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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,750,000

Est. payment - /mo

0.87 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision G N Merriams Add

MLS Listing ID 6824408

Year Built 1923

Annual Tax Amount $52,761

Tax Year 2025

Contingent None

Lot Size 0.870 Acres

Lot Dimensions 146x258

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.

Location

State MN

County Hennepin

Zoning Business/Commercial

Rooms

Basement Egress Window(s), Finished, Full

Interior

Heating Baseboard, Steam

Cooling Central Air

Flooring Carpet, Marble, Wood

Inclusions Building, Land

Fireplace No

Exterior

Parking Features Detached Garage, Asphalt, Finished Garage, Heated Garage, Paved Lot, Open

Garage Spaces 4.0

Fence Partial

Pool None

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Flat

Present Use Office

Building

Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light

Story Three Or More

Foundation 3922

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

New Construction false

Schools

School District Minneapolis

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Listed by Nicole Lettner • Edina Realty, Inc.

Nearby School & Business

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2318 Park AVE Minneapolis, MN 55404