Standalone Flex Industrial
1221 Broadway St NE Minneapolis, MN 55413
1221 Broadway St NE, Minneapolis, MN, 55413
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For Sale
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Standalone industrial flex building with two drive-in doors and a dedicated paint booth for specialized work.
Property Size3,500 SF
Price / SF$128.57
Days on Market352
Property Features for 1221 Broadway St NE
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- INDUSTRIAL
Properties For Sale
at 1221 Broadway St NE Contact us
Listing agency
Modern CRE
(612) 203-9917
Listed by
David Wiegratz
(612) 203-9917
Source
Moodyscre
Added: Aug 4, 2025 Updated: Jul 21 at 3:37AM Checked: Jul 21 at 3:37AM
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 Modern CRE
Investment Insights
Based on property information with market context.
This standalone flex industrial building is suited for small shop and service-based operations needing private work space. The functional shop layout includes two drive-in doors and a dedicated paint booth, providing on-site capability for specialty fabrication and finishing work.
The property is located directly on Broadway St NE in the heart of NE Minneapolis, with strong street presence and proximity to major routes. It sits among local businesses, offering convenient access for day-to-day operations and deliveries.
Offered for sale, the building’s industrial features are centered on practical, work-focused use, making it a straightforward fit for tenants or buyers looking for an independent facility with paint booth capability.
The property is located directly on Broadway St NE in the heart of NE Minneapolis, with strong street presence and proximity to major routes. It sits among local businesses, offering convenient access for day-to-day operations and deliveries.
Offered for sale, the building’s industrial features are centered on practical, work-focused use, making it a straightforward fit for tenants or buyers looking for an independent facility with paint booth capability.
Key Highlights
- Standalone industrial flex building with dedicated paint booth for specialized work
- Includes 2 drive‑in doors for convenient loading and access
- Located directly on Broadway St NE in the heart of NE Minneapolis
Local Financial Insights For Industrial
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 | $55.0k | $15.72 |
| − Vacancy | −$1.9k | −$0.55 |
| EGI | $53.1k | $15.17 |
| − OpEx | −$15.9k | −$4.55 |
| NOI | $37.2k | $10.62 |
3,500 SF · lease $15.72/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$530.9K
$464.6K – $619.4K
NOI $37,166 @ 7.0% cap · market cap 8.26%
Second Best
Flex RnD
$493.0K
$431.4K – $575.2K
NOI $34,511 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$835.0K
$730.7K – $974.2K
NOI $58,452 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Midwest Wrought Iron
Metal Fabrication Plant
Similar For Sale Nearby
Similar Off Market Nearby
- Saint Paul's Finest — 1517 central ave ne, minneapolis, mn 55413
- Brasa Premium Catering — 600 E Hennepin Ave Suite 620, Minneapolis, MN 55414
- Bealicious Eggrolls — 1540 New Brighton Blvd, Minneapolis, MN 55413
FAQs
What type of property is this?
Flex space - Standalone industrial flex building with two drive-in doors and a dedicated paint booth for specialized work.
Where is this flex space located?
The property is located at 1221 Broadway St NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Standalone industrial flex building with dedicated paint booth for specialized work; Includes 2 drive‑in doors for convenient loading and access; Located directly on Broadway St NE in the heart of NE Minneapolis
