2304 Park Avenue, Minneapolis, MN 55404

$3,737,000
Property Type: Commercial Lot Size (sq. ft.): 38,768 Status: Closed
Current Price: $3,737,000 List Date: 12/10/2024 Last Modified: 2/27/2026

Overview

Description

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.

Listing Details MLS# 6638672

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
49
Year Built
1956
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Industrial
Foundation Size
18810
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.89
Lot Dimensions
258x151
Assessment Pending
Unknown

Property Features

Accessible: Fully Wheelchair Air Conditioning: Central Air Basement: Full CMU Style: Freestanding; Industrial; Office Construction Status: Previously Owned Current Use: Event Space; Office; Professional Service Exterior: Brick Veneer; Brick/Stone Financing Terms: Conventional Foundation: Other Fuel: Natural Gas Heating: Boiler Lock Box Type: None On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date
2025-06-11
Closed Date
2025-04-30
Sales Close Price
3737000
Contingency
None
ListPrice
3600000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2304
Street Name
Park
Street Suffix
Avenue
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
G N Merriams Add

Additional Parcels Information

Property ID #2
3502924220026
Property ID #3
3502924220025

Assessments

Tax With Assessments
921
Assessment Balance
0

More Information

Building Information

Building Finished SqFt
36621
Building SqFt
37621

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
35
Township#
29

Sale Options

Sale Includes
Building, Other

Unit Details

Total Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
BLOCK 002 G N MERRIAMS ADDN TO MPLS LOTS 7 8 15 16 AND N 1/2 OF LOT 9 AND 14 AND S 1/2 OF LOTS 6 AND 17
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
1399
Property ID Number
3502924220016
Tax Year
2024
Tax Amount
921
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
Directions
From 35W, west on E 28th St, north on Park Ave, building is on the left.

Accessible

Fully Wheelchair
Yes

Air Conditioning

Central Air
Yes

Basement

Full
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick Veneer
Yes
Brick/Stone
Yes

Financing Terms

Conventional
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Lock Box Type

None
Yes

Parking Characteristics

Parking Lot
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Freestanding
Yes
Industrial
Yes
Office
Yes

Current Use

Event Space
Yes
Office
Yes
Professional Service
Yes
Listing Office: Coldwell Banker Realty
IDX
Last Updated: February - 27 - 2026
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