2318 1st Avenue South Professional Building — Sale in Minneapolis, MN

  • Price: $600K
  • Listing type: For sale
  • Asset type: Office
  • Location: Minneapolis, MN 55404
  • Submarket: Minneapolis CBD

Photos

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Description

Tons of potential with this 1920's built charmer, located on a corner lot with 3 entrances and ample space to customize your space! Over 6,000 SF on 3 floors (plus lower level), this building allows a variety of possibilities with the RM3 zoning; both residential and institutional/commercial zoning. Parking is not a problem with 9 off-street stalls on this walkable site; centrally located amongst restaurants, bus lines, bike lanes and parks. This is an owner-user or investor opportunity. The current owner, an accounting firm, has moved to their new building. Listing Type: FOR SALE

Market Context

This office in Minneapolis, MN is listed for sale at $600,000. Compare it against other office listings for sale in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis office market showed a 26.4% vacancy rate, average asking rents near $29.95/SF/yr, and rents up 3.4% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Minneapolis office market tightening or softening?
Vacancy is around 26.4%, with asking rents rising year over year (Q1 2026).

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