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    1621-1681 E Hennepin Ave Minneapolis, MN 55403

    For Lease
    $8 SF/Yr ($976 /Mo)

    Two-story office building with updated amenities and easy highway access.

    Property size:
    1,465 SF
    Lot size:
    2.13 Acres

    Property Features for 1621-1681 E Hennepin Ave

    General Information

    Size
    1,465 SF
    Lot size
    2.13 Acres

    Source: Schafer Richardson Agent Mike Olson

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

    Overview

    Renovated Flex Space in Minneapolis

    This is a renovated, two-story office building that is 100 years old. The building has updated restrooms, windows, HVAC/electrical systems, and common areas. It is Energy Star Certified as of 2021. The property offers affordable flex space in Northeast Minneapolis. New passenger and freight elevators are available. A dedicated building surface parking lot is included. The building is located two blocks off I-35W on the Hennepin Avenue exit, providing easy access to Downtown Minneapolis, I-35W, and I-94. The property size is 1465 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2859795
    Latitude
    44.9720382

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    FAQs

    What type of property is this?
    Office space - Two-story office building with updated amenities and easy highway access.
    Where is this office space located?
    The property is located at 1621-1681 E Hennepin Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Renovated 100-year-old office building with updated restrooms, windows, HVAC/electrical, and common areas.; - Dedicated building surface parking lot.; - Energy Star Certified (2021).
    (612) 359-5843
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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
    1621-1681 E Hennepin Ave Minneapolis, MN 55403
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