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28062661
28062663

2318 1st Ave S, Minneapolis, MN 55404 For Sale

CH
MN 40427410
CIG Brokerage
Listed by CIG Brokerage
$600,000
256 days on market
Updated 40 days ago

2318 1st Avenue South Professional Building

Details
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 6,009
Occupancy 80%
Tenancy Single
Lease Type Modified
Price per SqFt $100
Class C

Tons of potential with this 1920's built charmer

Marketing description

Tons of potential with this 1920's built charmer, located on a corner lot with 3 entrances and ample space to customize your space! Over 6,000 SF on 3 floors (plus lower level), this building allows a variety of possibilities with the RM3 zoning; both residential and institutional/commercial zoning. Parking is not a problem with 9 off-street stalls on this walkable site; centrally located amongst restaurants, bus lines, bike lanes and parks. This is an owner-user or investor opportunity. The current owner, an accounting firm, has moved to their new building.

Investment highlights

  • 6,009 SF building with potential for customization (~ 4,862 SF finished)

  • Built in 1920, blending historic charm with modern opportunity

  • Zoned RM3/BFI3, offering versatile commercial prospects

  • This is a Residence and Institutional zoning district.

  • The RM3 Residence and Institutional District allows large-scale dwellings, large office uses, and major institutions.

  • Prime location in the dynamic Minneapolis area

  • Ample Off-Street parking stalls (9)

Listing Contacts

CH
MN 40427410
CIG Brokerage
Listed by CIG Brokerage

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Additional Information

Name
Chad Heer
License
40427410
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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