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$550,000

  • For Sale
  • Active
  • Commercial
  • 0.11 Acres
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Great opportunity for business owner and/or entreprenuer with possibilities to rent additional space / offices. Opportunities are endless. Check out the space to determine if it will fit your commercial needs - opportunities include: Office warehouse, gathering space, classroom, sales room, studio, showroom, meeting hall, GYM, Adult Daycare, Clinic, sewing workshop, factory, e-commerce, beauty salon, spa, and so many more!

Full Property Details for 2942 Oakland Ave

General

  • Price: $550,000
  • Taxes: $9,975 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7010585
  • Updated: 1/26/2026
  • Added to Site: 38 day(s) ago

Interior

  • Flooring: Concrete Slab

Parking

  • Parking Features: Parking Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Wood & Smith Sub Lt 1 Emersons Add
  • Neighborhood: 63
  • Driving Directions: Lake St to Oakland, North to Building

School Information

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

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Electric

Utilities

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

Structural Information

  • Basement: Yes
  • Foundation Size: 2710
  • Roof: Age 8 Years or Less, Rubber
  • Disability Access: None
  • Current Bldg. Use: Event Space, Office, Professional Service
  • Year Built: 1953

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 41 x 118
  • Frontage: City Street
  • Zoning: Business/Commercial
  • Lot Description: Public Transit (w/in 6 blks)
  • Fencing (Description): Chain Link

Financial Considerations

  • Tax Amount: $9,975
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: LOT 004 BLOCK 002 WOOD & SMITH SUBD LOT 1 EMERSONS ADDN
  • Inclusions: Building
  • Property ID: 3502924330162

Listed by eXp Realty

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— 2942 Oakland Ave —

  • eXp Realty

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NMLS#: 1598647

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

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 2942 Oakland Ave

School District:Minneapolis Public School District
NameGradesDistance
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.5 mi
Whittier International
315 West 26th St, Minneapolis, MN 55404
PK-50.9 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2942 Oakland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/26/2026
Listed
$550,000
655.56%
MLS
1/22/2010
Sold
$72,794
—
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 2942 Oakland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,646
13%
$355,000
5%
2023
$9,407
12%
$338,100
15%
2023
$8,423
—
$294,000
15%
2023
$8,423
903%
$256,000
100%
2019
$840
551%
100%
2018
$129
—
—
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 eXp Realty

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2942 Oakland Avenue, Minneapolis, MN 55407 (MLS# 7010585) is a Commercial property. 2942 Oakland Avenue is currently listed for $550,000 and was received on January 26, 2026. Want to learn more about 2942 Oakland Avenue? Do you have questions about finding other Commercial real estate for sale in Phillips? You can browse all Phillips real estate or contact a Coldwell Banker agent to request more information.

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