# 2318 1st Avenue S, Minneapolis, MN 55404

> **TL;DR:** commercial, $600,000, built 1920. Est. $2,600/mo. Listed 219 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $600,000 |
| Year Built | 1920 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 219 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,600 |
| **Total** | **$2,600** |

## Property Highlights

- Built in 1920
- 0.17 acre lot

## Description

### Agent Description
Prime RM3 Investment Opportunity – 2318 1st Ave S, Minneapolis.

Position your portfolio for success with this 6,009 SF multi-use commercial property in the heart of Minneapolis. Built in 1920 and situated on a prominent corner lot, this property offers the rare combination of historic architecture, flexible zoning, and strong location fundamentals—a winning formula for investors and owner-users alike.

Currently configured as professional office space, the building features three separate entrances across three floors plus a lower level, allowing for multi-tenant use or conversion to mixed-use, residential, or institutional operations. The RM3/BFI3 zoning supports a broad range of uses including large-scale dwellings, professional offices, and major institutional tenants, giving investors a flexible foundation for future growth or repositioning.

Nine off-street parking stalls—a rare urban luxury—enhance accessibility and tenant appeal. With the previous owner (a long-standing accounting firm) now relocated, the property is move-in ready or available for immediate redevelopment or lease-up strategy.

Located just steps from Eat Street, the Minneapolis Institute of Art, and Midtown Global Market, this property sits within one of the city’s most vibrant and transit-connected neighborhoods. The strong surrounding tenant mix, bike and bus accessibility, and proximity to downtown create a high-demand environment for professional users and long-term investment stability.

Investment Highlights:

- 6,009 SF brick building (approx. 4,862 SF finished) on a corner lot
- RM3/BFI3 zoning – ideal for office, residential, or institutional uses
- 3 separate entrances for multi-tenant or flexible layouts
- 9 off-street parking stalls – rare in core Minneapolis
- Solid 1920 construction with timeless architectural appeal
- Vacant and ready for occupancy, repositioning, or redevelopment
- Surrounded by high-demand cultural and commercial amenities
- Located in a strong rental and employment corridor near downtown

2318 1st Ave S represents a smart acquisition for investors seeking a versatile, centrally located asset with multiple upside paths—whether through adaptive reuse, multi-tenant office leasing, or future residential conversion.

## Location

- **Address:** 2318 1st Avenue S, Minneapolis, MN 55404
- **County:** Hennepin
- **Neighborhood:** Remingtons Sub Ne 1/4 34-29-24
- **Coordinates:** 44.959359, -93.276907
- **Google Maps:** https://www.google.com/maps?q=44.959359,-93.276907

## Listing Agent

- **Name:** Nicoli Holm
- **Brokerage:** Keller Williams Realty Integrity
- **Phone:** 6122866813
- **Email:** nicoli@nicoliholm.com

## Primary Photo

![2318 1st Avenue S - Primary Photo](http://lh.rdcpix.com/fa0aa7c5ffcf56b599b0c331efb296del-f1183964951r.jpg)

*67 total photos available on [listing page](https://www.propertysimple.com/listing/2318-1st-avenue-s-minneapolis-mn-55404-6782793)*

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**MLS#:** 6782793 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2318-1st-avenue-s-minneapolis-mn-55404-6782793)

---

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