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    Mixed-Use Building Near Major Interstates Title is generated by Realmo AI

    2316 4th Ave S, Minneapolis, MN

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    5,500 SF building with office and industrial space for sale.

    Type:INDUSTRIAL
    Property size:
    5,070 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $226/SF
    Added:
    Sep 10, 2025
    Days on Market:
    302
    Last Refresh:
    May 20 at 8:22 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

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    Mike Doyle
    Mike Doyle

    Listing office Kenwood Commercial

    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.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    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.

    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 Uses

    Best Use
    Office B
    $905.1K
    $792.0K – $1.06M (±1% cap)
    NOI $63,358 @ 7.0% cap · market cap 5.51%
    Second Best
    Industrial
    $769.1K
    $673.0K – $897.3K (±1% cap)
    NOI $53,838 @ 7.0% cap · market cap 4.68%
    Theoretical Best
    Office A
    $1.21M
    $1.06M – $1.41M (±1% cap)
    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

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store Home Appliance Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store Wine and Liquor Store Pet Store & Service Electrical Service

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

    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

    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.
    (612) 242-8820 Call to check price and availability
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