2318 1st Avenue South Professional Building — Sale in Minneapolis, MN

  • Price: $600K
  • Listing type: For sale
  • Asset type: Office
  • Location: Minneapolis, MN 55404

Description

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. Listing Type: FOR SALE

Market Context

This office in Minneapolis, MN is listed for sale at $600,000. It has been on the market for 71 days. Compare it against other office listings for sale in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis office market showed average asking rents near $29.92/SF/yr, and cap rates around 12.1%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Minneapolis?
About 12.1% as of Q1 2026, per multiple brokerage reports.

Contact

Explore this market

Similar Office for Sale in Minneapolis, MN