Minneapolis, MN 55404 2318 1st Avenue S

Presented By: Keller Williams Realty Integrity
  • MLS# 6782793
  • 09/03/2025
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  • SQFT • 6,009

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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 accounting firm) now relocated, the property is move-in ready or available for immediate redevelopment or lease-up strategy. Located just steps from Eat Street, the Minneapolis Institute of Art, and Midtown Global Market, this property sits within one of the city’s most vibrant and transit-connected neighborhoods. The strong surrounding tenant mix, bike and bus accessibility, and proximity to downtown create a high-demand environment for professional users and long-term investment stability. Investment Highlights: - 6,009 SF brick building (approx. 4,862 SF finished) on a corner lot - RM3/BFI3 zoning – ideal for office, residential, or institutional uses - 3 separate entrances for multi-tenant or flexible layouts - 9 off-street parking stalls – rare in core Minneapolis - Solid 1920 construction with timeless architectural appeal - Vacant and ready for occupancy, repositioning, or redevelopment - Surrounded by high-demand cultural and commercial amenities - Located in a strong rental and employment corridor near downtown 2318 1st Ave S represents a smart acquisition for investors seeking a versatile, centrally located asset with multiple upside paths—whether through adaptive reuse, multi-tenant office leasing, or future residential conversion.
Presented By: Keller Williams Realty Integrity

Interior Features for 2318 1st Avenue S

Other Interior Features

BasementFull, Concrete, Partially Finished
Basement (Y/N)Yes
Foundation Dimensions42x42
FuelNatural Gas
Garage Square Feet

General for 2318 1st Avenue S

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CoolingWindow Unit(s)
CountyHennepin
Current UseProfessional/Office, Office
DirectionsE 22nd Street, take left at alley and park in back of building
Garage Spaces
HeatingBaseboard, Hot Water, Radiant
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total2
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer - In Street
Standard StatusActive
Subdivision NameRemingtons Sub Ne 1/4 34-29-24
Tax Annual Amount19764
Tax Year2025
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1920
Zoning DescriptionBusiness/Commercial, Residential-Multi-Family

Exterior for 2318 1st Avenue S

Building Area Total6009
Foundation Area1764
InclusionsBuilding
Lot Dimensions60x125
Lot FeaturesPublic Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
Lot Size Area0.17
Parking FeaturesAsphalt, Guest Parking, Parking Lot, Paved Lot, Unassigned
Road Frontage TypeCity Street, Curbs, Sidewalks, Street Lights, Storm Sewer
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $600,000
MLS#6782793
List Date 09/03/2025
Property Type Commercial
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