4251 Nicollet Avenue, Minneapolis, MN 55409 (MLS# 7140839)

4251 Nicollet Avenue, Minneapolis, MN 55409

$1,150,000

Property Type: Commercial Square Footage: 6,696 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $1,150,000 List Date: 9/23/2026 Last Modified: 9/23/2026

Overview

Description

Rare Kingfield office/retail building for sale in a highly desirable South Minneapolis location at Nicollet Avenue and 43rd Street. Beautifully renovated in 2021–2022, the property presents an excellent opportunity for an investor, 1031 exchange buyer, or owner/user. The building is currently owner-occupied and will be vacated at closing. The 6,696-square-foot building includes 3,348 square feet on the main level and a full 3,348-square-foot basement. The turn-key main level is currently built out as a modern real estate office featuring abundant natural light, five private offices, two conference rooms, a large open workspace, flex space, a kitchen, a restroom, and collaborative work areas. The partially finished lower level provides substantial additional space for storage, work areas, and a workout room. The main level could potentially be divided into two suites utilizing the two existing storefront entrances and interior garage-style doors that provide a natural separation betw ... (Read more) Rare Kingfield office/retail building for sale in a highly desirable South Minneapolis location at Nicollet Avenue and 43rd Street. Beautifully renovated in 2021–2022, the property presents an excellent opportunity for an investor, 1031 exchange buyer, or owner/user. The building is currently owner-occupied and will be vacated at closing. The 6,696-square-foot building includes 3,348 square feet on the main level and a full 3,348-square-foot basement. The turn-key main level is currently built out as a modern real estate office featuring abundant natural light, five private offices, two conference rooms, a large open workspace, flex space, a kitchen, a restroom, and collaborative work areas. The partially finished lower level provides substantial additional space for storage, work areas, and a workout room. The main level could potentially be divided into two suites utilizing the two existing storefront entrances and interior garage-style doors that provide a natural separation between the spaces. Four dedicated parking stalls are located directly behind the building with convenient alley access. Recent improvements include a 19.6 kW rooftop solar system installed in 2025, consisting of 43 solar panels with Enphase inverters and estimated annual production of approximately 23,635 kWh. Additional building improvements include a roof installed in 2002, HVAC installed in 2007, a storage and restroom addition completed in 2007, and a major office renovation completed by the current owner in 2021–2022. The property’s flexible CM2 Corridor Mixed-Use zoning accommodates a broad range of retail, office, service, residential, and mixed-use opportunities. Its Kingfield location is surrounded by dense residential neighborhoods, restaurants, neighborhood retail, apartments, and everyday amenities. Approximately 24,329 residents with an average household income of $140,183 live within one mile, while Nicollet Avenue carries approximately 6,871 vehicles per day, providing consistent visibility and exposure.

Listing Details MLS# 7140839

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 4
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1908
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 3348
For Sale or Lease: For Sale
Acres: 0.12
Lot Dimensions: 40x126
Assessment Pending: No

Property Features

Accessible: No Stairs External Air Conditioning: Central Air Basement: Concrete Block; Full; Partially Finished; Storage Space CMU Style: Freestanding; Mixed Use; Office; Retail/Shopping Center Construction Status: Previously Owned Current Use: Commercial; Office; Professional Service; Retail; Vacant Exterior: Brick/Stone Flooring: Wood Foundation: Concrete Block; Poured Concrete Fuel: Natural Gas; Solar Heating: Forced Air Lock Box Type: None On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Uncovered/Open Potential Use: Income; Office; Restaurant; Retail Roof: Age Over 8 Years Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: Inspection
ListPrice: 1150000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 4251
Street Name: Nicollet
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55409
Complex/Dev/Subdivision: William Bernsteins 1st Add

Assessments

Tax With Assessments: 21498.1

Building Information

Building Finished SqFt: 6696
Building SqFt: 6696

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Power Production

Annual Power Production Status: Estimated
Power Production Size: 23635
Power Production Type: Solar
Year Installed: 2025

Public Survey Info

Range#: 24
Section#: 10
Township#: 28

Sale Options

Sale Includes: Building, Land

Unit Details

Total Units: 2

Listing Office: RE/MAX Results

Last Updated: September - 23 - 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.

4251 Nicollet Avenue, Minneapolis, MN 55409 (MLS# 7140839)