$ 1,150,000
-
$1,150,000
Price -
6,696
SqFt -
0.12
Acre
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About the Listing 5057 - 502019808
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 Highlights
Interior Details
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas,Solar
- Fireplaces:
- Floor:
- Basement: Block,Full,Partially Finished,Storage Space
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40x126
- Zoning: Business/Commercial
- Roof: Age Over 8 Years
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Parking Lot,Open
Financial Details
- Tax Amount: $21,498
- Taxes w/Assessments: N/A
- Tax/Property ID: 1002824420143
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
4251 Nicollet Ave Minneapolis, MN 55409
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