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Garden Level Commercial Space Available
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233 Park Ave, Minneapolis, MN 55415

8,457 SF garden level space for office, retail, storage.

Space Size1,689 SF - 4,454 SF
Days on Market164

Property Features for 233 Park Ave

General Information

Standard status Active
Size 1,689 SF - 4,454 SF
Property subtype Retail, Office
Lease Type NNN

Building Details

Tenancy Multiple

Spaces For Lease

at 233 Park Ave Contact us

Available Space 1

Size
4,454 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

Available Space 2

Size
1,689 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

Available Space 3

Size
2,314 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: CBRE - Downtown Los Angeles
Listed By: Jerry Driessen · License #MN
Source: Crexi
Added: Mar 10 Changed: Aug 17 Last Checked: Aug 19 at 9:59PM

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 CBRE - Downtown Los Angeles

Investment Insights

Based on property information with market context.

Approximately 8,457 square feet of vacant space is available for lease on the garden level, facing Washington and Park Avenue. The total vacant area is divided by a common corridor. Suite 1 offers 4,454 square feet, representing the maximum contiguous square footage. Suite 2 provides 4,003 square feet, already divided into 1,689 square feet and 2,314 square feet, with both sections adjacent to each other. The suites are suitable for office, storage, and retail uses. Suite 1 is currently an open space following the building's construction completion in 2023. Located on the garden level of a four-story office building that also houses the Mill District Event Center with a rooftop deck. The base rent is $14.00 NNN per square foot per year, with an additional $10.00 per square foot per year for tax, CAM, and operating expenses. Tenants are responsible for their own in-suite janitorial services and utilities. HVAC repairs, replacement, and maintenance are the tenant's responsibility; the existing HVAC units are new. All three suites have entrances on the common corridor and are easily accessible from a grand stair off the main lobby. New common restrooms are available on the garden level. The suite is sprinklered and handicap accessible, featuring windows facing Washington and Park Avenue and very high clear space.

Key Highlights

  • Approximately 8,457 sf of large vacant space available for lease.
  • Ideal for office, storage, or retail purposes with flexible usage.
  • New construction: Building completed in 2023, with Suite 1 in wide open space.

Property Analytics

Current Use

900 Washington Hotel ... Hotel & Motel 233 Park Avenue ... Condominium Complex Sherman Associates Construction Company Phoenix On Fax Telecommunications Service Cazales Law LLC Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Electrical Service Locksmith Butcher Restaurant

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

Location Intelligence

Trade Area within ½ mile

7,611
Businesses Nearby

Demographics for 55415, MN

5,435
Population
3,124
Households
1.7
Avg Household Size
37
Median Age
70%
College-Educated
96%
High-School Grad
0.4 sq mi
ZIP Area
13,588
Density / Sq Mi
$126,480
Median Household Income
$75,568
Median Earnings
$1,836
Median Rent
$581,500
Median Home Value

Market

Lease Benchmarks for Minneapolis, MN

$16.08 /SF/Yr
Avg Asking Price
$1.67–$26 /SF/Yr
Price Range
7,901 SF
Avg Space Size

This space is priced 13% below the average of $16.08 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - 8,457 SF garden level space for office, retail, storage.
Where is this office units located?
The property is located at 233 Park Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Approximately 8,457 sf of large vacant space available for lease.; Ideal for office, storage, or retail purposes with flexible usage.; New construction: Building completed in 2023, with Suite 1 in wide open space.
More about this property
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