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327 N 1st Avenue, Minneapolis, MN 55415

Historic office space with exposed timber and brick, hardwood floors, and abundant natural light.

Property Size17,000 SF
Days on Market10

Property Features for 327 N 1st Avenue

General Information

Standard status Active
Size 17,000 SF
Net Rentable 17,000 SF
Property subtype Retail, Office

Space & Availability

Available Space 17,000 SF
Contiguous Space 17,000 SF

Amenities

natural light
hardwood floors

Building Details

Building Size 13,934 SF
Year Built 1902
Construction exposed timber and brick
Listing Agency: ASSEMBLY MN LLC
Listed By: Nick Peterson · License #40896119
Source: Crexi
Added: Jul 22 Changed: Jul 31 Last Checked: Jul 31 at 5:57AM

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 ASSEMBLY MN LLC

Investment Insights

Based on property information with market context.

A character-rich office property made up of two connected historic buildings. The space is flooded with natural light and features exposed timber and brick, along with hardwood floors. Built in 1902, the building offers a flexible layout for office use and also supports retail uses.

The property’s address at 327 N 1st Avenue places it close to amenities and attractions in Minneapolis, Minnesota. With approximately 17,000 SF, it may fit a range of office and retail configurations.

The building also presents a potential for residential conversion, including potential for rooftop access, subject to the requirements for that use.

Key Highlights

  • Two connected historic buildings
  • Approximately 17,000 SF
  • Exposed timber and brick throughout

Property Analytics

Current Use

Recycling Balers of Minnesota Factory

Suggested Use

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

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

12,088
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

$17 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
76,115 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office building - Historic office space with exposed timber and brick, hardwood floors, and abundant natural light.
Where is this office building located?
The property is located at 327 N 1st Avenue Minneapolis, MN.
What are key features of this property?
This property features: Two connected historic buildings; Approximately 17,000 SF; Exposed timber and brick throughout
More about this property
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