901 23rd Avenue NE,Minneapolis, MN 55418
Minneapolis, MN 55418
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.
Details
| MLS # | 7010675 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 68 |
| Listing Provided By | Compass | Jaclyn A Gavzy |
Features
| SQ Feet | 4,864 |
|---|---|
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | Business/Commercial,Residential- |
| Acreage | 0.16 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
Exterior
| Roof | Age Over 8 Years |
|---|---|
| Construction Materials | Brick |
| Lot Features | Irregular Lot |
Parking
| Parking Features | Asphalt, Paved Lot |
|---|
Utilities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|
Taxes
| Property | 22695 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55418 |
| Area | 33 |
| Community Name | Wilsons Rgt Blks East Side Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Wilsons Rgt Blks East Side Add) | |
Price: $815,000 low | high Med: $296,950 sqft: 4,864 low | high Med: 1,683 $ / sqft: $168 low | high Med: $179 On site: 68 low | high Med: 64 | |
Market Activity 55418
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55418 |
| Area | 33 |
| Community Name | Wilsons Rgt Blks East Side Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Wilsons Rgt Blks East Side Add) | |
Price: $815,000 low | high Med: $296,950 sqft: 4,864 low | high Med: 1,683 $ / sqft: $168 low | high Med: $179 On site: 68 low | high Med: 64 | |