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2220 Riverside Ave 122,378 SF Office Building Minneapolis, MN 55454 For Sale
Investment Highlights
- Close proximity to Interstate 35W and I-94.
- Synergistic use of adjacent parking ramp.
- Property is land leased through 10/23/2049 with 10 year extension.
- Adjacent to M Health Fairview Campus and Augsburg University.
- Within minutes of downtown Minneapolis and St. Paul.
Executive Summary
Professional and medical office building completed in 1990.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$289,918
|
$2.37
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$289,918
|
$2.37
|
Financial Summary (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $289,918 |
| Annual Per SF | $2.37 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $289,918 |
| Annual Per SF | $2.37 |
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
122,378 SF
Building Class
B
Year Built
1990
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
18,595 SF
Slab To Slab
12’6”
Building FAR
2.38
Lot Size
1.18 AC
Opportunity Zone
Yes
Zoning
OR3
Parking
500 Spaces (5.38 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Skyway
1 1
Walk Score®
Very Walkable (80)
Transit Score®
Excellent Transit (71)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | 25-029-24-31-0096 | Total Assessment | $9,600,000 (2024) |
| Land Assessment | $957,300 (2024) | Annual Taxes | $289,918 ($2.37/SF) |
| Improvements Assessment | $8,642,700 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
25-029-24-31-0096
Land Assessment
$957,300 (2024)
Improvements Assessment
$8,642,700 (2024)
Total Assessment
$9,600,000 (2024)
Annual Taxes
$289,918 ($2.37/SF)
Tax Year
2026
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2220 Riverside Ave
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