Twelve-Story Office
New
For Sale
$850,000
400 S 2nd St, Minneapolis, MN 55401
Vacant downtown office property with an identified path toward multifamily conversion and historic rehabilitation incentives.
Property Size135,778 SF
Price / SF$6.26
Days on Market5
Property Features for 400 S 2nd St
General Information
Standard status
Active
Size
135,778 SF
Property subtype
Multifamily
Amenities
Auction - October 19-21 | Starting Bid: $850,000
A Prime Site At Downtown East's Edge: 400 2nd Avenue S sits exactly where the CBD, Downtown East, and Gateway Districts converge.
Twelve-Story, 135,778 SF Brick Tower: This 1929-built tower offers expansive steel-framed windows and sweeping skyline views.
165-Unit Multifamily Conversion Upside: Fully vacant building layout supports studio, alcove, one-bedroom, and two-bedroom units.
Up To 40% In Combined Historic Tax Credits: Register-eligible building may qualify for a combined 20% federal plus 20% state credit.
Conversion Groundwork Already Underway: BKV Group and New History are already engaged, cutting entitlement and design timelines.
Anchored In A 14 Fortune 500 Company Metro: Minneapolis-St. Paul's 3.7M-person metro includes Target, 3M, Best Buy, U.S. Bancorp.
Building Details
Year Built
1929
Buildings
1
Stories
12
Building Size
135,778 SF
Listing Agency:
Minneapolis Office
Listed By:
Abe Roberts · License #License(s): MN: 40445509
(952) 852-9768
Source:
Marcusmillichap
Added: Sep 9
Last Checked: Sep 12 at 3:41AM
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 Minneapolis Office
Investment Insights
Based on property information with market context.
This vacant twelve-story office building contains 135,778 SF and dates to 1929. The steel-framed structure features large windows and city views, with existing conditions that support potential layouts ranging from studios and alcove units to one- and two-bedroom apartments. Conversion planning is underway with BKV Group providing architectural services and New History serving as historic consultant, and the concept contemplates as many as 165 multifamily units.
The property is in downtown Minneapolis near the CBD, Downtown East, and Gateway Districts. It is located minutes from U.S. Bank Stadium, the Mississippi riverfront, and the Minneapolis skyway network. The building may qualify for placement on the National Register of Historic Places, which could support access to 20% federal and 20% state historic tax credits, subject to eligibility and approval.
Originally constructed as the Hodgson Building, the property later housed General Mills and Old Republic National Title Insurance Company.
The property is in downtown Minneapolis near the CBD, Downtown East, and Gateway Districts. It is located minutes from U.S. Bank Stadium, the Mississippi riverfront, and the Minneapolis skyway network. The building may qualify for placement on the National Register of Historic Places, which could support access to 20% federal and 20% state historic tax credits, subject to eligibility and approval.
Originally constructed as the Hodgson Building, the property later housed General Mills and Old Republic National Title Insurance Company.
Key Highlights
- 135,778 SF vacant office tower with twelve stories
- Conversion concept supports up to 165 multifamily units
- 1929 construction with steel‑framed windows and city views
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Vacant downtown office property with an identified path toward multifamily conversion and historic rehabilitation incentives.
Where is this office building located?
The property is located at 400 S 2nd St Minneapolis, MN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 135,778 SF vacant office tower with twelve stories; Conversion concept supports up to 165 multifamily units; 1929 construction with steel‑framed windows and city views
