2318 1st Avenue S, Minneapolis, MN 55404 (MLS# 7094590)

2318 1st Avenue S, Minneapolis, MN 55404

$600,000
Property Type: Commercial Square Footage: 6,009 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $600,000 List Date: 6/17/2026 Last Modified: 9/02/2026

Overview

Description

Prime RM3 Investment Opportunity – 2318 1st Ave S, Minneapolis. Position your portfolio for success with this 6,009 SF multi-use commercial property in the heart of Minneapolis. Built in 1920 and situated on a prominent corner lot, this property offers the rare combination of historic architecture, flexible zoning, and strong location fundamentals—a winning formula for investors and owner-users alike. Currently configured as professional office space, the building features three separate entrances across three floors plus a lower level, allowing for multi-tenant use or conversion to mixed-use, residential, or institutional operations. The RM3/BFI3 zoning supports a broad range of uses including large-scale dwellings, professional offices, and major institutional tenants, giving investors a flexible foundation for future growth or repositioning. Nine off-street parking stalls—a rare urban luxury—enhance accessibility and tenant appeal. With the previous owner (a long-standing ...

Listing Details MLS# 7094590

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
9
Waterfront YN
No
Year Built
1920
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
1764
For Sale or Lease
For Sale
Acres
0.17
Lot Dimensions
60x125
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Window Unit(s) Basement: Full; Partially Finished CMU Style: Apartments and Retail; Apartments/Multi Family; Low Rise; Mixed Use Construction Status: Previously Owned Current Use: Business Service; Office Exterior: Brick/Stone Flooring: Carpet; Tile; Wood Foundation: Poured Concrete Fuel: Natural Gas Heating: Baseboard; Hot Water; Radiant Lot Description: Corner Lot; Public Transit (w/in 6 blks); Tree Coverage - Medium On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Paved Lot; Unassigned Road Frontage: City Street; Curbs; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Sewer: City Sewer - In Street Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
600000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2318
Street Name
1st
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
Remingtons Sub Ne 1/4 34-29-24

Assessments

Tax With Assessments
19764

Basement

Foundation Dimensions
42x42

More Information

Building Information

Building Finished SqFt
4862
Building SqFt
6009

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
34
Township#
29

Sale Options

Sale Includes
Building

Unit Details

Total Units
2
IDX
Listing Office: Keller Williams Realty Integrity
Last Updated: September - 02 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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