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    2715 29Th Ave Minneapolis, MN 55406

    For Lease
    $8 SF/Yr

    32,484 SF Warehouse, 20,971 SF Available

    Lot size:
    32,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Minneapolis industrial property at 2715 29th Ave S offers 32,484 square feet of warehouse space, with 20,971 square feet currently available for lease. Built in 1956, the building features a 12-foot clear ceiling height, providing ample vertical space for storage and operations. The property boasts two convenient drive-in loading doors for efficient loading and unloading of goods. The warehouse's construction is a combination of block and steel, ensuring durability and structural integrity. Column spacing is 20 x 20 feet, offering flexibility in layout and equipment placement. The space includes approximately 500 square feet of office area, providing a dedicated space for administrative tasks. The lease rate is $8.00 per square foot, triple net (NNN), with estimated 2024 real estate taxes and common area maintenance (CAM) charges of $2.75 per square foot. This property is ideally situated in Minneapolis, Minnesota, with the zip code 55406, offering excellent access to transportation routes and a strong local workforce. This is a fantastic opportunity for businesses seeking a well-maintained and functional warehouse space in a prime location.

    Property Features for 2715 29Th Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,484 SF
    Total Rate
    21656

    Building Details

    Year Built
    1956

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    20,971 SF
    Rate per SF
    $8

    HighLights

    • 20,971 SF of warehouse space available for lease in a 32,484 SF building.
    • Easy access to Hwy 55 and I‑94.
    • Walking distance to nearby retailers.
    • Near public transportation (MTC bus & LightRail).
    • On‑site owner/manager.
    • Outdoor storage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2296022
    Latitude
    44.9530973

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    FAQs

    What type of property is this?
    Distribution property - 32,484 SF Warehouse, 20,971 SF Available
    Where is this distribution property located?
    The property is located at 2715 29Th Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 20,971 SF of warehouse space available for lease in a 32,484 SF building.; Easy access to Hwy 55 and I-94.; Walking distance to nearby retailers.
    Request Owner's contact information
    2715 29Th Ave Minneapolis, MN 55406
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    Minneapolis, MN 55406
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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
    2715 29Th Ave Minneapolis, MN 55406
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