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Loft-Style Flex Space
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1517 Central Ave NE, Minneapolis, MN 55413

Historic creative workspace with Central Avenue exposure and signage opportunities in Minneapolis’ Northeast Arts District.

Space Size1,246 SF - 4,700 SF
Property Size44,000 SF
Days on Market283

Property Features for 1517 Central Ave NE

General Information

Standard status Active
Size 1,246 SF - 4,700 SF
Total Parking Spaces 14
Property subtype Industrial
Lease Type Gross

Building Details

Building Size 44,000 SF
Year Built 1902
Tenancy Multiple

Spaces For Lease

at 1517 Central Ave NE Contact us

Unit 2

Size
1,246 SF
Type
Industrial
Lease Type
Gross
Availability
Active
Contact us

Unit 6

Size
4,700 SF
Type
Industrial
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: KW Commercial Woodbury - East Suburban
Listed By: James Faillettaz · License #506019989
Source: Crexi
Added: Nov 21, 2025 Changed: Aug 30 Last Checked: Aug 31 at 2:44AM

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 KW Commercial Woodbury - East Suburban

Investment Insights

Based on property information with market context.

Built in 1902, this flex space property combines industrial character with loft-style work areas suited to creative and flexible office uses. The building is part of a historic collection of creative-space properties and offers a distinctive commercial setting along Central Avenue NE.

The property is positioned in Minneapolis’ Northeast Arts District, near restaurants, breweries, and distilleries, with downtown Minneapolis only minutes away. Central Avenue exposure provides visibility for businesses seeking a noticeable presence, while available signage opportunities add to the property’s street-facing identity.

Key Highlights

  • 1902 construction date
  • Loft‑style workspaces with industrial character
  • Located in Minneapolis’ Northeast Arts District

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Accounting Firm Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Veterinary Clinic HVAC Service

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
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,392
Businesses Nearby
Balanced
Demand for This Use

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

Market

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
Questions? Ask Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Flex space - Historic creative workspace with Central Avenue exposure and signage opportunities in Minneapolis’ Northeast Arts District.
Where is this flex space located?
The property is located at 1517 Central Ave NE Minneapolis, MN.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 1902 construction date; Loft‑style workspaces with industrial character; Located in Minneapolis’ Northeast Arts District
More about this property
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