Building Details

Construction Massive steel beam strut construction

Spaces For Lease

at 1618-1620 NE Central Ave Contact us

Flex Light Industrial Space at the Thorp Building $10.75/SF/Yr

Floor

1

Size

5,494 SF

Type

INDUSTRIAL

Lease Type

NNN

Availability

AVAILABLE, Now

Sublease

No

• $10.75 SF/year base • $8.85 SF/year tax, CAM & general utilities • 456 SF... of mezzanine space • Private pedestrian access • Bridge crane • Heavy floor loads - 4” to 6” concrete slab @ 3 feet above bedrock • Massive steel beam strut construction • Wood tongue and groove ceiling • Heavy power 480, 3 phase • Historic windows • Rough-in plumbing • Tenant improvement allowance available to be amortized over term

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Listing Agency: Bohm Commercial Real Estate

Listed By: Jon Sander Show Phone

Source: Moodyscre

Added: Jan 8, 2025 Changed: Aug 8 Last Checked: Sep 12 at 10:33AM

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Investment Insights

Based on property information with market context.

This industrial/manufacturing space offers 4"–6" concrete slab with heavy floor loading, along with massive steel beam strut construction. The space includes a 456 SF mezzanine area and features a rough-in plumbing, wood tongue and groove ceiling, and historic windows. Tenant improvement allowance is available and can be amortized over the term.

Access is provided via private pedestrian entry. The property also includes heavy power service with 480V, 3-phase electrical capacity, supporting a range of industrial users.

Additional physical features include a bridge crane and concrete installation approximately 3 feet above bedrock. The space also includes rough framing and infrastructure suitable for build-outs, subject to agreement.

Key Highlights

• $10.75/SF per year base rent with $8.85/SF per year for tax, CAM, and general utilities
• Industrial space includes a bridge crane and heavy power: 480V 3‑phase
• 4" to 6" concrete slab with heavy floor loads, located about 3 feet above bedrock

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store

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

Yes

Heavy power

NNN (Triple Net)

Lease Type

$1.61 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,392

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

Market

Vacancy Rate% for Industrial in Minneapolis, MN

7.2% 2019

7.7% 2020

3.6% 2021

3% 2022

4.3% 2023

4.3% 2024

4.7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Industrial space includes a bridge crane, heavy floor loads, and 480V three-phase power.

Where is this manufacturing property located?

The property is located at 1618-1620 NE Central Ave Minneapolis, MN.

What is the lease rate?

The lease rate is $10.75 SF/Yr.

What are key features of this property?

This property features: $10.75/SF per year base rent with $8.85/SF per year for tax, CAM, and general utilities; Industrial space includes a bridge crane and heavy power: 480V 3‑phase; 4" to 6" concrete slab with heavy floor loads, located about 3 feet above bedrock