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    2942 Oakland Ave Minneapolis, MN 55407

    For Sale
    $550,000

    Commercial - Minneapolis, MN

    Lot size:
    0.12 Acres
    Days on Market:
    269
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 2942 Oakland Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    3502924330162
    Parking features
    Driveway
    Exterior features
    Block
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1953
    Flooring type
    Concrete
    Building materials
    Block, Concrete
    Roof type
    Rubber
    Architectural style
    Other

    RE/MAX Advantage Plus (952) 226-7700 [email protected]

    Listing agent Pahola Clysdale (952) 226-7700

    Listing date Mar 22, 2025

    MLS# 6687718 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

    Versatile Commercial Building, Minneapolis

    This commercial property, located in Minneapolis, Minnesota, presents an opportunity for various business ventures. The current setup includes office space for a Taekwondo academy and security offices. The property's zoning is Business/Commercial, allowing for diverse uses such as an office warehouse, church, classroom, sales room, studio, showroom, meeting hall, gym, adult daycare, clinic, sewing workshop, factory, e-commerce, beauty salon, or spa. The lot size is approximately 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Linos Security Security Guard Service Jackie Starr Bread ... Church

    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.

    Similar Places Nearby

    CMTC Wireless - 24/7 iPhone Screen Repair Shop in Minneapolis MN, Concept Media Technology Company, Inc., JNTECHREPAIR, S-MOBILE BY SAULYN, Custom Smartz

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.266826
    Latitude
    44.948862

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    FAQs

    What type of property is this?
    Office Property / Space - Adaptable commercial space suitable for various business ventures.
    Where is this office property / space located?
    The property is located at 2942 Oakland Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Opportunity to create your own business with diverse potential uses (office, warehouse, church, gym, etc.).; - Block and concrete construction.; - Concrete flooring.
    (952) 226-7700
    Request Owner's contact information
    2942 Oakland Ave Minneapolis, MN 55407
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    Minneapolis, MN 55407
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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
    2942 Oakland Ave Minneapolis, MN 55407
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