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Office Building with Parking
For Sale
$600,000

2318 1st Avenue S, Minneapolis, MN 55404

Commercial Sale, Minneapolis, MN

Property Size6,009 SF
Lot Size0.17 Acres
Price / SF$99.85
Days on Market116

Property Features for 2318 1st Avenue S

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial, Residential-Multi-Family
Rooms Basement
Parking features Assigned, Driveway, Guest, Parking Lot
Subdivision Remingtons Sub Ne 1/4 34-29-24
Lot features Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
High school district Minneapolis
Directions E 22nd Street, take left at alley and park in back of building
Standard status Active
APN 3402924120043
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 19764

Utilities

Heating system Radiant, Baseboard, Hot Water(Heating)

Amenities

three separate entrances

Building Details

Year built 1920
Listing Agency: Keller Williams Realty Integrity
Listed By: Nicoli Holm · License #40553866
Added: Jun 17 Changed: Oct 9 Last Checked: Oct 10 at 1:06AM
MLS# 7094590

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6,009-square-foot brick office building was constructed in 1920 and occupies a corner lot. It contains approximately 4,862 square feet of finished area, with three separate entrances serving three floors and a lower level. The building is vacant and has nine off-street parking stalls.

The property at 2318 1st Avenue S in Minneapolis is zoned RM3/BFI3. Eat Street, the Minneapolis Institute of Art, and Midtown Global Market are identified as nearby destinations.

Key Highlights

  • 6,009 SF building with approximately 4,862 SF finished
  • 1920 brick construction on a corner lot
  • Three entrances across three floors and a lower level

Property Analytics

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Current Use

Romer & Company, PC Accounting Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Store & Service Pet Grooming Service Electrical Service Locksmith Pet Store

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

Location Intelligence

Trade Area within ½ mile

2,607
Businesses Nearby

Demographics for 55404, MN

29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Three entrances serve office space arranged across multiple levels.
Where is this office building located?
The property is located at 2318 1st Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 6,009 SF building with approximately 4,862 SF finished; 1920 brick construction on a corner lot; Three entrances across three floors and a lower level
More about this property
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