For Sale: Minneapolis MLS# 7010675
Active
$815,000
Commercial: 1 Story
Built 1954
0.16 acres
Minneapolis schools
MLS# 7010675
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Property Description
A rare opportunity to own a high-performance, Passive House-inspired office building in a prime Northeast Minneapolis location. Thoughtfully renovated with a focus on energy efficiency, building science, and flexible functionality, this distinctive commercial property offers an ideal combination of modern workspace, adaptable tenant configurations, and future redevelopment potential.
Located in the heart of Northeast Minneapolis, the property offers convenient access to one of the city's most vibrant and eclectic neighborhoods. Northeast is known for its thriving arts and creative community, independent businesses, restaurants, breweries, coffee shops, galleries, and neighborhood amenities. The location provides an attractive environment for businesses looking to be part of an established urban community while maintaining convenient access to downtown Minneapolis and major transportation routes.
The property is zoned CM1 – Community Mixed Use, providing a flexible zoning designation designed to accommodate a range of commercial and mixed-use opportunities, subject to applicable city regulations, approvals, and permitting.
The main level is designed as two separate office suites, creating flexibility for an owner-user, multi-tenant investment, or an owner who occupies one space while leasing the other. The north suite features an open workspace and three private offices, while the south suite includes four private offices. Shared amenities include a large conference room, kitchen, and ADA-accessible half bath. The property also includes an on-site parking lot with approximately 8–10 spaces and a rain garden.
The lower level provides additional flexibility with its own exterior access, kitchen space, and bathroom with potential to add a shower. The space could be finished to expand the building's usable footprint and may offer potential for additional office, studio, creative, or income-producing uses, subject to zoning and permitting.
Energy-efficient features include a super-insulated, airtight building envelope; Passive House windows with triple-pane glazing; motorized exterior shading; and a whole-building, balanced enthalpy heat-recovery ventilation system designed to provide fresh air while maximizing efficiency. Heating is provided by a high-efficiency natural gas furnace, with an electric heat pump for cooling and electric on-demand hot water heating.
The property may also offer potential for live/work or residential conversion, subject to zoning approval, permitting, and applicable regulations.
With its efficient building systems, flexible two-suite main-level layout, multiple private offices, lower-level access, ample parking, mixed-use zoning, and highly desirable Northeast Minneapolis location, this property presents a compelling opportunity for an owner-user, investor, or buyer seeking a unique commercial asset in one of Minneapolis's most dynamic neighborhoods.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$815,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1954
State:
MN
Property Style:
1 Story
Zip Code:
55418
Neighborhood/Area:
33
Subdivision Name:
Wilsons Rgt Blks East Side Add
Interior
Bedrooms:
0
Bathrooms:
0
Ceiling Height:
8-10
Flooring:
Wood
Refrigerators:
None
Basement Details:
- Owner Access
- Partially Finished
- Shared Access
- Single Tenant Access
- Storage Space
- Unfinished
Exterior
Stories:
One
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Air Conditioning:
Central Air
Foundation Size:
2,432 ft2
Handicap Accessible:
Other
Heating System:
Forced Air
Parking Features:
- Asphalt
- Paved Lot
Unit Amenities:
Hardwood Floors
Exterior Material:
Brick
Roof Details:
Age Over 8 Years
Rooms
Shared Rooms:
Other
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.16
Geolocation:
45.011116, -93.248807
Inclusions:
Building
Lot Dimensions:
87 x 80
Zoning:
- Business/Commercial
- Other
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
Irregular Lot
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,121
Annual Fuel Expense:
$962
Annual Insurance Expense:
$2,761
Annual Maintenance Expense:
None
Annual Trash Expense:
$528
Annual Water/Sewer Expense:
$1,481
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$22,695
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$22,695
Units
Total Units:
2
Miscellaneous
Current Use:
Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Compass.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.