2318 1ST AVENUE
2318 1st Avenue, Minneapolis, 55404, MN
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Price: $600,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: 84
Bedrooms: 0
Property Size :0
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Listing Agent: NST19321,NST107898
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Property type : Commercial Sale
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Zip code: 55404
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Street: 2318 1st Avenue
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Street: 2318 1st Avenue
Bathrooms: N/A
Year: 1920
Listing Brokerage: Keller Williams Realty Integrity-Edina
DETAILS
Prime RM3 Investment Opportunity – 2318 1st Ave S, Minneapolis. Position your portfolio for success with this 6,009 SF multi-use commercial property in the heart of Minneapolis. Built in 1920 and situated on a prominent corner lot, this property offers the rare combination of historic architecture, flexible zoning, and strong location fundamentals—a winning formula for investors and owner-users alike. Currently configured as professional office space, the building features three separate entrances across three floors plus a lower level, allowing for multi-tenant use or conversion to mixed-use, residential, or institutional operations. The RM3/BFI3 zoning supports a broad range of uses including large-scale dwellings, professional offices, and major institutional tenants, giving investors a flexible foundation for future growth or repositioning. Nine off-street parking stalls—a rare urban luxury—enhance accessibility and tenant appeal. With the previous owner (a long-standing accounting firm) now relocated, the property is move-in ready or available for immediate redevelopment or lease-up strategy. Located just steps from Eat Street, the Minneapolis Institute of Art, and Midtown Global Market, this property sits within one of the city’s most vibrant and transit-connected neighborhoods. The strong surrounding tenant mix, bike and bus accessibility, and proximity to downtown create a high-demand environment for professional users and long-term investment stability. Investment Highlights: - 6,009 SF brick building (approx. 4,862 SF finished) on a corner lot - RM3/BFI3 zoning – ideal for office, residential, or institutional uses - 3 separate entrances for multi-tenant or flexible layouts - 9 off-street parking stalls – rare in core Minneapolis - Solid 1920 construction with timeless architectural appeal - Vacant and ready for occupancy, repositioning, or redevelopment - Surrounded by high-demand cultural and commercial amenities - Located in a strong rental and employment corridor near downtown 2318 1st Ave S represents a smart acquisition for investors seeking a versatile, centrally located asset with multiple upside paths—whether through adaptive reuse, multi-tenant office leasing, or future residential conversion.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: Full, Partially Finished,
Appliances Included:
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EXTERIOR
Air Conditioning: Window Unit(s)
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 1764ft²
Unit Amenities:
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Heating System:
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- Hot Water
- Baseboard
- Radiant
LOT
Acres: N/A
Lot Size Dim.: 60x125
Longitude: 44.9594
Latitude: -93.2769
Zoning: Business/Commercial,Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $19,764
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer - In Street
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7920567
Listing Brokerage: Keller Williams Realty Integrity-Edina
ID: 4971600
Published: June 17, 2026
Last Update: June 17, 2026
Views: 1
