Mixed-Use Building Near Major
2316 4th Ave S, Minneapolis, MN
Call to check price and availability
5,500 SF building with office and industrial space for sale.
Type:INDUSTRIAL
Property size:
5,070 SFLot size:
0.48 AcresPrice / SF:
$226/SF- Added:
- Sep 10, 2025
- Days on Market:
- 257
- Last Refresh:
- Apr 5 at 8:32 pm
Property Features for 2316 4th Ave S
General Information
- Standard status
- Active
- Size
- 5,070 SF
- Lot size
- 0.48 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 2316 4th Ave S Contact us
Listing agent Mike Doyle (612) 242-8820
Listing office Kenwood Commercial (612) 242-8820
Listing date Sep 10, 2025
Source Moodyscre
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 Kenwood Commercial
HighLights
- Excellent location near I‑94 and I‑35W.
- Large .48 acre lot with a 5,500 SF building.
- Includes a 15,409 SF fenced‑in storage area.
- Mixed‑use space: 1,000 SF industrial, 4,500 SF office.
- Features a brightly lit entry, reception, kitchenette/break room, small offices, and conference room.
- Prominent building signage opportunity above the entryway.
Overview
This 5,500 square foot building, constructed in 1948, is situated on a 20,780 square foot (0.48 acre) lot. The property features a mix of uses, with 1,000 square feet designated as industrial space and 4,500 square feet configured as office space. The building includes a brightly lit entry area suitable for a reception, a kitchenette or break room, several small offices, and a conference room. A large area is available for building signage above the entryway. The property also includes a fenced-in area adjacent to the parking lot, containing storage buildings and spanning approximately 15,409 square feet. Located in the northeast corner of the Whittier Neighborhood, the property is bounded by Franklin Avenue, I-35W, Lake Street, and Lyndale Avenue. Its location offers close proximity to I-94 and I-35W. The zoning is RM3 - Residence and Institutional.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$704.0K
NOI $63,358 @ 9.00% cap · cautious / downside scenario
Moderate
$905.1K
NOI $63,358 @ 7.00% cap · market / base-case scenario
Aggressive
$1.27M
NOI $63,358 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.9k | $20.88 |
| − Vacancy | −$21.4k | −$4.22 |
| EGI | $84.5k | $16.66 |
| − OpEx | −$21.1k | −$4.17 |
| NOI | $63.4k | $12.50 |
5,070 SF · lease $20.88/SF/yr · vacancy 20.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$905.1K
$792.0K – $1.06M
NOI $63,358 @ 7.0% cap · market cap 5.51%
Second Best
Industrial
$769.1K
$673.0K – $897.3K
NOI $53,838 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,672 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Hail Group
Auto Repair Shop
Similar Places Nearby
- Classic Catering — 403 W 60th St, Minneapolis, MN 55419
- One West Catering — 1 W Diamond Lake Rd, Minneapolis, MN 55419
- Firehouse Subs Lyndale Station — 6535 Lyndale Ave S, Richfield, MN 55423
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2706
- Latitude
- 44.9598
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 5,500 SF building with office and industrial space for sale.
Where is this flex space located?
The property is located at 2316 4th Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Excellent location near I‑94 and I‑35W.; Large .48 acre lot with a 5,500 SF building.; Includes a 15,409 SF fenced‑in storage area.
