Owner-User Office
For Sale
Contact for pricing
1335 Industrial Blvd NE, Minneapolis, MN 55413
Office building on a full-acre site with ample off-street parking and excellent access to major highways.
Property Size12,858 SF
Lot Size1.00 Acre
Price / SF$198.32
Days on Market98
Property Features for 1335 Industrial Blvd NE
General Information
Standard status
Active
Size
12,858 SF
Total Parking Spaces
43
Lot size
1.00 Acre
Property subtype
Industrial
Zoning
PR2
Investment Type
Owner/User
Site & Location
Neighborhood
Mid-City Industrial
Highway Access
Yes
Building Details
Year Built
2006
Listing Agency:
RYZO Commercial Realty
Listed By:
Tyler Van Eps · License #40710857
(612) 708-2631
Source:
Crexi
Added: Jul 23
Changed: Oct 26
Last Checked: Oct 28 at 8:20AM
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 RYZO Commercial Realty
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Investment Insights
Based on property information with market context.
This office building presents a strong owner-user setup, situated on a full 1-acre site. The property is configured to support workplace use, with ample off-street parking for occupants and visitors.
Located with excellent access to I-35W, Hwy 280, and I-94, the site is positioned near the University of Minnesota and the Northeast Minneapolis business corridor.
Offered for sale as a commercial office property, the asset combines highway access with on-site parking on a larger lot size.
Located with excellent access to I-35W, Hwy 280, and I-94, the site is positioned near the University of Minnesota and the Northeast Minneapolis business corridor.
Offered for sale as a commercial office property, the asset combines highway access with on-site parking on a larger lot size.
Key Highlights
- On a full 1‑acre site with ample off‑street parking
- Excellent access to I‑35W, Hwy 280, and I‑94
- Adjacent to the University of Minnesota
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,682
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,213,640
$3.2M
Cap Rate 7%
$2,295,457
$2.3M
Cap Rate 9%
$1,785,356
$1.8M
Market Conditions
NOI Build-Up for 12,858 SF
Gross rent
$268.5K $20.88/SF
− Vacancy
−$54.2K −$4.22/SF
EGI
$214.2K $16.66/SF
− OpEx
−$53.6K −$4.17/SF
NOI
$160.7K $12.50/SF
Area
Minneapolis, MN
Vacancy
20.20%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,213,640
Cap Rate 7%
$2,295,457
Cap Rate 9%
$1,785,356
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,682 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,736 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 55413, MN
13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building on a full-acre site with ample off-street parking and excellent access to major highways.
Where is this office building located?
The property is located at 1335 Industrial Blvd NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: On a full 1‑acre site with ample off‑street parking; Excellent access to I‑35W, Hwy 280, and I‑94; Adjacent to the University of Minnesota
