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Historic Brick Building in North Loop
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133 N 1st Ave, Minneapolis, MN 55401

19th-century brick building near sports, art, dining, and transit.

Space Size4,350 SF
Days on Market731

Property Features for 133 N 1st Ave

General Information

Standard status Active
Size 4,350 SF
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 133 N 1st Ave Contact us

Office Space for Lease $16 – $22/SF/Yr

Floor
1
Size
4,350 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
• Beautiful 19th century brick building • Located just one block off Hennepin...
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Listing Agency: Kenwood Commercial
Listed By: Mike Doyle
Source: Moodyscre
Added: Sep 10, 2024 Changed: Sep 9 Last Checked: Sep 10 at 5:20AM

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.

This is a 19th-century brick building located one block off Hennepin Avenue in the North Loop. The location provides walking distance access to sports, art, dining, and entertainment venues, as well as the Hennepin Avenue Bridge leading to Northeast Minneapolis. The property is near walking and biking paths, and green spaces along West River Road. Mass transit access is supported by Metro Transit buses and light rail.

Key Highlights

  • Prime North Loop location, just a block from Hennepin Avenue.
  • Walking distance to sports, art, dining, and entertainment venues.
  • Easy access to walking/biking paths and green spaces along West River Road.

Property Analytics

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Current Use

Mennell James A Law Firm

Suggested Use

Top Pick Pet Grooming Service Butcher Locksmith Restaurant (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

10,653
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Minneapolis, MN

$18.16 /SF/Yr
Avg Asking Price
$6.5–$26 /SF/Yr
Price Range
22,468 SF
Avg Space Size

This space is priced 12% below the average of $18.16 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office space - 19th-century brick building near sports, art, dining, and transit.
Where is this office space located?
The property is located at 133 N 1st Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Prime North Loop location, just a block from Hennepin Avenue.; Walking distance to sports, art, dining, and entertainment venues.; Easy access to walking/biking paths and green spaces along West River Road.
(612) 242-8820 Call to check price and availability
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