2304 Park Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2304 Park Ave
37,621 SF Office Building Minneapolis, MN 55404 $3,600,000 ($96/SF)
Investment Highlights
- Great Location
- Recently Rotavated
- Tons of Private Parking
Executive Summary
BROTHER LOUIS HALL IS JUST UNDER 39-THOUSAND SQUARE FEET OF SPACE AND IS FILLED WITH CLASSROOMS AND OFFICES. LAST RENOVATED IN 2008, THE BUILDING AND ITS TWO PARKING LOTS FOR 49 CARS, IS IN GREAT SHAPE AND IS MOVE-IN READY FOR A SCHOOL (EARLY EDUCATION, ELEMENTARY, MIDDLE, OR HIGH SCHOOLS). OTHER POTENTIAL USES INCLUDE: OFFICE PROPERTY, CHILD CARE AND SENIOR CARE CENTERS, MULTI-FAMILY OR RESIDENCES WITH CONVERSION OR MEDICAL USE.
THE PROPERTY IS ZONED COMMERCIAL RM3, IS ADA COMPLIANT, AND IF NEEDED COULD BE RECONFIGURED INTO A MULTI-TENANT PROPERTY OR EVEN A REDEVELOPMENT OPPORTUNITY. THE PROXIMITY TO DOWNTOWN MINNEAPOLIS AND EASE OF ACCESS TO 35W AND I-94 ARE CONSIDERABLE BENEFITS TO OWNERSHIP.
ALL MECHANICALS HAVE BEEN WELL-MAINTAINED AND IN GREAT CONDITION. THE BUILDING ALSO HAS AN EXTRA-LARGE GARAGE DOOR LEADING TO A LARGE AREA FOR STORING EQUIPMENT RANGING FROM SNOW AND LAWN CARE EQUIPMENT TO SERVICE VEHICLES.
THE PROPERTY IS ZONED COMMERCIAL RM3, IS ADA COMPLIANT, AND IF NEEDED COULD BE RECONFIGURED INTO A MULTI-TENANT PROPERTY OR EVEN A REDEVELOPMENT OPPORTUNITY. THE PROXIMITY TO DOWNTOWN MINNEAPOLIS AND EASE OF ACCESS TO 35W AND I-94 ARE CONSIDERABLE BENEFITS TO OWNERSHIP.
ALL MECHANICALS HAVE BEEN WELL-MAINTAINED AND IN GREAT CONDITION. THE BUILDING ALSO HAS AN EXTRA-LARGE GARAGE DOOR LEADING TO A LARGE AREA FOR STORING EQUIPMENT RANGING FROM SNOW AND LAWN CARE EQUIPMENT TO SERVICE VEHICLES.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$921
|
$0.02
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$921
|
$0.02
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $921 |
| Annual Per SF | $0.02 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $921 |
| Annual Per SF | $0.02 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
37,621 SF
Building Class
B
Year Built
1956
Price
$3,600,000
Price Per SF
$96
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
18,810 SF
Slab To Slab
12’
Building FAR
0.97
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
RM3 - This is a Residence and Institutional zoning district.
The RM3 Residence and Institutional District allows large-scale dwellings, large office uses,
Parking
68 Spaces (1.81 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 of 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (96)
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2304 Park Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.