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    251 1St Ave Minneapolis, MN 55401

    Sponsored
    For Lease
    $8 SF/Yr

    Downtown Minneapolis Office Space: Multiple Suites Available

    Lot size:
    67,501 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The McKesson Building, located at 251 N 1st Ave in Minneapolis, MN 55401, offers 67,501 square feet of prime office space currently available for lease. This multi-tenant building boasts a blend of traditional and creative office spaces, perfect for a variety of businesses. Suites range from a minimum of 3,500 square feet to a maximum contiguous space of 17,540 square feet, providing flexibility for companies of various sizes. The building features large windows allowing ample natural light, high ceilings, exposed brick walls, and beautiful wood floors, creating a unique and desirable workspace. Its central location in the heart of Minneapolis' Warehouse District and North Loop offers easy access to a vibrant array of dining, entertainment, sports venues, and art attractions. Tenants will appreciate the convenient access to Minneapolis' extensive bike lane and trail system, complemented by secured bike storage within the building. A fitness center with showers and changing facilities is available for tenant use, along with supplemental storage options. Security features include 24-hour card access. For efficient loading and unloading, a drive-up loading dock and freight elevator are provided. Reserved and surface parking contracts are also available. The annual property tax cost per square foot is $9.53.

    Property Features for 251 1St Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    67,501 SF
    Total Rate
    45000.67

    Unit(s) available at that property

    Space
    Suite 100
    Size
    6,888 SF
    Rate per SF
    $18
    Space
    Suite 400
    Size
    8,465 SF
    Rate per SF
    $18
    Space
    Suite 480
    Size
    3,500 SF
    Rate per SF
    $18
    Space
    Suite 500
    Size
    14,776 SF
    Rate per SF
    $18
    Space
    Suite 600
    Size
    14,776 SF
    Rate per SF
    $18

    HighLights

    • 67,501 square feet of prime office space available for lease at 251 N 1st Ave, Minneapolis, MN.
    • Suites range from 3,500 to 17,540 contiguous square feet.
    • Features include abundant natural light, high ceilings, exposed brick, and wood floors.
    • Located in the heart of Minneapolis' Warehouse District/North Loop, offering easy access to amenities.
    • Building amenities include secured bike storage, a fitness center with showers, and 24‑hour card access.
    • Loading dock, freight elevator, and parking options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Werc Werk Works Video Production Service 1771 Co Software Company Bom Dia Treats Restaurant Sezzle Financial Institution Brain Hive Learning Center

    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
    -93.27058265
    Latitude
    44.98231817

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    FAQs

    What type of property is this?
    Office space - Downtown Minneapolis Office Space: Multiple Suites Available
    Where is this office space located?
    The property is located at 251 1St Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 67,501 square feet of prime office space available for lease at 251 N 1st Ave, Minneapolis, MN.; Suites range from 3,500 to 17,540 contiguous square feet.; Features include abundant natural light, high ceilings, exposed brick, and wood floors.
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    251 1St Ave 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
    251 1St Ave Minneapolis, MN 55401
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