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    1936 Lyndale Ave Minneapolis, MN 55403

    Sponsored
    For Lease
    $8 SF/Yr

    Fully renovated industrial space, diverse options

    Lot size:
    89,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Watkins Building, a fully renovated industrial property at 1936 Lyndale Avenue South in Minneapolis' Lowry-East neighborhood, offers 89,016 square feet of flexible space. This single, two-story building, originally constructed in 1900 and extensively renovated in 2023, boasts a blend of brick and timber architecture, creating a unique aesthetic. The property features open industrial finishes, abundant natural light, and updated common areas and tenant finishes. With a C2 zoning designation, the building is highly versatile, accommodating a variety of uses including office, creative office, retail, storage/warehouse, and production/assembly. Spaces range from a minimum of 750 square feet to a maximum contiguous space of 15,615 square feet, with 57,413 square feet currently vacant. The building includes two loading docks and three dock-high doors, along with ample free onsite parking. Ceiling heights range from 11 to 18 feet. Situated on a 2.05-acre lot (89,298 square feet) in Hennepin County's MN - West submarket, this property presents a compelling opportunity for businesses seeking modern, flexible space in a vibrant urban setting. The building's sandblasted wood and brick finishes contribute to its distinctive character. Twelve spaces are currently available.

    Property Features for 1936 Lyndale Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    89,016 SF
    Class
    C
    Total Rate
    59344

    Building Details

    Year Built/Renovated
    1900/2023
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Floor 1, Suite 135
    Size
    738 SF
    Rate per SF
    $25
    Space
    Lower Level Warehouse
    Size
    12,615 SF
    Rate per SF
    $8
    Space
    Upper Level Warehouse
    Size
    14,056 SF
    Rate per SF
    $8
    Space
    Floor 1, Suite 140
    Size
    1,787 SF
    Rate per SF
    $25
    Space
    Floor 1, Suite 125
    Size
    846 SF
    Rate per SF
    $13
    Space
    Floor 1, Suite 115
    Size
    183 SF
    Rate per SF
    $13
    Space
    Floor 2, Suite 210
    Size
    6,972 SF
    Rate per SF
    $16
    Space
    Floor 2, Suite 220
    Size
    982 SF
    Rate per SF
    $16
    Space
    Floor 2, Suite 205
    Size
    1,107 SF
    Rate per SF
    $16
    Space
    Floor 2, Suite 225
    Size
    6,217 SF
    Rate per SF
    $16
    Space
    Floor 2, Suite 215
    Size
    726 SF
    Rate per SF
    $16
    Space
    Floor 2, Suite 235
    Size
    528 SF
    Rate per SF
    $12

    HighLights

    • Fully renovated Class C industrial building with sandblasted wood and brick finishes.
    • Open industrial design featuring abundant natural light.
    • Updated common areas and tenant finishes.
    • Free onsite parking available.
    • 11' - 18' clear ceiling heights; 89,016 total square feet, with units ranging from 750 to 15,615 square feet available; 57,413 square feet currently vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Terre Tile Tile Store DBSM Home Health Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2885427
    Latitude
    44.9630606

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    FAQs

    What type of property is this?
    Life science property - Fully renovated industrial space, diverse options
    Where is this life science property located?
    The property is located at 1936 Lyndale Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $8-$25 SF/Yr.
    What are key features of this property?
    This property features: Fully renovated Class C industrial building with sandblasted wood and brick finishes.; Open industrial design featuring abundant natural light.; Updated common areas and tenant finishes.
    Request Owner's contact information
    1936 Lyndale Ave Minneapolis, MN 55403
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    Minneapolis, MN 55403
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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

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    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
    1936 Lyndale Ave Minneapolis, MN 55403
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