901 23rd Avenue NE
Minneapolis, MN, 55418 $ 815,000
Bedrooms-- Baths-- Sq 4,864 Monthly Estimate*
$ 5,629
for $815,000. This 4,864 square foot building was built in 1954 on a lot size of 0.16.
A rare opportunity to own a high-performance, Passive House-inspired office building in a prime Northeast Minneapolis location. Thoughtfully renovated with a focus on energy efficiency, building science, and flexible functionality, this distinctive commercial property offers an ideal combination of modern workspace, adaptable tenant configurations, and future redevelopment potential. Located in the heart of Northeast Minneapolis, the property offers convenient access to one of the city's most vibrant and eclectic neighborhoods. Northeast is known for its thriving arts and creative community, independent businesses, restaurants, breweries, coffee shops, galleries, and neighborhood amenities. The location provides an attractive environment for businesses looking to be part of an established urban community while maintaining convenient access to downtown Minneapolis and major transportation routes. The property is zoned CM1 – Community Mixed Use, providing a flexible zoning designation designed to accommodate a range of commercial and mixed-use opportunities, subject to applicable city regulations, approvals, and permitting. The main level is designed as two separate office suites, creating flexibility for an owner-user, multi-tenant investment, or an owner who occupies one space while leasing the other. The north suite features an open workspace and three private offices, while the south suite includes four private offices. Shared amenities include a large conference room, kitchen, and ADA-accessible half bath. The property also includes an on-site parking lot with approximately 8–10 spaces and a rain garden. The lower level provides additional flexibility with its own exterior access, kitchen space, and bathroom with potential to add a shower. The space could be finished to expand the building's usable footprint and may offer potential for additional office, studio, creative, or income-producing uses, subject to zoning and permitting. Energy-efficient features include a super-insulated, airtight building envelope; Passive House windows with triple-pane glazing; motorized exterior shading; and a whole-building, balanced enthalpy heat-recovery ventilation system designed to provide fresh air while maximizing efficiency. Heating is provided by a high-efficiency natural gas furnace, with an electric heat pump for cooling and electric on-demand hot water heating. The property may also offer potential for live/work or residential conversion, subject to zoning approval, permitting, and applicable regulations. With its efficient building systems, flexible two-suite main-level layout, multiple private offices, lower-level access, ample parking, mixed-use zoning, and highly desirable Northeast Minneapolis location, this property presents a compelling opportunity for an owner-user, investor, or buyer seeking a unique commercial asset in one of Minneapolis's most dynamic neighborhoods.
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FeaturesGeneralSewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Age Over 8 Years
Garage Spaces 0
Construction Materials Brick
Year Built 1954
Levels One
Tax Year 2025
Current Use Office
Accessibility Other
County Hennepin
Insurance Expense 2761
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 0
Subdivision Name Wilsons Rgt Blks East Side Add
Possible Use Office Other Professional Service Restaurant Retail Shop Warehouse Diversified Wholesale Grocery
Directions Central Avenue N to 23rd Avenue - turn left to property
City Minneapolis
High School District Minneapolis
Zoning Description Business/Commercial Residential-Multi-Family Other Residential-Single Family
Number Of Units Total 2
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 22695
Electric Expense 2121
Fuel Expense 962
Trash Expense 528
Water Sewer Expense 1481
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors
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InteriorBasement Owner Access Partially Finished Shared Access Single Tenant Access Storage Space Unfinished
Basement (Y/N) Y
Total Bedrooms 0
Total Baths 0
Ceiling Height 8-10
Fuel Natural Gas
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
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ExteriorParking Features Asphalt Paved Lot
Lot Features Irregular Lot
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.16
Building Area Total 4864
Lot Dimensions 87x80
Waterfront Y/N N
Foundation Area 2432
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* Excluded FeaturesList Byjaclyn.gavzy@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,629
- Monthly Property Taxes
- $1,891
- 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.
Learn more about how to save NearbyCommerical listings in Minneapolis, MN
Average List Price $1,095,414
Percent of Sale Price 34%
About Minneapolis, MN 417,625 Population
9% Since 2002
$ 56,777 Median Income
35.08 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $815,000 | | Listed Price |