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Mixed-Use Property with Apartment
For Sale
$695,000

3101 Irving Avenue S, Minneapolis, MN 55408

Commercial Sale, Minneapolis, MN

Property Size1,365 SF
Lot Size0.11 Acres
Price / SF$509.16
Days on Market148

Property Features for 3101 Irving Avenue S

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial, Residential-Multi-Family
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking features Open, Garage, Secured, Driveway, Parking Lot, Assigned, Garage - Attached
Window features Double Pane Windows, Skylight(s), Blinds, Aluminum Frames
Patio and Porch features Deck
Accessibility Accessible Approach with Ramp
Appliances Dishwasher, Dryer, Water Heater - Gas, Microwave, Range, Refrigerator, Washer
Subdivision Calhoun Park
Lot features Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
High school district Minneapolis
Directions From 94, go South on Hennepin Ave. At West 31st, head West approximately four blocks. Building is on the South side of West 31st
Standard status Active
APN 0402824210122
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 15037

Utilities

Heating system Forced Air, Baseboard
Cooling system Central Air

Building Details

Year built 1905
Roof type Rubber, Flat
Listing Agency: Keller Williams Realty Integrity Lakes
Listed By: Emily Kosokar
Added: May 15 Changed: Oct 8 Last Checked: Oct 9 at 5:06PM
MLS# 7059732

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.

The property combines a ground-floor business area with a two-bedroom apartment on the upper level. The main floor has 1,365 square feet arranged with four offices, a reception area and bullpen, a kitchenette, and a bathroom. Below, 1,400 square feet of dry basement storage provides additional space. The 1,300-square-foot apartment includes an approximately 600-square-foot deck. Built in 1905, the building also has a heated attached garage sized for two large utility vans, with parking for up to eight vehicles on the lot.

The property is two blocks from Lake Bde Maka Ska and located on a bus line. Corner-facing signage serves the Irving Avenue and 31st Street sides. The garage is currently rented. The arrangement brings business, residential, storage, and parking areas together in one property.

Key Highlights

  • 1,365‑square‑foot main level with four offices, reception/bullpen, kitchenette, and bathroom
  • 1,300‑square‑foot, two‑bedroom upper‑level apartment with an approximately 600‑square‑foot deck
  • 1,400 square feet of dry basement storage

Property Analytics

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Current Use

Essential Care Centers Community Health Centre

Suggested Use

Top Pick Pet Grooming Service Garden Center Locksmith Butcher HVAC Service Tanning Salon

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

1
Office units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,172
Businesses Nearby

Demographics for 55408, MN

33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
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?
Mixed-use property - A two-level configuration pairs office space with a two-bedroom residence above.
Where is this mixed-use property located?
The property is located at 3101 Irving Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,365‑square‑foot main level with four offices, reception/bullpen, kitchenette, and bathroom; 1,300‑square‑foot, two‑bedroom upper‑level apartment with an approximately 600‑square‑foot deck; 1,400 square feet of dry basement storage
More about this property
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