Updated Industrial Live-Work
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For Sale
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213 Washington Ave N, Minneapolis, MN 55401
The historic building supports a combined living and workspace arrangement in Minneapolis’s North Loop.
Property Size5,280 SF
Price / SF$255.68
Days on Market6
Property Features for 213 Washington Ave N
General Information
Standard status
Active
Size
5,280 SF
Property subtype
RETAIL
Building Details
Year Built
1877
Buildings
1
Listing Agency:
Compass Real Estate
(952) 454-6563
Listed By:
Laura Hotvet
(612) 816-7537
Source:
Moodyscre
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 1:27PM
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 Compass Real Estate
Investment Insights
Based on property information with market context.
This 5,280-square-foot industrial loft building dates to 1877 and has been updated. Its live-work configuration offers space for both residential and work use. The property is located at 213 Washington Ave N in Minneapolis’s North Loop.
Key Highlights
- 5,280‑square‑foot industrial loft building
- Constructed in 1877
- Updated building with live‑work use potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,982
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,640
$1.3M
Cap Rate 7%
$942,600
$942.6K
Cap Rate 9%
$733,133
$733.1K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$110.2K $20.88/SF
− Vacancy
−$22.3K −$4.22/SF
EGI
$88.0K $16.66/SF
− OpEx
−$22.0K −$4.17/SF
NOI
$66.0K $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%
$1,319,640
Cap Rate 7%
$942,600
Cap Rate 9%
$733,133
Alternative Uses
Best Use
Office B
$942.6K
$824.8K – $1.10M
NOI $65,982 @ 7.0% cap · market cap 4.89%
Second Best
Mixed Use
$851.4K
$745.0K – $993.3K
NOI $59,600 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,179 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,378
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Live-work space - The historic building supports a combined living and workspace arrangement in Minneapolis’s North Loop.
Where is this live-work space located?
The property is located at 213 Washington Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,280‑square‑foot industrial loft building; Constructed in 1877; Updated building with live‑work use potential
