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    517 1St St S Minneapolis, MN 55401

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    For Lease
    $18 SF/Yr ($3,426 /Mo)

    Newly renovated office space with natural light and convenient location.

    Property size:
    2,284 SF
    Lot size:
    0.32 Acres

    Property Features for 517 1St St S

    General Information

    Size
    2,284 SF
    Lot size
    0.32 Acres

    Source: Kenwood Commercial Agent Mike Doyle

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

    Overview

    Renovated Office Space in Minneapolis

    This office space, encompassing 2,284 square feet, features large windows that provide ample natural light. The property is located in the historic Whitney Mill Corridor, situated across West River Road from the Stone Arch Bridge, and offers close proximity to the Minneapolis CBD. Common areas have been newly renovated. On-site property management is available. The building includes a common conference room, men’s and women’s locker rooms, a rooftop deck, and a third workplace atrium.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2592887
    Latitude
    44.9803237

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    FAQs

    What type of property is this?
    Office space - Newly renovated office space with natural light and convenient location.
    Where is this office space located?
    The property is located at 517 1St St S Minneapolis, MN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the historic Whitney Mill Corridor, across from the Stone Arch Bridge.; - Close proximity to Minneapolis CBD.; - Abundant natural light due to huge windows.
    (612) 242-8820
    Request Owner's contact information
    517 1St St S Minneapolis, MN 55401
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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
    517 1St St S Minneapolis, MN 55401
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