Minneapolis Mixed-Use Redevelopment
1330 Quincy St Minneapolis, MN
1330 Quincy St, Minneapolis, MN, 00000
Contact for pricing
For Sale
Contact for pricing
Historic mixed-use building in the Northeast Minneapolis artist district.
Property Size40,976 SF
Lot Size0.55 Acres
Price / SF$134.22
Days on Market1401
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
(612) 860-2467
Listed by
Julie Bauch
(612) 860-2467
Source
Moodyscre
Added: Sep 20, 2022 Updated: Jul 6 at 9:55AM Checked: Jul 21 at 5:38AM
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
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $762.2k | $18.60 |
| − Vacancy | −$57.2k | −$1.40 |
| EGI | $705.0k | $17.21 |
| − OpEx | −$211.5k | −$5.16 |
| NOI | $493.5k | $12.04 |
40,976 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Greenery Studio
(Bike/Boat/Book/etc) Store
Grounded Studios
(Bike/Boat/Book/etc) Store
Melissa Borman Artist
Artist
Vivek Narula Portrait
Photography Service
Kristin McCarthy Photography
Photography Service
Similar For Sale Nearby
FAQs
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.
