2318 Park Avenue, Minneapolis, MN 55404
$1,750,000
Property Type:
Commercial
Square Footage:
13,789
Lot Size (sq. ft.):
37,897
Status:
Active
Current Price:
$1,750,000
List Date:
6/05/2026
Last Modified:
8/18/2026
Overview
Description
...
(Read more)
Embrace this rare opportunity to own a distinguished Park Avenue Georgian Revival mansion located along the iconic “Golden Mile” in Minneapolis. Encompassing more than 13,000 square feet, the property at 2318 Park Avenue is zoned BFI3/RM3 and is situated within the vibrant Phillips West neighborhood, approximately 1.5 miles from the Minneapolis central business district. The property also lies within a designated Minnesota Opportunity Zone, offering potential tax advantages for qualified investors. Currently utilized as office space for a nonprofit organization, the building offers exceptional flexibility with 34 private offices of varying sizes and numerous stately common and collaboration areas well suited for professional, institutional, or adaptive reuse purposes. All four finished floors are accessible via elevator, providing seamless vertical circulation throughout the building. The grand main entrance makes a lasting impression, featuring black-and-white marble flooring and an elegant spiral staircase that underscores the property’s historic character and architectural significance. Situated on a fenced 0.87-acre parcel, the grounds include lush, irrigated lawns, two patio areas ideal for outdoor gatherings, and 29 surface parking spaces. A detached, heated four-car garage with an integrated workshop further enhances the property’s functionality, making this an exceptional offering for an owner-user or investor seeking a landmark asset with proximity to downtown Minneapolis.
Listing Details MLS# 6824408
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Other Parking Spaces
- 29
- Owner Occupied
- Yes
- Waterfront YN
- No
- Year Built
- 1923
- Yearly/Seasonal
- Yearly
- Zoning
- Business/Commercial
- Foundation Size
- 3922
- Garage Stalls
- 4
- For Sale or Lease
- For Sale
- Acres
- 0.87
- Lot Dimensions
- 146x258
- Assessment Pending
- No
Property Features
Accessible:
Accessible Elevator Installed; Wheelchair Ramp
Air Conditioning:
Central Air
Amenities Unit:
Hardwood Floors; In-Ground Sprinkler; Multiple Phone Lines
Assumable Loan:
Not Assumable
Basement:
Egress Windows; Full
CMU Style:
Office
Construction Status:
Previously Owned
Current Use:
Office
Exterior:
Brick/Stone
Fencing:
Partial
Flooring:
Carpet; Marble; Wood
Foundation:
Concrete Block
Fuel:
Natural Gas
Heating:
Baseboard; Steam
Loan Terms:
Cash; Conventional
Lot Description:
Public Transit (w/in 6 blks); Tree Coverage - Light
Miscellaneous Information:
Alarms
On Site Utilities:
Electric Common; Heating Common; Hot Water Common
Parking Characteristics:
Finished Garage; Heated Garage; Paved Lot; Uncovered/Open
Pool Description:
None
Potential Use:
Office; Other
Road Frontage:
City Street; Sidewalks; Street Lights
Road Responsibility:
Public Maintained Road
Roof:
Age Over 8 Years; Flat
Sewer:
City Sewer/Connected
Stories:
Three Or More
Topography:
Level
Wall Description:
Drywall; Finished; Plaster
Water:
City Water/Connected
Window Features:
Double Pane Windows; Insulated Windows
Contract Information
- Exclusions
- Furniture is negotiable.
- Contingency
- None
- ListPrice
- 1750000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 2318
- Street Name
- Park
- Street Suffix
- Avenue
- Postal City
- Minneapolis
- County
- Hennepin
- State
- MN
- Zip Code
- 55404
- Complex/Dev/Subdivision
- G N Merriams Add
Assessments
- Assessment Balance
- 25232
- Assessment Installment
- 4144
- Tax With Assessments
- 56906
Building Information
- Building Finished SqFt
- 12953
- Building SqFt
- 13789
- Ceiling Height
- Varied Heights
More Information
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Dimensions
- 24x50
Public Survey Info
- Range#
- 24
- Section#
- 35
- Township#
- 29
Sale Options
- Sale Includes
- Building, Land
Unit 1
- Unit Number
- Yes
- Leased?
- No
Unit Details
- Total Units
- Yes
Listing Office:
Edina Realty, Inc.
Last Updated: August - 18 - 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.
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