2847 Central Avenue NE, Minneapolis, MN 55418 (MLS# 7074383)


$500,000
2847 Central Avenue NE
Minneapolis, MN 55418
MLS# 7074383



2847 Central Avenue NE, Minneapolis, MN 55418
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Property 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!

Details
Maps
Documents
Contract Information
Status: Active
Current Price: 500000
Contingency: None
ListPrice: 500000
List Date: 2026-05-15
Owner is an Agent?: No
Auction?: No
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
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
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: 1
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

Listing Office: Lifestyles

Last Updated: May - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Thursday 28th of May 2026 02:42 AM

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