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    2907 Hennepin Ave Minneapolis, MN 55408

    Sponsored
    For Lease
    Contact for pricing

    Prime Uptown location, 27,010 sq ft.

    Lot size:
    27,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 27,010-square-foot commercial building, constructed in 1925, presents a unique investment opportunity in Minneapolis' vibrant Uptown neighborhood. The property, situated on a 0.19-acre lot (APN 33-029-24-43-0084), offers multiple tenancy options, with three available spaces ranging from 5,545 to 7,385 square feet, ideal for retail or office use. Its prime location on Hennepin Avenue provides unparalleled access to the area's bustling amenities, including numerous restaurants and retail establishments. The Midtown Greenway is just a block away, offering convenient bicycle commuting, and the Metro Transit hub is nearby for easy public transportation access. The building benefits from excellent highway connectivity, with I-35W, I-394, I-94, and MN-100 easily accessible. Its proximity to Bde Maka Ska and Lake of the Isles adds to its appeal. The Uptown neighborhood boasts a diverse population (37,211) with a high average household income ($105,573) and a median age of 32, creating a strong market for both retail and office tenants. This property represents a rare chance to acquire a well-positioned asset in a thriving and desirable location. The building's traditional office subtype and its location within the Hennepin Avenue Corridor and near the Lyn-Lake hotspot offer significant potential for growth and return on investment.

    Property Features for 2907 Hennepin Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,010 SF

    Building Details

    Year Built
    1925
    Stories
    3

    Unit(s) available at that property

    Space
    LL
    Size
    7,385 SF
    Space
    100
    Size
    7,340 SF
    Space
    300
    Size
    5,545 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2979418
    Latitude
    44.9495744

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Uptown location, 27,010 sq ft.
    Where is this office property / space located?
    The property is located at 2907 Hennepin Ave Minneapolis, MN.
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    2907 Hennepin Ave Minneapolis, MN 55408
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    Minneapolis, MN 55408
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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
    2907 Hennepin Ave Minneapolis, MN 55408
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