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    322 1St Ave Minneapolis, MN 55401

    Sponsored
    For Lease
    $192 SF/Yr

    Historic Charm, Modern Amenities

    Lot size:
    2,766 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-tenant office suite (Suite 200) is located in Minneapolis's vibrant Warehouse District at 322 N 1st Ave, 55401, near 4th Street. Occupying a portion of a well-maintained, three-building complex, this 6-story building boasts a rich history, constructed in 1889 and renovated in 1987. The suite features desirable modern amenities including one elevator, great windows (including floor-to-ceiling options), beautiful cityscape views, hardwood floors, exposed brick walls, and exposed ceilings in select areas. The attractive floor plan is designed to be highly competitive within the Warehouse District's thriving office market. The building's location offers excellent visibility on First Avenue, surrounded by a diverse array of restaurants, nightclubs, and hotels. The Warehouse District itself is experiencing significant growth, with a population increase, particularly among residents under 35, tripling since 2000. This transformation is evident in the area's numerous acclaimed restaurants, bars, and entertainment venues. Conveniently located within walking distance are Target Field (Minnesota Twins) and Target Center (Minnesota Timberwolves and Lynx), further enhancing the area's appeal. Inexpensive parking options are also readily available nearby. This property presents a unique opportunity to establish a presence in a highly sought-after and dynamic urban environment.

    Property Features for 322 1St Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,766 SF

    Building Details

    Year Built/Renovated
    1889/1987
    Buildings
    3
    Stories
    6

    Unit(s) available at that property

    Space
    Size
    2,766 SF
    Rate per SF
    $192

    HighLights

    • Exceptional single‑tenant office suite (Suite 200), 6,000 SF, in Minneapolis's Warehouse District.
    • Located at 322 N 1st Ave, Minneapolis, MN 55401, near 4th Street.
    • Part of a well‑maintained, three‑building complex; building constructed in 1889, renovated in 1987.
    • Modern amenities include elevator, floor‑to‑ceiling windows, hardwood floors, exposed brick/ceilings.
    • Excellent visibility on First Avenue, near restaurants, nightlife, hotels, Target Field, and Target Center; ample nearby parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    MyBookOrders Book Store Book Printing Book Store MyAlerts Software Company Warehouse District Business Association / Organization Gidi Bar & Lounge ... Lounge

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2723182
    Latitude
    44.9816122

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Amenities
    Where is this office property / space located?
    The property is located at 322 1St Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $192 SF/Yr.
    What are key features of this property?
    This property features: Exceptional single-tenant office suite (Suite 200), 6,000 SF, in Minneapolis's Warehouse District.; Located at 322 N 1st Ave, Minneapolis, MN 55401, near 4th Street.; Part of a well-maintained, three-building complex; building constructed in 1889, renovated in 1987.
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    322 1St Ave Minneapolis, MN 55401
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    Minneapolis, MN 55401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    322 1St Ave Minneapolis, MN 55401
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