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    615-661 1St Ave NE Minneapolis, MN 55413

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    For Lease
    $15 SF/Yr ($4,557 /Mo)

    Restored office building with high ceilings and updated common areas.

    Property size:
    3,646 SF
    Lot size:
    2.58 Acres

    Property Features for 615-661 1St Ave NE

    General Information

    Size
    3,646 SF
    Lot size
    2.58 Acres

    Source: Schafer Richardson Agent Mike Olson

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

    Overview

    Restored Office Building For Rent

    This beautifully restored office building, originally built in 1905 and renovated in 2001, features high ceilings, hardwood floors, exposed brick, and wood beams. The common areas have been recently updated. The property accommodates a mixture of high-tech office, studio, and storage tenants. It is equipped with loading docks, freight elevators, and on-site showers. The building's location is convenient to restaurants, retail shops, coffeehouses, and Metro Transit stations. The available space is 3,646 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.252473
    Latitude
    44.9912294

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    FAQs

    What type of property is this?
    Office building - Restored office building with high ceilings and updated common areas.
    Where is this office building located?
    The property is located at 615-661 1St Ave NE Minneapolis, MN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location near restaurants, retail, coffeehouses, and Metro Transit.; - Restored office building featuring high ceilings, hardwood floors, exposed brick & wood beams.; - Recently updated common areas.
    (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
    615-661 1St Ave NE Minneapolis, MN 55413
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