2318 Park Avenue Minneapolis, MN $ 1,750,000
2318 Park Avenue
$ 1,750,000
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2318 Park Avenue

Minneapolis, MN, 55404
$ 1,750,000
Bedrooms-- Baths-- Sq 13,789

Monthly Estimate*

$ 12,087

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Commercial Property for sale in Minneapolis, MN

for $1,750,000. This 13,789 square foot building was built in 1923 on a lot size of 0.87.

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.

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Commercial Active

Price

$ 1,750,000

Property Type

Commercial

Taxes

$ 52,761

Style

Lot Size

0.87

Year Built

1923

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6824408

Features
General
Sewer City Sewer/Connected
Heating Baseboard Steam
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Age Over 8 Years Flat
Garage Spaces 4
Pool Features None
Year Built 1923
Topography Level
Levels Three Or More
Tax Year 2025
Current Use Office
Accessibility Accessible Elevator Installed Wheelchair Ramp(s)
County Hennepin
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name G N Merriams Add
Possible Use Office Other
Directions Franklin to Park Avenue South to property - park in lot on property.
City Minneapolis
High School District Minneapolis
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 52761
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors Multiple Phone Lines In-Ground Sprinkler
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Interior
Basement Egress Window(s) Finished Full
Basement (Y/N) Y
Total Bedrooms 0
Total Baths 0
Ceiling Height Varied Heights
Fuel Natural Gas
Garage Dimensions 24x50
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Exterior
Fencing Partial
Parking Features Detached Garage Asphalt Finished Garage Heated Garage Paved Lot Open
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.87
Building Area Total 13789
Lot Dimensions 146x258
Waterfront Y/N N
Foundation Area 3922
Road Frontage Type City Street Sidewalks Street Lights
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 2318
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* Excluded Features
List By
Edina Realty, Inc.

Broker

nicolelettner@edinarealty.com

Email

Affordability Calculator

$16,484
Per Month
73%
27%
0%
Monthly Principal & Interest
$12,087
Monthly Property Taxes
$4,397
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/18/2026$1,750,000 -6.67% Price Down
5/19/2026$1,875,000 -6.25% Price Down
12/16/2025$2,000,000 Listed Price

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2318 Park Avenue, Minneapolis, MN, 55404 is a Commercial Property for sale at $1,750,000 with 13,789 sqft and a lot size of 0.87. 2318 Park Avenue was built in 1923. The property's zip code is 55404 which is in Minneapolis, MN