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    133 1St Ave Minneapolis, MN 55401

    Sponsored
    For Lease
    $16 SF/Yr ($5,800 /Mo)

    Historic Charm, Modern Amenities, Flexible Suites

    Lot size:
    4,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning three-story, 4,350 square foot office building at 133 First Ave N in Minneapolis, MN, offers a unique blend of historic charm and modern functionality. Built in 1880 and renovated in 2005, the property boasts beautiful 19th-century brick architecture. Located just one block from Hennepin Avenue in the vibrant North Loop neighborhood, it provides exceptional access to a wealth of amenities. Enjoy easy walking distance to renowned sporting venues, art galleries, diverse dining options, and exciting entertainment. The Hennepin Avenue Bridge offers convenient access to Northeast Minneapolis, while nearby West River Road provides access to scenic walking and biking paths and green spaces. The building's prime location also benefits from an excellent mass transit score, with easy access to Metro Transit buses and light rail. The property is available for lease as a whole (4,350 sq ft) or in divisible spaces, with a minimum of 1,450 sq ft. The annual property taxes are $10.26 per square foot. This exceptional location and flexible space make this property an ideal choice for businesses seeking a prestigious and convenient address in the heart of Minneapolis. The building's single-tenant occupancy allows for a unique and private work environment. This is a rare opportunity to secure a piece of Minneapolis history while enjoying all the benefits of a modern, well-maintained office space.

    Property Features for 133 1St Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,350 SF
    Total Rate
    5800

    Building Details

    Year Built/Renovated
    1880/2005
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    All Floors
    Size
    4,350 SF
    Rate per SF
    $22

    HighLights

    • Historic 1880 building, renovated in 2005, offering 4,350 square feet of office space.
    • Located in Minneapolis' vibrant North Loop neighborhood, one block from Hennepin Avenue.
    • Offers flexible lease options: full building (4,350 sq ft) or divisible spaces (minimum 1,450 sq ft).
    • Excellent access to amenities, public transit, and recreational areas.
    • Annual property taxes are $10.26 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mennell James A Attorney

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center 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
    -93.268825239638
    Latitude
    44.983584007494

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Amenities, Flexible Suites
    Where is this office property / space located?
    The property is located at 133 1St Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Historic 1880 building, renovated in 2005, offering 4,350 square feet of office space.; Located in Minneapolis' vibrant North Loop neighborhood, one block from Hennepin Avenue.; Offers flexible lease options: full building (4,350 sq ft) or divisible spaces (minimum 1,450 sq ft).
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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
    133 1St Ave Minneapolis, MN 55401
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