builder Restrictions
Open

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
32
Township#
29

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
BLOCK 002 WALTON HILLS LOTS 30 AND 31 AND N 5 FT OF LOT 29
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
4347
Property ID Number
TBD
Tax Year
2026
Tax Amount
12997
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Exceptional opportunity on an expansive 85’ x 125’ double lot in sought after Cedar-Isles-Dean neighborhood near Lake of the Isles. Bathed in beautiful natural light, this wide parcel offers remarkable potential for a new construction home that fully maximizes the setting, scale, and surrounding architecture. The existing cottage is undeniably charming, but the true value lies in the land and the ability to create a custom residence in a premier location. With alley access and ample space to design a sun filled home, the lot offers endless layout and lifestyle possibilities. Whether envisioning a modern masterpiece or a timeless classic, this rare, oversized site provides the ideal canvas in a high quality, established neighborhood steps from parks, trails, and the lakes. A prime teardown opportunity for builders, investors, or anyone seeking to build their dream home.
Directions
Thomas Avenue S between Dean Pkwy and W 28th St.

Development Status

Finished Lot(s)
Yes

Insurance Fee

Insurance Fee
0

Lot Description

Public Transit (w/in 6 blks)
Yes
Tree Coverage - Medium
Yes

Restriction/Covenants

None
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes

Road Responsibility

Public Maintained Road
Yes

Sale Options

Sell Entirely
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Topography

Sloped
Yes

Available Utilities

Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Available
Yes
Sewer Connected
Yes
Water Available
Yes
Water Connected
Yes

Improvements

Curbs
Yes
Paved Streets
Yes
Public Road
Yes
Sidewalks
Yes

Land Inclusions

For Sale Sign
Yes

Surface Water

None
Yes
Listing Office: Coldwell Banker Realty - Lakes
IDX
Last Updated: April - 13 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.