Mixed-Use Apartment and Retail
1009 Park Avenue Minneapolis, MN 55404
1009 Park Avenue, Minneapolis, MN, 55404
Contact for pricing
For Sale
Contact for pricing
Pending
Restored 1901 building with 75 apartments and five ground-floor retail spaces, plus on-site elevator and controlled access.
Days on Market275
Property Features for 1009 Park Avenue
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Building Details
- Year Built
- 1901
Listing agency
Michel Commercial Real Estate International
Listed by
Ukee Dozier · License #40993914
Source
Crexi
Added: Oct 20, 2025 Updated: Jul 20 at 5:13PM Checked: Jul 20 at 5:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michel Commercial Real Estate International
Investment Insights
Based on property information with market context.
The Drexel Apartments is a mixed-use, restored 1901 building offering 75 apartment homes and five ground-floor retail spaces. Unit mix includes studio, one-, and two-bedroom apartments, featuring original millwork, high ceilings, curved brick accents, and oversized windows. The property also has an on-site elevator and controlled access.
Located on Park Avenue in Minneapolis, The Drexel is described as being just blocks from the Minneapolis Convention Center and major healthcare campuses. The remarks further note convenient connectivity to I-35W and I-94 and that public transit and light rail options are just blocks away.
For buyers and investors, the offering highlights potential value-add paths, including improving occupancy by accepting Section 8 voucher residents, enhancing operational efficiency using a Ratio Utility Billing System (RUBS), and pursuing 4d tax classification to reduce the property’s tax burden, as described in the marketing materials.
Located on Park Avenue in Minneapolis, The Drexel is described as being just blocks from the Minneapolis Convention Center and major healthcare campuses. The remarks further note convenient connectivity to I-35W and I-94 and that public transit and light rail options are just blocks away.
For buyers and investors, the offering highlights potential value-add paths, including improving occupancy by accepting Section 8 voucher residents, enhancing operational efficiency using a Ratio Utility Billing System (RUBS), and pursuing 4d tax classification to reduce the property’s tax burden, as described in the marketing materials.
Key Highlights
- Restored 1901 mixed‑use building with 75 apartments and five ground‑floor retail spaces
- Studio, 1- and 2‑bedroom units with original millwork, high ceilings, curved brick accents, and oversized windows
- On‑site elevator and controlled access for resident convenience and security
Property Analytics
Location Intelligence
Current Use by Public Records
Drexel Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Restored 1901 building with 75 apartments and five ground-floor retail spaces, plus on-site elevator and controlled access.
Where is this apartment building located?
The property is located at 1009 Park Avenue Minneapolis, MN.
What are key features of this property?
This property features: Restored 1901 mixed‑use building with 75 apartments and five ground‑floor retail spaces; Studio, 1- and 2‑bedroom units with original millwork, high ceilings, curved brick accents, and oversized windows; On‑site elevator and controlled access for resident convenience and security
