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2318 S 1st Ave 5,778 SF Office Building Minneapolis, MN 55404 $600,000 ($103.84/SF)
EXECUTIVE SUMMARY
Tons of potential with this 1920's built charmer, located on a corner lot with 3 entrances and ample space to customize your space! Over 6,000 SF on 3 floors (plus lower level), this building allows a variety of possibilities with the RM3 zoning; both residential and institutional/commercial zoning. Parking is not a problem with 9 off-street stalls on this walkable site; centrally located amongst restaurants, bus lines, bike lanes and parks. This is an owner-user or investor opportunity. The current owner, an accounting firm, has moved to their new building.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,778 SF
Building Class
C
Year Built
1920
Price
$600,000
Price Per SF
$103.84
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,889 SF
Slab To Slab
8’7”
Building FAR
0.77
Lot Size
0.17 AC
Zoning
N/Av, Minneapolis
Parking
10 Spaces (1.52 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
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Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 34-029-24-12-0043 | Improvements Assessment | $514,000 |
| Land Assessment | $135,000 | Total Assessment | $649,000 |
PROPERTY TAXES
Parcel Number
34-029-24-12-0043
Land Assessment
$135,000
Improvements Assessment
$514,000
Total Assessment
$649,000
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2318 S 1st Ave
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