4251 Nicollet AvenueMinneapolis, MN 55409
$1.15 million
6,696 finished sq ft · 0.12 acre lot
About this home
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.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1908
- Finished sq ft
- 6,696
- Lot
- 0.12 acres
- Basement
- Block, Full, Partially Finished, Storage Space
- Heating
- Natural Gas, Active Solar, Forced Air
- Cooling
- Central Air
- Property taxes
- $21,498 a year
- Listed
- September 8, 2026
- MLS number
- 7140839
Listing courtesy of RE/MAX Results (Mark K Hulsey). MLS #7140839.
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How it compares
4251 Nicollet Avenue, Minneapolis, MN 55409 is a single-family home built in 1908 in King Field, listed for $1.15 million on September 8, 2026 by RE/MAX Results. That is in the upper quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $172 per square foot here against $207 for the group). That works out to $172 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- King Field, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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