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    429-451 Taft St NE Minneapolis, MN 55413

    For Lease
    $15 SF/Yr ($1,255 /Mo)

    Prominent industrial property in Northeast Arts District available for lease.

    Property size:
    1,004 SF
    Lot size:
    1.99 Acres

    Property Features for 429-451 Taft St NE

    General Information

    Size
    1,004 SF
    Lot size
    1.99 Acres

    Source: KW Commercial Premier - St Paul Agent James Faillettaz

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

    Overview

    Historic Industrial Property in Minneapolis

    The Strong Scott Building, located at 451 Taft Street NE in Minneapolis, is a historic industrial property situated in the Northeast Arts District. The site encompasses approximately 90,210 square feet and serves as a center for creative, cultural, and entrepreneurial endeavors. The property is owned and managed by First & First LLC, a developer specializing in adaptive reuse. The property blends historic preservation with modern functionality, attracting a diverse mix of tenants and visitors. There is flex space available for rent, with a property size of 1,004 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2237796
    Latitude
    44.9941131

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    FAQs

    What type of property is this?
    Industrial property - Prominent industrial property in Northeast Arts District available for lease.
    Where is this industrial property located?
    The property is located at 429-451 Taft St 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: - Located in the heart of Minneapolis’s vibrant Northeast Arts District.; - Historic industrial property with adaptive reuse by First & First LLC.; - Spans approximately 90,210 square feet.
    (651) 379-5252
    Request Owner's contact information
    429-451 Taft St NE Minneapolis, MN 55413
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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
    429-451 Taft St NE Minneapolis, MN 55413
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