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Renovated Office Building
For Sale
$550,000

4308 Chicago Avenue, Minneapolis, MN 55407

Two finished levels include open work areas, private offices, reception space, and separate lower-level access.

Property SizeContact for details
Days on Market136

Property Features for 4308 Chicago Avenue

General Information

Standard status Active
Property subtype Commercial
Lease Term []

Amenities

reception area
kitchenette
finished lower level
fenced backyard
Wheelchair Ramp(s)

Building Details

Year Built 1911
Listing Agency: National Realty Guild
Listed By: Jacqueline Sandoval
Source: C21atwood
Added: May 31 Changed: Oct 11 Last Checked: Oct 12 at 8:54PM

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 National Realty Guild

Investment Insights

Based on property information with market context.

Built in 1911, this office building has a main level with open work areas, four individual offices, a reception area, a shared common area, a kitchenette, and a half bathroom. The finished lower level adds another office, a bedroom with an egress window, a kitchenette, and a bathroom. Separate entrances at the front and rear provide access to the lower level.

Building updates include a roof, HVAC equipment, plumbing, and electrical system, along with refreshed flooring, recessed lighting, and bathrooms. The exterior includes a fenced backyard with alley access.

Key Highlights

  • Four individual offices on the main level, plus open work areas and reception space
  • Finished lower level with an office, bedroom with egress window, kitchenette, and bathroom
  • Separate front and rear entrances to the lower level

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Law Firm Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Auto Parts Store Real Estate Agency

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

606
Businesses Nearby

Demographics for 55407, MN

38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two finished levels include open work areas, private offices, reception space, and separate lower-level access.
Where is this office building located?
The property is located at 4308 Chicago Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four individual offices on the main level, plus open work areas and reception space; Finished lower level with an office, bedroom with egress window, kitchenette, and bathroom; Separate front and rear entrances to the lower level
More about this property
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