For Sale: Minneapolis MLS# 6824408
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Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,000,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1923
State:
MN
Property Style:
Other
Zip Code:
55404
Neighborhood/Area:
63
Subdivision Name:
G N Merriams Add
Interior
Bedrooms:
0
Bathrooms:
0
Ceiling Height:
Varied Heights
Flooring:
Carpet, Marble, Wood
Basement Details:
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Three Or More
Garage Spaces:
4
Garage Dimensions:
24x50
Air Conditioning:
Central Air
Foundation Size:
3,922 ft2
Fencing:
Partial
Handicap Accessible:
Accessible Elevator Installed, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Steam
Parking Features:
- Asphalt
- Detached Garage
- Finished Garage
- Heated Garage
- Open
- Paved Lot
Unit Amenities:
- Hardwood Floors
- In-Ground Sprinkler
- Multiple Phone Lines
Road Frontage:
- City Street
- Sidewalks
- Street Lights
Pool:
None
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
0.87
Geolocation:
44.959486, -93.265812
Inclusions:
Building, Land
Lot Dimensions:
146 x 258
Zoning:
Business/Commercial
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
558
District Phone:
6126680000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$52,761
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$56,906
Units
Total Units:
1
Miscellaneous
Current Use:
Office
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.