Warehouse
For Sale
Contact for pricing
600 26th Ave NE, Minneapolis, MN 55418
Multi-property industrial offering combining warehouse, office-production, and land components.
Property Size36,354 SF
Price / SF$123.78
Days on Market283
Property Features for 600 26th Ave NE
General Information
Standard status
Active
Size
36,354 SF
Property subtype
INDUSTRIAL
Building Details
Buildings
2
Listing Agency:
Transwestern
(612) 343-4200
Listed By:
Eric Rapp · License #20080295
(612) 805-1808
Source:
Moodyscre
Added: Jan 6
Changed: Oct 1
Last Checked: Oct 16 at 10:52AM
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 Transwestern
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Investment Insights
Based on property information with market context.
This industrial portfolio combines two built properties with an adjoining land parcel. The warehouse at 600 26th Ave NE contains 23,970 square feet, while the office-production building at 2607 6th St NE contains 12,384 square feet. The third component, located at 2604 6th St NE, comprises 0.21 acres.
The properties are located in Minneapolis, Minnesota, within the 55418 ZIP code. Together, the two buildings total 36,354 square feet, providing a combined industrial and office-production footprint across the portfolio.
The properties are located in Minneapolis, Minnesota, within the 55418 ZIP code. Together, the two buildings total 36,354 square feet, providing a combined industrial and office-production footprint across the portfolio.
Key Highlights
- 23,970‑square‑foot warehouse at 600 26th Ave NE
- 12,384‑square‑foot office‑production building at 2607 6th St NE
- 0.21‑acre land parcel at 2604 6th St NE
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$386,038
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,720,760
$7.7M
Cap Rate 7%
$5,514,829
$5.5M
Cap Rate 9%
$4,289,311
$4.3M
Market Conditions
NOI Build-Up for 36,354 SF
Gross rent
$571.5K $15.72/SF
− Vacancy
−$20.0K −$0.55/SF
EGI
$551.5K $15.17/SF
− OpEx
−$165.4K −$4.55/SF
NOI
$386.0K $10.62/SF
Area
Minneapolis, MN
Vacancy
3.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,720,760
Cap Rate 7%
$5,514,829
Cap Rate 9%
$4,289,311
Alternative Uses
Best Use
Warehouse
$7.57M
$6.62M – $8.83M
NOI $529,592 @ 7.0% cap · market cap 11.77%
Second Best
Office B
$6.49M
$5.68M – $7.57M
NOI $454,304 @ 7.0% cap · market cap 10.10%
Theoretical Best
Office A
$8.67M
$7.59M – $10.12M
NOI $607,132 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Tom Kraemer, Inc - Storage Containers — 123 NE 27th Ave, Minneapolis, MN 55418
- TKI Intermodal — 123 NE 27th Ave, Minneapolis, MN 55418
- River Land AG — 2901 5th St NE, Minneapolis, MN 55418
- Malt One — 2901 5th St NE, Minneapolis, MN 55418
- Viterra — 3110 California St NE, Minneapolis, MN 55418
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-property industrial offering combining warehouse, office-production, and land components.
Where is this warehouse located?
The property is located at 600 26th Ave NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 23,970‑square‑foot warehouse at 600 26th Ave NE; 12,384‑square‑foot office‑production building at 2607 6th St NE; 0.21‑acre land parcel at 2604 6th St NE
