, Minneapolis, MN 55404 (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: 1875000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

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
Alarms: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24x50
Finished Garage: Yes
Heated Garage: Yes
Paved Lot: Yes
Uncovered/Open: Yes

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

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: BLOCK 002 G N MERRIAMS ADDN TO MPLS S 25FT OF LOT 9 ALL OF LOTS 10 11 12 AND 13 AND THE S 25 FT TO LOT 14 LOTS 9 TO 14
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Property ID Number: 3502924220017
Tax Year: 2025
Tax Amount: 52761
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Franklin to Park Avenue, South to property - park in lot on property.

Accessible

Accessible Elevator Installed: Yes
Wheelchair Ramp: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Hardwood Floors: Yes
In-Ground Sprinkler: Yes
Multiple Phone Lines: Yes

Assumable Loan

Not Assumable: Yes

Basement

Egress Windows: Yes
Full: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Fencing

Partial: Yes

Flooring

Carpet: Yes
Marble: Yes
Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Steam: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Patio, Porch and Deck Features

Patio: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Sidewalks: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Flat: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Topography

Level: Yes

Wall Description

Drywall: Yes
Finished: Yes
Plaster: Yes

Water

City Water/Connected: Yes

Window Features

Double Pane Windows: Yes
Insulated Windows: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Office: Yes

Current Use

Office: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Potential Use

Office: Yes
Other: Yes