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$2,000,000

  • For Sale
  • Active
  • Commercial
  • 13,789 Sq. Ft.
  • 0.87 Acres
See This Home
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See This Home
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Embrace this rare opportunity to own a distinguished Park Avenue Georgian Revival mansion located along the iconic "Golden Mile" in Minneapolis. Encompassing more than 13,000 square feet, the property at 2318 Park Avenue is zoned BFI3/RM3 and is situated within the vibrant Phillips West neighborhood, approximately 1.5 miles from the Minneapolis central business district. The property also lies within a designated Minnesota Opportunity Zone, offering potential tax advantages for qualified investors. Currently utilized as office space for a nonprofit organization, the building offers exceptional flexibility with 34 private offices of varying sizes and numerous stately common and collaboration areas well suited for professional, institutional, or adaptive reuse purposes. All four finished floors are accessible via elevator, providing seamless vertical circulation throughout the building. The grand main entrance makes a lasting impression, featuring black-and-white marble flooring and an elegant spiral staircase that underscores the property's historic character and architectural significance. Situated on a fenced 0.87-acre parcel, the grounds include lush, irrigated lawns, two patio areas ideal for outdoor gatherings, and 29 surface parking spaces. A detached, heated four-car garage with an integrated workshop further enhances the property's functionality, making this an exceptional offering for an owner-user or investor seeking a landmark asset with proximity to downtown Minneapolis.

Full Property Details for 2318 Park Ave

General

  • Price: $2,000,000
  • Taxes: $52,761 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6824408
  • Updated: 12/16/2025
  • Added to Site: 107 day(s) ago

Interior

  • Flooring: Carpet, Marble, Wood

Additional Information

  • Amenities: Hardwood Floors, Multiple Phone Lines, In-Ground Sprinkler

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Garage: Yes
  • Garage Description: 24 x 50
  • Garage Spaces: 4
  • Parking Features: Detached Garage, Asphalt, Finished Garage, Heated Garage, Paved Lot, Open

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: G N Merriams Add
  • Neighborhood: 63
  • Driving Directions: Franklin to Park Avenue, South to property - park in lot on property.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Baseboard, Steam
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Egress Window(s), Finished, Full
  • Foundation Size: 3922
  • Roof: Age Over 8 Years, Flat
  • Ceiling Height: Varied Heights
  • Disability Access: Accessible Elevator Installed, Wheelchair Ramp(s)
  • Square Feet: 13,789
  • Finished Down/Base.: 13,789 Sq. Ft.
  • Current Bldg. Use: Office
  • Year Built: 1923

Lot Features

  • Lot Size (Acres): 0.87
  • Lot Dimensions: 146 x 258
  • Frontage: City Street, Sidewalks, Street Lights
  • Potential Use: Office, Other
  • Zoning: Business/Commercial
  • Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage
  • Fencing (Description): Partial

Financial Considerations

  • Tax Amount: $52,761
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: BLOCK 002 G N MERRIAMS ADDN TO MPLS S 25FT OF LOT 9 ALL OF LOTS 10 11 12 AND 13 AND THE S 25 FT TO LOT 14 LOTS 9 TO 14
  • Inclusions: Building, Land
  • Property ID: 3502924220017

Listed by Edina Realty, Inc.

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— 2318 Park Ave —

  • Edina Realty, Inc.

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 2318 Park Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/15/2025
Listed
$2,000,000
110.53%
MLS
2/26/2010
Sold
$950,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2318 Park Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$56,906
12%
$1,640,000
-3%
2023
$50,598
10%
$1,687,100
15%
2023
$45,946
—
$1,467,000
10%
2023
$45,946
7%
$1,333,800
7%
2020
$43,023
-3%
$1,246,500
—
2019
$44,517
9%
$1,246,500
10%
2018
$40,876
-1%
$1,133,000
3%
2017
$41,453
-5%
$1,100,000
—
2016
$43,837
7%
$1,100,000
12%
2015
$41,114
-5%
$979,000
—
2014
$43,065
1%
$979,000
—
2013
$42,711
—
$979,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Edina Realty, Inc.

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2318 Park Avenue, Minneapolis, MN 55404 (MLS# 6824408) is a Commercial property. 2318 Park Avenue is currently listed for $2,000,000 and was received on December 15, 2025. Want to learn more about 2318 Park Avenue? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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