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    2318 1St Ave S Minneapolis, MN 55404

    For Sale
    $600,000

    Commercial - Minneapolis, MN

    Lot size:
    0.17 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 2318 1St Ave S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial,Residential-Multi-Family
    APN
    3402924120043
    Parking features
    Driveway, Guest, Parking Lot, Paved or Surfaced, Unassigned
    Exterior features
    Brick/Stone
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Radiant

    Building Details

    Year built
    1920
    Flooring type
    Carpet, Tile, Wood
    Architectural style
    Other

    Pinnacle Real Estate Group LLC (612) 998-8959 [email protected]

    Listing agent Nicoli Holm (952) 938-6100

    Listing date Nov 18, 2025

    MLS# 6782793 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Minneapolis Multi-Use Commercial Property

    Located in Minneapolis, this 6,009 square foot multi-use commercial property, built in 1920, is situated on a corner lot. The building is currently configured as professional office space and 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 range of uses including dwellings, professional offices, and institutional tenants. There are nine off-street parking stalls. The property is move-in ready or available for immediate redevelopment or lease-up strategy. Located steps from Eat Street, the Minneapolis Institute of Art, and Midtown Global Market, the property is located within a vibrant and transit-connected neighborhood. The surrounding tenant mix, bike and bus accessibility, and proximity to downtown create a high-demand environment for professional users and long-term investment stability. The building has approximately 4,862 square feet finished. The property is suitable for adaptive reuse, multi-tenant office leasing, or future residential conversion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Romer & Company, PC Certified Public Accountant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.276907
    Latitude
    44.959359

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    FAQs

    What type of property is this?
    Office space - 6,009 SF multi-use commercial property in the heart of Minneapolis.
    Where is this office space located?
    The property is located at 2318 1St Ave S Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Prime location near Eat Street, Minneapolis Institute of Art, and Midtown Global Market, offering high demand and strong tenant mix.; - Flexible RM3/BFI3 zoning allows for office, residential, or institutional uses, providing multiple development options.; - 6,009 SF building with 3 separate entrances, suitable for multi-tenant use or conversion.
    (952) 938-6100
    Request Owner's contact information
    2318 1St Ave S Minneapolis, MN 55404
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    Minneapolis, MN 55404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2318 1St Ave S Minneapolis, MN 55404
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