2847 Central Avenue NE, Minneapolis, MN 55418

New Listing
$500,000
Property Type: Commercial Lot Size (sq. ft.): 8,276 Status: Active
Current Price: $500,000 List Date: 5/15/2026 Last Modified: 5/15/2026

Overview

Description

Commercial building in the heart of Northeast Minneapolis Arts District. Located along a high-traffic corridor surrounded by restaurants, studios, shops, and neighborhood activity. Property could immediately be used as an art gallery / studio or easily converted into a coffee shop, retail space, office, or potential live/work situation. The front 1,000 square feet currently functions as an art gallery with dramatic 13-foot ceilings, excellent lighting, and a clean / open layout. The building includes approximately $15,000 in upgraded lighting that includes dimmable fluorescents and LED cans, making it ideal for displaying artwork, retail products, or creating a polished office/studio environment. Ample space can be found in the backyard which features new sod and is also completely fenced in with 6 foot horizontal privacy fencing. The fence has a locking gate on one side going to the front and a second locking gate going to the parking lot. The parking lot is accessible from the alley in back. Majority of the structure was built new in 2017. Included at that time: New HVAC, roof, electrical, plumbing and windows. Recent updates include newly painted exterior, floors, walls, and fresh sod, all in 2026. The space looks fresh, clean, and ready for immediate occupancy. Previously used as the art studio and gallery of a well-known local painter. 2847 Central Avenue NE offers a rare combination of visibility, flexibility, character, and practical workspace. Come make your own masterpiece!

Listing Details MLS# 7074383

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
3
Waterfront Present
No
Year Built
1931
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
1914
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.19
Lot Dimensions
46 x 176
Assessment Pending
Yes
Garage Stalls
0

Property Features

Accessible: Doors 36"+; Fully Wheelchair Air Conditioning: Central Air CMU Style: Freestanding Construction Materials: Block; Concrete Construction Status: Previously Owned Current Use: Other Exterior: Block; Concrete Fencing: Full; Privacy; Wood Flooring: Concrete Slab Foundation: Concrete Block; Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Adj. Rate/Gr Payment; Cash; Conventional Location Description: Free Standing On Site Utilities: Electric Common Parking Characteristics: Parking Lot Potential Use: Lounge/Bar; Office; Other; Professional; Restaurant; Retail Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2847
Street Name
Central
Street Suffix
Avenue
Street Direction Suffix
NE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55418
Complex/Dev/Subdivision
Menages Sup To East Side Add

Assessments

Assessment Balance
818
Tax With Assessments
9916

Basement

Foundation Dimensions
58 x 33

More Information

Building Information

Building Finished SqFt
1914
Building SqFt
1914

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
12
Township#
29

Sale Options

Sale Includes
Building, Land

Unit Details

Total Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LOT 025 BLOCK 003 MENAGES SUP TO EAST SIDE ADDN TO MPLS
Listing City
Minneapolis
Map Page
92
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
3662
Property ID Number
1202924220086
Tax Year
2026
Tax Amount
9098
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Commercial building in the heart of Northeast Minneapolis Arts District. Located along a high-traffic corridor surrounded by restaurants, studios, shops, and neighborhood activity. Property could immediately be used as an art gallery / studio or easily converted into a coffee shop, retail space, office, or potential live/work situation. The front 1,000 square feet currently functions as an art gallery with dramatic 13-foot ceilings, excellent lighting, and a clean / open layout. The building includes approximately $15,000 in upgraded lighting that includes dimmable fluorescents and LED cans, making it ideal for displaying artwork, retail products, or creating a polished office/studio environment. Ample space can be found in the backyard which features new sod and is also completely fenced in with 6 foot horizontal privacy fencing. The fence has a locking gate on one side going to the front and a second locking gate going to the parking lot. The parking lot is accessible from the alley in back. Majority of the structure was built new in 2017. Included at that time: New HVAC, roof, electrical, plumbing and windows. Recent updates include newly painted exterior, floors, walls, and fresh sod, all in 2026. The space looks fresh, clean, and ready for immediate occupancy. Previously used as the art studio and gallery of a well-known local painter. 2847 Central Avenue NE offers a rare combination of visibility, flexibility, character, and practical workspace. Come make your own masterpiece!
Directions
2847 Central Ave NE

Accessible

Doors 36"+
Yes
Fully Wheelchair
Yes

Air Conditioning

Central Air
Yes

Construction Materials

Block
Yes
Concrete
Yes

Construction Status

Previously Owned
Yes

Exterior

Block
Yes
Concrete
Yes

Fencing

Full
Yes
Privacy
Yes
Wood
Yes

Flooring

Concrete Slab
Yes

Foundation

Concrete Block
Yes
Slab
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Parking Lot
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes

CMU Style

Freestanding
Yes

Current Use

Other
Yes

Loan Terms

Adj. Rate/Gr Payment
Yes
Cash
Yes
Conventional
Yes

Location Description

Free Standing
Yes

Potential Use

Lounge/Bar
Yes
Office
Yes
Other
Yes
Professional
Yes
Restaurant
Yes
Retail
Yes

Documents

Listing Office: Lifestyles
IDX
Last Updated: May - 15 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.