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Historic Office Building with Classrooms
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2220 16th Ave N, Minneapolis, MN 55411

Built in 1910 with a 1920 addition, this office building offers multiple classrooms with sinks and off-street parking in R1A.

Property Size55,635 SF
Days on Market1313

Property Features for 2220 16th Ave N

General Information

Standard status Active
Size 55,635 SF
Property subtype SPECIALTY
Listing Agency: Commercial Equities Group, Inc
Listed By: Jeff Salzbrun · License #40699119
Source: Moodyscre
Added: Dec 26, 2022 Changed: Jul 29 Last Checked: Jul 30 at 2:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Equities Group, Inc

Investment Insights

Based on property information with market context.

This historic office building was built in 1910 with an addition completed in 1920. The interior includes multiple classrooms with sinks, with an average classroom size of 880 SF, along with larger spaces such as a gymnasium and auditorium, plus offices and workrooms. Mechanical systems are described as well-maintained, and the property includes off-street parking.

The building is directly adjacent to Gordon School and Willard Park. It is located one block south of Golden Valley Rd, two blocks north of Plymouth Ave, and one block west of Penn Ave N. The property sits in a mature neighborhood with limited undeveloped parcels and is zoned R1A.

Potential uses mentioned include a community center, mixed-use, housing, and maker space, subject to applicable approvals. Charter and private schools and childcare centers will not be considered.

Key Highlights

  • Built in 1910 with a 1920 addition
  • Multiple classrooms with sinks; average classroom size 880 SF
  • Includes larger spaces such as a gymnasium and auditorium

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Home Appliance Store Veterinary Clinic HVAC Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

613
Businesses Nearby

Demographics for 55411, MN

31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value

Market

Lease Benchmarks for Minneapolis, MN

$17 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
76,115 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Built in 1910 with a 1920 addition, this office building offers multiple classrooms with sinks and off-street parking in R1A.
Where is this office building located?
The property is located at 2220 16th Ave N Minneapolis, MN.
What are key features of this property?
This property features: Built in 1910 with a 1920 addition; Multiple classrooms with sinks; average classroom size 880 SF; Includes larger spaces such as a gymnasium and auditorium
(612) 428-3333 Call to check price and availability
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