Minneapolis Warehouse District Commercial
For Lease
Contact for pricing
251 N 1st Ave, Minneapolis, MN 55401
Located in the heart of Minneapolis Warehouse and North Loop.
Space Size1,540 SF - 17,056 SF
Property Size67,501 SF
Days on Market934
Property Features for 251 N 1st Ave
General Information
Standard status
Active
Size
1,540 SF - 17,056 SF
Property subtype
Retail, Office
Lease Type
NNN
Building Details
Building Size
67,501 SF
Year Built
1892
Tenancy
Multiple
Spaces For Lease
at 251 N 1st Ave Contact us- Size
- 8,465 SF
- Type
- Office
- Lease Type
- NNN
- Availability
- Active
Suite 400
- Size
- 3,500 SF
- Type
- Office
- Lease Type
- NNN
- Availability
- Active
Suite 480
- Size
- 17,056 SF
- Type
- Office
- Lease Type
- NNN
- Availability
- Active
Suite 500
- Size
- 17,042 SF
- Type
- Office
- Lease Type
- NNN
- Availability
- Active
Suite 600
- Size
- 1,540 SF
- Type
- Retail
- Availability
- Active
Suite 110
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Listing Agency:
Kenwood Commercial
(612) 240-7967
Listed By:
Holly Becker · License #MN 40874574
Source:
Crexi
Added: Jan 31, 2024
Changed: Aug 19
Last Checked: Aug 21 at 5:18AM
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 Kenwood Commercial
Investment Insights
Based on property information with market context.
Located in the heart of the Minneapolis Warehouse District and the North Loop, this commercial space offers a variety of potential uses. The property features large windows providing ample natural light, complemented by high ceilings, wood floors, and exposed brick walls. It provides convenient access to Minneapolis’ bike lane and trail system, including secured bike storage. The building includes a fitness center with showers and changing facilities, as well as supplemental storage for tenants. Tenants benefit from 24-hour security card access. A drive-up loading dock and freight elevator are available. Reserved surface parking contracts are also available. The location is within walking distance of sports, art, dining, and entertainment venues.
Key Highlights
- Prime location in the heart of the Minneapolis Warehouse District/North Loop, near sports, art, dining, and entertainment.
- Large windows providing amazing natural light.
- High ceilings, wood floors, and exposed brick walls.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
10,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 55401, MN
12,029
Population
8,988
Households
1.3
Avg Household Size
35
Median Age
79%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
15,036
Density / Sq Mi
$115,651
Median Household Income
$89,599
Median Earnings
$2,010
Median Rent
$401,500
Median Home Value
Market
Lease Benchmarks for Minneapolis, MN
$16.08 /SF/Yr
Avg Asking Price
$1.67–$26 /SF/Yr
Price Range
7,901 SF
Avg Space Size
This space is priced 50% below the average of $16.08 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Located in the heart of Minneapolis Warehouse and North Loop.
Where is this office units located?
The property is located at 251 N 1st Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Prime location in the heart of the Minneapolis Warehouse District/North Loop, near sports, art, dining, and entertainment.; Large windows providing amazing natural light.; High ceilings, wood floors, and exposed brick walls.
