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Office Building with Finished Lower Level
For Sale
$550,000

4308 Chicago Avenue, Minneapolis, MN 55407

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.11 Acres
Days on Market67

Property Features for 4308 Chicago Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial, Residential-Single Family
Bedrooms 1
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Basement, Bathroom 1, Bedroom 1
Parking features Covered
Patio and Porch features Patio
Accessibility Accessible Approach with Ramp
Subdivision Higgins 1st Add
Lot features Cleared
High school district Minneapolis
Directions Get on MN-65 3 min (0.8 mi) Take I-35W S to Stevens Ave. Take exit 13 from I-35W S 4 min (3.4 mi) Follow E 46th St to Chicago Ave 4 min (1.0 mi) Destination will be on the left
Standard status Active
APN 1102824320116
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 8213

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1911
Building materials Block, Stone
Roof type Flat
Listing Agency: National Realty Guild
Listed By: Jacqueline Sandoval
Added: Aug 5 Changed: Oct 9 Last Checked: Oct 10 at 1:06AM
MLS# 7119638

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.

At 4308 Chicago Avenue, this office building has a main floor with open work space, four private offices, reception and shared areas, a kitchenette, and a half bathroom. The finished lower level adds another office, a bedroom with an egress window, a kitchenette, and a bathroom. Entry is available from both the front and rear.

Improvements include a replacement roof, HVAC equipment, plumbing, electrical system, flooring, recessed lighting, and bathrooms. The 0.11-acre property also has a fenced rear yard with alley access, a patio, covered parking, and an accessible approach ramp.

Key Highlights

  • Main level includes four offices, open work areas, reception, and shared space
  • Finished lower floor has an office, bedroom with egress window, kitchenette, and bathroom
  • Separate entrances at the front and rear of the building

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
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
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Frequently Asked Questions

What type of property is this?
Office building - The two-level layout combines open work areas, private offices, reception space, and separate entry points.
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: Main level includes four offices, open work areas, reception, and shared space; Finished lower floor has an office, bedroom with egress window, kitchenette, and bathroom; Separate entrances at the front and rear of the building
More about this property
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