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Property summary
This exceptional offering presents two contiguous, vacant office suites within the prestigious Lindsay Building, located in Minneapolis' vibrant North Loop neighborhood. The property comprises Units 101 and 102, totaling 10,777 net rentable square feet, situated on the main level of a six-story, Class B building constructed in 1900. Unit 101 encompasses 4,139 square feet and features a large kitchen, eight private offices, a reception area, open workspaces, a utility room, and is priced at $499,900. Unit 102, priced at $899,900, offers 6,638 square feet, including two kitchens, eight private offices, a reception area, open workspaces, a copy room, and a resource room. Both units boast 12-foot ceilings, exposed brick and timber, and large windows, creating a unique and desirable workspace. The building's C3A zoning allows for a variety of uses. Shared amenities include two restrooms and eighteen parking spaces available for lease at $142 per month starting October 1, 2023, with a 2.5% annual increase. Association dues cover heating, water, trash removal, master insurance, management fees, snow removal, and interior/exterior maintenance, including reserves. Each unit is equipped with hot water baseboard heating and air handlers capable of both heating and cooling. The asking price for both units is $1,399,800. This presents a rare opportunity to acquire a substantial and well-appointed office space in a highly sought-after location.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising (Bike/Boat/Book/etc) Store
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Pharmacy
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Condominium Complex
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Renovation Specialist General Contractor
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Home Inspector
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R6 · Minneapolis, MNZoning
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Zoning designation
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The district profile from the municipal source: what is on file for R6 in Minneapolis, MN.
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