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2318 Park Ave 12,953 SF Office Building Minneapolis, MN 55404 $2,753,780 CAD ($212.60 CAD/SF)



INVESTMENT HIGHLIGHTS
- Less than 1.5 miles to Minneapolis CBD with Freeway access to 35W & I94
- Flexible usage with dedicated offices and great common spaces.
- Stunning architecture details and light filled spaces through newer Anderson Windows
EXECUTIVE SUMMARY
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 an owner occupied 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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
12,953 SF
Building Class
B
Year Built/Renovated
1923/2010
Price
$2,753,780 CAD
Price Per SF
$212.60 CAD
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
3,238 SF
Slab To Slab
10’3”
Building FAR
0.35
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
OR2 - BFI3 / Interior 3 Built Form Overlay District
RM3 / Residence and Institutional District
Located in MN Designated Opportunity Zone
Parking
33 Spaces (2.55 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 35-029-24-22-0017 | Improvements Assessment | $1,428,134 CAD |
| Land Assessment | $829,785 CAD | Total Assessment | $2,257,919 CAD |
PROPERTY TAXES
Parcel Number
35-029-24-22-0017
Land Assessment
$829,785 CAD
Improvements Assessment
$1,428,134 CAD
Total Assessment
$2,257,919 CAD
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2318 Park Ave
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