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    2304 Park Ave Minneapolis, MN 55404

    For Sale
    $3,600,000

    Spacious Office Building, Move-In Ready

    Property size:
    36,621 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 36,621 square foot office building, located at 2304 Park Avenue in Minneapolis, Minnesota, presents a unique investment opportunity. Situated on a 0.89-acre lot, the property boasts ample parking with two lots accommodating 49 vehicles. Last renovated in 2008, the building is in excellent condition and is immediately available. Currently configured with classrooms and offices, it's ideally suited for educational institutions (early childhood, elementary, middle, or high schools). However, its versatile zoning (Commercial RM3) and ADA compliance allow for a wide range of alternative uses, including child care, senior care, multi-family residential (with conversion), medical facilities, or traditional office space. The building's layout could be easily reconfigured to accommodate multiple tenants or even serve as a redevelopment site. The property benefits from its convenient location near downtown Minneapolis and excellent access to major highways (35W and I-94). All mechanical systems are well-maintained and in great condition. A significant advantage is the inclusion of an extra-large garage door opening to a spacious area perfect for storing equipment, such as snow removal, landscaping, or service vehicles. Priced at $3,600,000, this property offers substantial potential for a savvy investor.

    Property Features for 2304 Park Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    36,621 SF
    Lot Size
    38,768 SF

    Building Details

    Year Built
    1956
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Somali Chamber of Commerce Chamber Of Commerce

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.26587
    Latitude
    44.9599

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious Office Building, Move-In Ready
    Where is this office property / space located?
    The property is located at 2304 Park Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $3,600,000.
    (651) 452-5950
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    2304 Park Ave 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
    2304 Park Ave Minneapolis, MN 55404
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