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    2105 1St Ave Minneapolis, MN 55404

    For Sale
    $1,100,000

    9,406 SF Vacant Office, Redevelopment Potential

    Property size:
    9,406 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 9,406 square foot Class B office building, located at 2105 1st Ave S in Minneapolis, Minnesota, presents a unique investment opportunity. Currently vacant, the three-story property is ideally suited for redevelopment into multifamily units. Complete architectural plans for this conversion are available from the seller, streamlining the transition process. The building's existing configuration offers ample space for a variety of uses, making it an attractive option for both residential and commercial developers. The asking price is $1,100,000, and the property is available for a 1031 exchange. Situated in Hennepin County, zip code 55404, this property offers excellent access to Minneapolis' vibrant amenities and transportation networks. Financing options may include lease-to-own, contract for deed, conventional financing, or cash purchase. The net rentable square footage is 9,406 square feet, providing significant potential for return on investment. This is a rare chance to acquire a well-located property with substantial redevelopment potential in a thriving market. The property is currently vacant, allowing for immediate occupancy or redevelopment.

    Property Features for 2105 1St Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,406 SF
    Class
    B

    Building Details

    Stories
    3

    HighLights

    • 9,406 SF Class B office building in Minneapolis, MN, available for $1,100,000.
    • Currently vacant, ideal for multifamily conversion; architectural plans available.
    • Located at 2105 1st Ave S, Hennepin County, zip code 55404.
    • 1031 exchange eligible; financing options include lease‑to‑own, contract for deed, conventional financing, and cash.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farm2School Farm School Rural Climate Network Air Conditioning Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.27647976798
    Latitude
    44.9616482305

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    FAQs

    What type of property is this?
    Office Property / Space - 9,406 SF Vacant Office, Redevelopment Potential
    Where is this office property / space located?
    The property is located at 2105 1St Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 9,406 SF Class B office building in Minneapolis, MN, available for $1,100,000.; Currently vacant, ideal for multifamily conversion; architectural plans available.; Located at 2105 1st Ave S, Hennepin County, zip code 55404.
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    Minneapolis, MN 55404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2105 1St Ave Minneapolis, MN 55404
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