For Sale Commercial MLS# 6824408

2318 Park Avenue

Minneapolis, MN 55404

$1,750,000

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About 2318 Park Avenue

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.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1923
Stories
Three Or More
Living area
13,789 sqft
Price / sqft
$127
Lot
0.87
Original price
$2,000,000
MLS #
6824408

Interior

Features
Central Air, Baseboard, Steam, Egress Window(s), Finished, Full, Carpet, Marble, Wood
Flooring
Carpet, Marble, Wood
Heating
Baseboard, Steam
Cooling
Central Air
Windows
Double Pane Windows, Insulated Windows

Exterior & lot

Features
Stone, Detached Garage, Asphalt, Finished Garage, Heated Garage, Paved Lot, Open
Construction
Three Or More, Block, Age Over 8 Years, Flat, Double Pane Windows, Insulated Windows
Roof
Age Over 8 Years, Flat
Foundation
Block
Lot
3502924220017, Partial, Level, Office
Fence
Partial
Parking
Detached Garage, Asphalt, Finished Garage, Heated Garage, Paved Lot, Open
Garage spaces
4

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Common, Heating Common, Hot Water Common
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$52,761
Tax year
2025
Parcel
3502924220017

Location

Subdivision
G N Merriams Add
County
Hennepin
Neighborhood
Phillips West
Community
Hennepin, City Street, Sidewalks, Street Lights, northstar, Minneapolis
Directions
Franklin to Park Avenue, South to property - park in lot on property.

Location

Neighborhood
Phillips West
Subdivision
G N Merriams Add
School district
Minneapolis Public School District

Ask about this property

Questions on 2318 Park Avenue, Minneapolis, MN 55404, or want to see it in person?

Listed by Nicole A. Lettner, Edina Realty, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.