Minneapolis, MN 55406

New Listing
$1,250,000
Property Type: Commercial Square Footage: 10,050 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $1,250,000 List Date: 6/26/2026 Last Modified: 6/26/2026

Overview

Description

This is remarkable opportunity for an owner-user or investor to own a well maintained office building that has tons of potential for its next owner! The current non-profit owner has one smaller tenant in the building; who will vacate upon sale. Ability to keep this as a multi-tenant or single tenant property. Corner lot, standlone building with 14 stall off-street parking lot. PRIME location on Lake Street with ample space on all 3 levels. Elevator, Kitchenette & Conference Room in Lower Level, plus a light-filled main level entrance welcomes your guests and employees.

Listing Details MLS# 7099360

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
2
Owner Occupied
Yes
Waterfront YN
No
Year Built
1957
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3350
Garage Stalls
14
For Sale or Lease
For Sale
Acres
0.24
Lot Dimensions
128X80
Assessment Pending
Unknown

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Central Air Amenities Shared: Elevator(s) CMU Style: Office Construction Status: Previously Owned Current Use: Office; Professional Service Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Free Standing Lock Box Type: None Lot Description: Corner Lot On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Off Site; Paved Lot; Uncovered/Open Potential Use: Income; Office; Other; Professional; Retail Roof: Age Over 8 Years; Flat Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1250000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55406
Complex/Dev/Subdivision
Nesbitts Add

Assessments

Tax With Assessments
307.08
Assessment Balance
0
Assessment Installment
0

Building Information

Building Finished SqFt
10050
Building SqFt
10050

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
31
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
BLOCK 004 NESBITTS ADDN TO MPLS LOTS 15 AND 16
Listing City
Minneapolis
Map Page
107
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
2523
Property ID Number
3102923340100
Tax Year
2026
Tax Amount
307.08
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This is remarkable opportunity for an owner-user or investor to own a well maintained office building that has tons of potential for its next owner! The current non-profit owner has one smaller tenant in the building; who will vacate upon sale. Ability to keep this as a multi-tenant or single tenant property. Corner lot, standlone building with 14 stall off-street parking lot. PRIME location on Lake Street with ample space on all 3 levels. Elevator, Kitchenette & Conference Room in Lower Level, plus a light-filled main level entrance welcomes your guests and employees.
Directions
Lake Street to 37th Avenue, the property is on the North side corner. Off street parking behind building.

Accessible

Accessible Elevator Installed
Yes

Air Conditioning

Central Air
Yes

Amenities Shared

Elevator(s)
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lock Box Type

None
Yes

Lot Description

Corner Lot
Yes

Parking Characteristics

Off Site
Yes
Paved Lot
Yes
Uncovered/Open
Yes

Roof

Age Over 8 Years
Yes
Flat
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Office
Yes

Current Use

Office
Yes
Professional Service
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Free Standing
Yes

Potential Use

Income
Yes
Office
Yes
Other
Yes
Professional
Yes
Retail
Yes
IDX
Listing Office: Commercial Investors Group LLC
Last Updated: June - 26 - 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.