4021 Thomas Avenue N, Minneapolis, MN 55412

$4,990,000
Property Type: Commercial Lot Size (sq. ft.): 78,844 Status: Active
Current Price: $4,990,000 List Date: 2/17/2026 Last Modified: 5/27/2026

Overview

Description

Specialty Building offering three floors of offices, large class rooms, Commercial Kitchen, Gymnasium, social/Dining Hall elevator Air-Conditioned, and limited on-site parking. The seller states since purchase over $1M has bee invested in the building. With 28 offices and 34 class rooms, this specialty building offers several creative uses from office use, Education, Charter School, Medical use, transformation into housing, etc. Ideally this building wood be ideal for a 55+ Community being able to house in individual apartments and offer meals being served in the dinning hall. Support business's including clinic, Dentist, Social/Counselor, Barber shop and Hair Saloon, small convenience store, community Garden, outdoor patio, small movie theater, exercise room, craft room and Library, etc. How about an indoor Pickle Ball Court? Great potential and a start to an already well kept facility.

Listing Details MLS# 7022923

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
24
Owner Occupied
No
Waterfront Present
No
Year Built
1950
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
28275
For Sale or Lease
For Sale
Acres
1.81
Lot Dimensions
266x296
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: Accessible Elevator Installed; Partially Wheelchair CMU Style: Freestanding; Office; Other Construction Status: Previously Owned Current Use: Commercial; Office; Other Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Steam On Site Utilities: Electric Common Parking Characteristics: Parking Lot; Paved Lot; Unassigned Potential Use: Diversified; Office; Other; Professional Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
4990000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
4021
Street Name
Thomas
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
R 24 W

Assessments

Assessment Balance
9077
Tax With Assessments
9077

Building Information

Building Finished SqFt
48855

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
05
Township#
29

Sale Options

Sale Includes
Building, Land, Leases

Unit Details

Total Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
UNPLATTED SE 1/4 OF SE 1/4 OF SW 1/4 OF NE 1/4 EX ST
Listing City
Minneapolis
Map Page
92
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
1506
Property ID Number
0502924130012
Tax Year
2025
Tax Amount
0
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Specialty Building offering three floors of offices, large class rooms, Commercial Kitchen, Gymnasium, social/Dining Hall elevator Air-Conditioned, and limited on-site parking. The seller states since purchase over $1M has bee invested in the building. With 28 offices and 34 class rooms, this specialty building offers several creative uses from office use, Education, Charter School, Medical use, transformation into housing, etc. Ideally this building wood be ideal for a 55+ Community being able to house in individual apartments and offer meals being served in the dinning hall. Support business's including clinic, Dentist, Social/Counselor, Barber shop and Hair Saloon, small convenience store, community Garden, outdoor patio, small movie theater, exercise room, craft room and Library, etc. How about an indoor Pickle Ball Court? Great potential and a start to an already well kept facility.
Directions
Highway #100 , Southeast on Brooklyn Blvd (Turns into Osseo Rd.), Right (West) on 45th. Ave. N., South on N. Sheridan Ave., Right (West) one block to Thomas, Right (South) to property.

Accessible

Accessible Elevator Installed
Yes
Partially Wheelchair
Yes

Construction Status

Previously Owned
Yes

Exterior

Stucco
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Steam
Yes

Parking Characteristics

Parking Lot
Yes
Paved Lot
Yes
Unassigned
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes

CMU Style

Freestanding
Yes
Office
Yes
Other
Yes

Current Use

Commercial
Yes
Office
Yes
Other
Yes

Potential Use

Diversified
Yes
Office
Yes
Other
Yes
Professional
Yes
IDX
Listing Office: Keller Williams Select Realty
Last Updated: May - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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