4251 Nicollet Avenue, Minneapolis, MN 55409

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.