Minneapolis Mixed-Use Redevelopment
For Sale
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1330 Quincy St, Minneapolis, MN
Historic mixed-use building in the Northeast Minneapolis artist district.
Property Size40,976 SF
Lot Size0.55 Acres
Price / SF$134.22
Days on Market1492
Property Features for 1330 Quincy St
General Information
Standard status
Active
Size
40,976 SF
Lot size
0.55 Acres
Property subtype
OFFICE
Listing Agency:
Bauch Enterprises, Inc
Listed By:
Julie Bauch
(612) 860-2467
Source:
Moodyscre
Added: Sep 20, 2022
Changed: Oct 16
Last Checked: Oct 19 at 9:04AM
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 Bauch Enterprises, Inc
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Investment Insights
Based on property information with market context.
This brick and timber building, constructed in 1921 for the Nash Coffee Company, is located in the heart of the Northeast Minneapolis artist district. The mixed-use property features four floors plus a basement and courtyard area. The building contains 40,976 square feet on a 0.548-acre lot. The property includes a wet sprinkler system throughout the entire building, except for the warehouse annex. A new roof has been installed on the main building, while the warehouse annex roof was replaced in 2001. There are over 20 parking spaces available. The zoning is I-2 light industrial. The first floor is currently occupied by a retail tenant, Architectural Antiques, which is willing to vacate. The second through fourth floors have 21 month-to-month leases in place, generating a gross annual rent of $284,255. The property offers an opportunity for residential lofts, a boutique hotel, or a brewery or restaurant. The first floor includes 6,815 square feet of adjacent warehouse space with a loading dock and overhead door, accommodating up to 10 vehicles. The elevator was decommissioned in 2001 and is not currently usable.
Key Highlights
- High redevelopment potential: Reimagine this building for residential lofts, boutique hotel, brewery, or restaurant.
- Size and location: 40,976 sq ft building on .548 acres in the heart of the NE Mpls artist district.
- Income generation: $284,255 gross annual rent from 21 month‑to‑month leases on upper floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$493,494
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,869,880
$9.9M
Cap Rate 7%
$7,049,914
$7.0M
Cap Rate 9%
$5,483,267
$5.5M
Market Conditions
NOI Build-Up for 40,976 SF
Gross rent
$762.2K $18.60/SF
− Vacancy
−$57.2K −$1.40/SF
EGI
$705.0K $17.21/SF
− OpEx
−$211.5K −$5.16/SF
NOI
$493.5K $12.04/SF
Area
Minneapolis, MN
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,869,880
Cap Rate 7%
$7,049,914
Cap Rate 9%
$5,483,267
Alternative Uses
Best Use
Office B
$7.32M
$6.40M – $8.53M
NOI $512,064 @ 7.0% cap · market cap 9.31%
Second Best
Retail
$7.05M
$6.17M – $8.22M
NOI $493,494 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$9.78M
$8.55M – $11.41M
NOI $684,321 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic mixed-use building in the Northeast Minneapolis artist district.
Where is this mixed-use property located?
The property is located at 1330 Quincy St Minneapolis, MN.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: High redevelopment potential: Reimagine this building for residential lofts, boutique hotel, brewery, or restaurant.; Size and location: 40,976 sq ft building on .548 acres in the heart of the NE Mpls artist district.; Income generation: $284,255 gross annual rent from 21 month‑to‑month leases on upper floors.
