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Minneapolis Office Building Near Loring
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1601 Hennepin Ave, Minneapolis, MN 55403

Office building near Loring Park, Minneapolis Sculpture Garden, and Uptown.

Property Size17,088 SF
Price / SF$128.75
Days on Market679

Property Features for 1601 Hennepin Ave

General Information

Standard status Active
Size 17,088 SF
Property subtype Office

Building Details

Year Built 1916
Year Renovated 2000
Buildings 1
Stories 2
Listing Agency: Kenwood Commercial
Listed By: Nils Snyder · License #MN
Source: Crexi
Added: Oct 10, 2024 Changed: Aug 8 Last Checked: Aug 17 at 1:56PM

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 Kenwood Commercial

Investment Insights

Based on property information with market context.

This office building is located adjacent to Loring Park and the Minneapolis Sculpture Garden, offering convenient access to the Central Business District, Loring Park neighborhood, and Uptown. The property features a brick and timber/loft ambience. Its location provides easy access to I-94 and I-394. The property is near entertainment venues, sports arenas, art centers, and green spaces. It is also near access points to the Cedar Lake Bike Trail. The building benefits from high visibility and pedestrian traffic at the Hennepin and I-394 traffic intersection. A parking lot is located on the corner of Maple St and Harmon Place, with additional parking available in the Minneapolis College Parking Ramp across Hennepin Ave from the property. The property has a size of 17088 square feet.

Key Highlights

  • Adjacent to Loring Park and Minneapolis Sculpture Garden
  • Brick & timber/loft ambience
  • Great location for access to Central Business District, Loring Park neighborhood, and Uptown

Property Analytics

Current Use

Ryan Pertile Luxury ... Real Estate Agency Golfing For Good Golf Course Robichaud, Schroepfer & Correia, ... Law Firm Amber Hartman ENGEL ... Real Estate Agency Eli Johnson - Engel ... Real Estate Agency

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Building Supply Electrical Service HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,482
Businesses Nearby

Demographics for 55403, MN

17,707
Population
12,906
Households
1.4
Avg Household Size
35
Median Age
59%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
12,648
Density / Sq Mi
$59,928
Median Household Income
$50,876
Median Earnings
$1,199
Median Rent
$285,200
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?
Office building - Office building near Loring Park, Minneapolis Sculpture Garden, and Uptown.
Where is this office building located?
The property is located at 1601 Hennepin Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Adjacent to Loring Park and Minneapolis Sculpture Garden; Brick & timber/loft ambience; Great location for access to Central Business District, Loring Park neighborhood, and Uptown
(612) 240-7967 Call to check price and availability
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