3338 University Avenue SE, Minneapolis, MN 55414

$2,300,000
Property Type: Commercial Lot Size (sq. ft.): 27,443 Status: Pending
Current Price: $2,300,000 List Date: 3/07/2025 Last Modified: 11/20/2025

Overview

Description

Creative arts building for sale. Ready for redevelopment or continue as a rental property. There are not many untouched brick and concrete beauties like this anymore. The top floor unit is a unique glass box with 30'+ high ceiling; and large enough for a basketball court or whatever else your imagination presents. first floor has a loading dock and large overhead door. Existing but vacant cafe space has an existing commercial kitchen with hood and dish areas.

Listing Details MLS# 6680311

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
20
Year Built
1919
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
14344
Garage Stalls
Yes
For Sale or Lease
For Sale
Acres
0.63
Lot Dimensions
irregular

Property Features

Accessible: Other CMU Style: Industrial; Office; Retail/Shopping Center; Warehouse Construction Status: Previously Owned Current Use: Commercial Exterior: Brick/Stone Fuel: Natural Gas Heating: Boiler 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
2025-11-20
Contingency
None
ListPrice
2300000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3338
Street Name
University
Street Suffix
Avenue
Street Direction Suffix
SE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55414
Complex/Dev/Subdivision
Prospect Park 1st Div Rev

Assessments

Tax With Assessments
89492
Assessment Balance
0

Building Information

Building Finished SqFt
44606
Building SqFt
44606

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
30
Township#
29

Sale Options

Sale Includes
Building

Unit Details

Total Units
Yes

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
BLOCK 005 PROSPECT PARK 1ST DIV REV COM AT THE MOST NLY COR OF LOT 5 TH SELY ALONG UNIV AVE 118 67/100 FT TH AT RT ANGLES SWLY 153 6/10 FT TH WLY TO WLY LINE OF LOT 4 ALONG A LINE WHICH IF EXT WOULD INTERSEC THE WLY LINE OF LOT 5 AT A PT 205 FT FROM MOST NLY COR OF LOT 5 TH SELY TO A PT IN SLY LINE OF LOT 4 DIS 258 9/10 FT W FROM W LINE OF BEDFORD ST TH WLY TO THE MOST SLY COR OF LOT 5 TH NWLY TO MOST WLY COR THOF TH NELY TO BEG SUBJECT TO STREET
Listing City
Minneapolis
Map Page
107
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Property ID Number
3002923410024
Tax Year
2024
Tax Amount
89492
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Creative arts building for sale. Ready for redevelopment or continue as a rental property. There are not many untouched brick and concrete beauties like this anymore. The top floor unit is a unique glass box with 30'+ high ceiling; and large enough for a basketball court or whatever else your imagination presents. first floor has a loading dock and large overhead door. Existing but vacant cafe space has an existing commercial kitchen with hood and dish areas.
Directions
280 to University. West on University to site.

Accessible

Other
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
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

Industrial
Yes
Office
Yes
Retail/Shopping Center
Yes
Warehouse
Yes

Current Use

Commercial
Yes
Listing Office: Assembly MN LLC
IDX
Last Updated: November - 20 - 2025
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.