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Creative Office Suites with Balconies
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702-716 1st St N, Minneapolis, MN 55401

Flexible office suites offer private and open plans, with select units featuring private balcony views of the Mississippi River.

Property Size5,882 SF
Days on Market1789

Property Features for 702-716 1st St N

General Information

Standard status Active
Size 5,882 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Schafer Richardson
Listed By: Mike Olson
Source: Moodyscre
Added: Sep 8, 2021 Changed: Jul 26 Last Checked: Aug 1 at 12:18PM

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 Schafer Richardson

Investment Insights

Based on property information with market context.

Creative office suites are available in a North Loop Minneapolis building, with flexible configurations including private and open floor plans. Select space includes private balcony views of the Mississippi River. Tenants also benefit from an on-site building conference room and an in-the-building coffee/lunch/café.

The property is located in Minneapolis’ North Loop, about two blocks off Washington Avenue. An adjacent surface parking lot supports employee and guest parking with both contract and daily options.

The building is part of an active local tenant mix, with ACME Comedy Club in the building and other nearby dining and entertainment options listed in the property remarks.

Key Highlights

  • Flexible office suites in North Loop Minneapolis, two blocks off Washington Avenue
  • Suite sizes available from 1,000 to 4,600 SF
  • Select units feature private balcony views of the Mississippi River

Property Analytics

Current Use

Creative space

Suggested Use

Top Pick Butcher Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service Supermarket 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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,199
Businesses Nearby

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

Market

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?
Creative space - Flexible office suites offer private and open plans, with select units featuring private balcony views of the Mississippi River.
Where is this creative space located?
The property is located at 702-716 1st St N Minneapolis, MN.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Flexible office suites in North Loop Minneapolis, two blocks off Washington Avenue; Suite sizes available from 1,000 to 4,600 SF; Select units feature private balcony views of the Mississippi River
(612) 359-5843 Call to check price and availability
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