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    501 1St Ave NE Minneapolis, MN 55413

    For Lease
    Contact for pricing

    Upscale office space featuring modern amenities and collaborative workspaces.

    Property size:
    5,802 SF
    Lot size:
    0.32 Acres

    Property Features for 501 1St Ave NE

    General Information

    Size
    5,802 SF
    Lot size
    0.32 Acres

    Source: JLL Agent Andrea Leon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Luxurious Office Space with Amenities

    This office space, encompassing 5,802 square feet, features a luxurious tenant lounge equipped with big-screen televisions, gaming facilities, table-tennis, and comfortable seating. It includes a fully equipped kitchen with a vent hood, ice maker, dishwasher, range, microwave, and a 10-foot waterfall quartz island. The property provides private call booths and break-out communal meeting spaces. A grand entrance leads to a courtyard terrace with outdoor seating, complemented by a rooftop garden terrace. The interior features curated art and furnishings sourced locally and internationally. On-demand coffee and pastries are available from Harmony Coffee, located within the building. The property also offers an app-based community bicycle service and a professional carbonated beverage service. Exterior signage and branding opportunities are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EQUIPMENT Men'S Clothing Store CirrusNorth Consultant Burlap Lofts Property Management Company Loop Parking Parking Garage Matthees Medical Medical Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2541554
    Latitude
    44.9903339

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    FAQs

    What type of property is this?
    Office space - Upscale office space featuring modern amenities and collaborative workspaces.
    Where is this office space located?
    The property is located at 501 1St Ave NE Minneapolis, MN.
    What are key features of this property?
    This property features: - Fully equipped kitchen with vent hood, ice maker, dishwasher, range, microwave, and **10-foot waterfall quartz island**; - Luxurious tenant lounge with big-screen televisions/gaming, table-tennis, and an abundance of comfy seating; - **Rooftop garden terrace**
    (202) 817-9565
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    501 1St Ave NE Minneapolis, MN 55413
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    Minneapolis, MN 55413
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 1St Ave NE Minneapolis, MN 55413
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