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Three-Story Office Building
For Sale
$4,399,000

4021 Thomas Ave N, Minneapolis, MN 55412

Specialty office property with classrooms, shared amenity spaces, elevator access, and limited on-site parking.

Property SizeContact for details
Days on Market10

Property Features for 4021 Thomas Ave N

General Information

Standard status Active
Elevators Yes

Additional Details

Office Units 28

Amenities

large class rooms
Commercial Kitchen
Gymnasium
social/Dining Hall

Building Details

Year Built 1950
Buildings 1
Stories 3
Listing Agency: Keller Williams Select Realty
Listed By: Leslie J. Racine
Source: Searchhousesnow
Added: Aug 23 Changed: Aug 31 Last Checked: Aug 31 at 6:57PM

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 Keller Williams Select Realty

Investment Insights

Based on property information with market context.

Built in 1950, this three-story office building contains 28 offices and 34 classrooms, along with a commercial kitchen, gymnasium, social and dining hall, elevator, and air conditioning. The varied configuration supports office, educational, medical, and other specialty applications identified for the property. Residential-Multi-Family zoning is in place.

The building also includes limited on-site parking. Its combination of office rooms, classroom areas, assembly space, food-service infrastructure, and recreational facilities provides a substantial existing framework for an organization seeking multiple functional areas within one property.

Key Highlights

  • Three‑story office building with 28 offices and 34 classrooms
  • Commercial kitchen, gymnasium, and social and dining hall
  • Elevator and air conditioning

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Building Supply Kitchen & Bath Showroom HVAC 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

28
Office units

Location Intelligence

Trade Area within ½ mile

295
Businesses Nearby

Demographics for 55412, MN

23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Office building - Specialty office property with classrooms, shared amenity spaces, elevator access, and limited on-site parking.
Where is this office building located?
The property is located at 4021 Thomas Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $4,399,000.
What are key features of this property?
This property features: Three‑story office building with 28 offices and 34 classrooms; Commercial kitchen, gymnasium, and social and dining hall; Elevator and air conditioning
More about this property
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