2318 Park Ave - Office FOR SALE


Minneapolis, MN 55404- Phillips
$2,000,000 USD
651-331-1735
2318 Park Ave, Minneapolis, MN for Sale
$2,000,000 USD
Office - FOR SALE
1/24
null | Request Cap Rate

2318 Park Ave
Minneapolis, MN 55404
Phillips


HIGHLIGHTS

  • Less than 1.5 miles to Minneapolis CBD with Freeway access to 35W & I94
  • Stunning architecture details and light filled spaces through newer Anderson Windows
  • Flexible usage with dedicated offices and great common spaces.

OVERVIEW

Embrace this rare opportunity to own a distinguished Park Avenue Georgian Revival mansion located along the iconic “Golden Mile” in Minneapolis. Encompassing more than 13,000 square feet, the property at 2318 Park Avenue is zoned BFI3/RM3 and is situated within the vibrant Phillips West neighborhood, approximately 1.5 miles from the Minneapolis central business district. The property also lies within a designated Minnesota Opportunity Zone, offering potential tax advantages for qualified investors. Currently utilized as office space for an owner occupied nonprofit organization, the building offers exceptional flexibility with 34 private offices of varying sizes and numerous stately common and collaboration areas well suited for professional, institutional, or adaptive reuse purposes. All four finished floors are accessible via elevator, providing seamless vertical circulation throughout the building. The grand main entrance makes a lasting impression, featuring black-and-white marble flooring and an elegant spiral staircase that underscores the property’s historic character and architectural significance. Situated on a fenced 0.87-acre parcel, the grounds include lush, irrigated lawns, two patio areas ideal for outdoor gatherings, and 29 surface parking spaces. A detached, heated four-car garage with an integrated workshop further enhances the property’s functionality, making this an exceptional offering for an owner-user or investor seeking a landmark asset with proximity to downtown Minneapolis.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

OR2

APN/PARCEL ID

35-029-24-22-0017

ASK ABOUT THIS PROPERTY

Nicole LettnerEdina RealtyMore Info
651-331-1735

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Nicole LettnerEdina RealtyMore Info
651-331-1735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.