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For Sale:  Minneapolis MLS# 7140839

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Active
$1,150,000
/mo Edit
Commercial:  Other
Built 1908
0.12 acres
Minneapolis schools
MLS# 7140839
763-576-8286
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    Property Description

    Rare Kingfield office/retail building for sale in a highly desirable South Minneapolis location at Nicollet Avenue and 43rd Street. Beautifully renovated in 2021–2022, the property presents an excellent opportunity for an investor, 1031 exchange buyer, or owner/user. The building is currently owner-occupied and will be vacated at closing. The 6, 696-square-foot building includes 3, 348 square feet on the main level and a full 3, 348-square-foot basement. The turn-key main level is currently built out as a modern real estate office featuring abundant natural light, five private offices, two conference rooms, a large open workspace, flex space, a kitchen, a restroom, and collaborative work areas. The partially finished lower level provides substantial additional space for storage, work areas, and a workout room. The main level could potentially be divided into two suites utilizing the two existing storefront entrances and interior garage-style doors that provide a natural separation between the spaces. Four dedicated parking stalls are located directly behind the building with convenient alley access. Recent improvements include a 19.6 kW rooftop solar system installed in 2025, consisting of 43 solar panels with Enphase inverters and estimated annual production of approximately 23, 635 kWh. Additional building improvements include a roof installed in 2002, HVAC installed in 2007, a storage and restroom addition completed in 2007, and a major office renovation completed by the current owner in 2021–2022. The property’s flexible CM2 Corridor Mixed-Use zoning accommodates a broad range of retail, office, service, residential, and mixed-use opportunities. Its Kingfield location is surrounded by dense residential neighborhoods, restaurants, neighborhood retail, apartments, and everyday amenities. Approximately 24, 329 residents with an average household income of $140, 183 live within one mile, while Nicollet Avenue carries approximately 6, 871 vehicles per day, providing consistent visibility and exposure.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,150,000
    Property Type: Commercial
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1908
    State: MN
    Property Style: Other
    Zip Code: 55409
    Neighborhood/Area: 40
    Subdivision Name: William Bernsteins 1st Add

    Interior

    Flooring: Wood
    Basement Details:
    • Block
    • Full
    • Partially Finished
    • Storage Space

    Exterior

    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 3,348 ft2
    Foundation Dimensions: 0
    Handicap Accessible: No Stairs External
    Heating System: Forced Air
    Parking Features:
    • Open
    • Parking Lot
    Roof Details: Age Over 8 Years

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 44.925299, -93.277536
    Inclusions: Building, Land
    Lot Dimensions: 40 x 126
    Zoning: Business/Commercial

    Schools

    School District: 1
    District Phone: 6126680000

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $21,498
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $21,498

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Professional Service
    • Retail
    • Vacant
    Fuel System:
    • Natural Gas
    • Solar
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.