Search
Historic Office Building with Elevator

2318 Park Avenue, Minneapolis, MN 55404

For Sale
$1,650,000

Four finished levels offer private offices, shared meeting areas, outdoor patios, and on-site parking.

Property Size13,789 SF
Lot Size0.87 Acres
Price / SF$119.66
Days on Market330

Property Features for 2318 Park Avenue

General Information

Standard status Active
Size 13,789 SF
Total Parking Spaces 29
Elevators Yes
Lot size 0.87 Acres
Property subtype Commercial
Zoning Business/Commercial

Site & Location

Neighborhood Refno

Additional Details

Opportunity Zone Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $52,761

Amenities

patio areas
irrigated lawns
heated four-car garage with workshop

Building Details

Building Size 13,789 SF
Year Built 1923
Buildings 1
Stories 3
Units 1
Construction Georgian Revival
Tenancy Single
Owner Occupied No
Listing Agency: Edina Realty, Inc.
Listed By: Nicole A. Lettner
Source: Driveresultsrealty
Added: Dec 15, 2025 Changed: Nov 8 Last Checked: Nov 8 at 3:44PM

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 Edina Realty, Inc.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Built in 1923, this 13,789-square-foot Georgian Revival office property contains 34 private offices alongside shared gathering and collaboration rooms. An elevator serves all four finished floors. The entry features marble flooring and a spiral staircase. The 0.87-acre parcel includes irrigated lawns, two patios, and 29 surface parking spaces, plus a separate heated four-car garage with a workshop. The building is currently used as nonprofit office space.

At 2318 Park Avenue in Minneapolis, the property is approximately 1.5 miles from the central business district. The site is within the Phillips West neighborhood and a designated Minnesota Opportunity Zone.

Key Highlights

  • 13,789‑square‑foot office building constructed in 1923
  • 34 private offices across four finished floors, served by an elevator
  • 0.87‑acre parcel with irrigated lawns and two patios

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Park Avenue Center ... Medical Clinic

Suggested Use

Top Pick Building Supply Veterinary Clinic Pet Grooming Service Home Appliance Store Kitchen & Bath Showroom Electrical 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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,001
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

Properties on Market for Office buildings in Minneapolis

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - Four finished levels offer private offices, shared meeting areas, outdoor patios, and on-site parking.
Where is this office building located?
The property is located at 2318 Park Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 13,789‑square‑foot office building constructed in 1923; 34 private offices across four finished floors, served by an elevator; 0.87‑acre parcel with irrigated lawns and two patios
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved