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$815,000

0 Beds 0 Baths 4,864 SQFT 0.16 Acres
Type: Commercial

901 23rd Avenue NE
Minneapolis, MN 55418

MLS#: 7010675
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: Compass

Property 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.


 

Interior Features

Bedrooms

Total Bedrooms0

Bathrooms

Total Baths0

Other Interior Features

BasementOwner Access, Partially Finished, Shared Access, Single Tenant Access, Storage Space, Unfinished
Basement (Y/N)Yes
Ceiling Height8-10
FuelNatural Gas
Garage Dimensions0
Garage Door Width0 sqft
Garage Square Feet0

General

AccessibilityOther
Additional Parcels Y/NNo
Amenities UnitHardwood Floors
Carport Spaces0
CityMinneapolis
Construction MaterialsBrick
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseOffice
DirectionsCentral Avenue N to 23rd Avenue - turn left to property
Electric Expense2121
Fuel Expense962
Garage Spaces0
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense2761
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
OwnerPaysAll Utilities
Possible UseOffice, Other, Professional Service, Restaurant, Retail, Shop, Warehouse, Diversified, Wholesale, Grocery
PostalCityMinneapolis
Property TypeCommercial Sale
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameWilsons Rgt Blks East Side Add
Tax Annual Amount$22,695
Tax Year2025
Trash Expense528
UtilitiesElectric Common, Heating Common, Hot Water Common
Water Sewer Expense1481
Year Built1954
Zoning DescriptionBusiness/Commercial, Residential-Multi-Family, Other, Residential-Single Family

Exterior

Building Area Total4,864 sqft
Foundation Area2,432 sqft
InclusionsBuilding
Lot Dimensions87x80
Lot FeaturesIrregular Lot
Lot Size Area0 sqft
Parking FeaturesAsphalt, Paved Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$815,000

0 Beds 0 Baths 4,864 SQFT 0.16 Acres
Type: Commercial

901 23rd Avenue NE
Minneapolis, MN 55418

MLS#: 7010675
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800