4021 Thomas Avenue N, Minneapolis, MN 55412 (MLS# 7022923)

4021 Thomas Avenue N, Minneapolis, MN 55412

$4,399,000
Property Type: Commercial Lot Size (sq. ft.): 78,844 Status: Active
Current Price: $4,399,000 List Date: 2/17/2026 Last Modified: 8/27/2026

Overview

Description

Specialty Building offering three floors of offices, large class rooms, Commercial Kitchen, Gymnasium, social/Dining Hall elevator Air-Conditioned, and limited on-site parking. The seller states since purchase over $1M has bee invested in the building. With 28 offices and 34 class rooms, this specialty building offers several creative uses from office use, Education, Charter School, Medical use, transformation into housing, etc. Ideally this building wood be ideal for a 55+ Community being able to house in individual apartments and offer meals being served in the dinning hall. Support business's including clinic, Dentist, Social/Counselor, Barber shop and Hair Saloon, small convenience store, community Garden, outdoor patio, small movie theater, exercise room, craft room and Library, etc. How about an indoor Pickle Ball Court? Great potential and a start to an already well kept facility. SALE PRICE IS NEGOTIABLE and POSSIBLE LEASE TO QUALIFIED PARTY

Listing Details MLS# 7022923

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
24
Owner Occupied
No
Waterfront YN
No
Year Built
1950
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
28275
For Sale or Lease
For Sale
Acres
1.81
Lot Dimensions
266x296
Assessment Pending
No

Property Features

Accessible: Accessible Elevator Installed; Partially Wheelchair CMU Style: Freestanding; Office; Other Construction Status: Previously Owned Current Use: Commercial; Office; Other Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Steam On Site Utilities: Electric Common Parking Characteristics: Parking Lot; Paved Lot; Unassigned Potential Use: Diversified; Office; Other; Professional Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
4399000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
4021
Street Name
Thomas
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
R 24 W

Assessments

Assessment Balance
9077
Tax With Assessments
9077

Building Information

Building Finished SqFt
48855

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
05
Township#
29

Sale Options

Sale Includes
Building, Land, Leases

Unit Details

Total Units
Yes
IDX
Listing Office: Keller Williams Select Realty
Last Updated: August - 27 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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