7300 42nd Avenue NNew Hope, MN 55427
$1.6 million
1.43 acre lot
About this home
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.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1996
- Lot
- 1.43 acres
- Heating
- Natural Gas, Forced Air
- Property taxes
- $2,128 a year
- Listed
- August 20, 2026
- MLS number
- 7130833
Listing courtesy of MRG Realty Partners, LLC (David B Dirkers). MLS #7130833.
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How it compares
7300 42nd Avenue N, New Hope, MN 55427 is a single-family home built in 1996, listed for $1.6 million on August 20, 2026 by MRG Realty Partners, LLC. That is in the upper quarter of the 45 single-family homes for sale in New Hope right now (median $350,000).
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:09 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- New Hope community guideSchools, commutes, parks, home values and local stories.
- New Hope housing market, September 2026Homes sold for a median $361,000 over 12 months (+2.1%), 34 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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