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    1621-1635 Hennepin Ave Minneapolis, MN 55403

    For Lease
    $16 SF/Yr

    Downtown Minneapolis office space, multiple sizes.

    Lot size:
    150,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional office building, Loring Corners, located at 1621-1635 Hennepin Avenue in Minneapolis, Minnesota, offers a unique opportunity for businesses seeking prime downtown space. Built in 1911, this three-story, 150,000 square foot building boasts a traditional office style and is situated in the heart of Loring Park, at the west gateway to downtown. The property is currently multi-tenant, with a significant amount of vacant space totaling 24,481 square feet available for lease. Spaces range from a minimum of 154 square feet to a maximum contiguous space of 4,334 square feet, with 11 spaces currently available. The building offers a pet-friendly environment and the convenience of three on-site restaurants providing breakfast, cocktails, and fine dining options. Shared conference rooms are available for all tenants' use. This historic building provides a blend of classic charm and modern amenities, making it an ideal location for a variety of businesses. The property is in Hennepin County, zip code 55403. Fully furnished, move-in ready office space is also available.

    Property Features for 1621-1635 Hennepin Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    150,000 SF
    Total Rate
    200000

    Building Details

    Year Built
    1911
    Stories
    3

    Unit(s) available at that property

    Space
    Available space 17
    Size
    758 SF
    Rate per SF
    $26
    Space
    Available space 16
    Size
    2,261 SF
    Rate per SF
    $26
    Space
    Available space 14
    Size
    154 SF
    Rate per SF
    $26
    Space
    Available space 13
    Size
    1,880 SF
    Rate per SF
    $26
    Space
    Available space 15
    Size
    375 SF
    Rate per SF
    $26
    Space
    Available Space 12
    Size
    560 SF
    Rate per SF
    $26
    Space
    Available Space 10
    Size
    4,334 SF
    Rate per SF
    $26
    Space
    Available Space 8
    Size
    3,925 SF
    Rate per SF
    $26
    Space
    Available Space 11
    Size
    3,259 SF
    Rate per SF
    $26
    Space
    space 2
    Size
    146 SF
    Rate per SF
    $26
    Space
    Available Space 1
    Size
    7,223 SF
    Rate per SF
    $26

    HighLights

    • Prime downtown Minneapolis office building, 150,000 square feet, located at 1621‑1635 Hennepin Avenue.
    • Three‑story, 1911‑built traditional office building in Loring Park, near downtown's west gateway.
    • 24,481 square feet of vacant space available for lease, with 11 spaces ranging from 154 to 4,334 contiguous square feet.
    • Multi‑tenant building with amenities including pet‑friendly environment, three on‑site restaurants, and shared conference rooms.
    • Fully furnished, move‑in ready suites available; Hennepin County, zip code 55403.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2860165
    Latitude
    44.972003

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Minneapolis office space, multiple sizes.
    Where is this office property / space located?
    The property is located at 1621-1635 Hennepin Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Minneapolis office building, 150,000 square feet, located at 1621-1635 Hennepin Avenue.; Three-story, 1911-built traditional office building in Loring Park, near downtown's west gateway.; 24,481 square feet of vacant space available for lease, with 11 spaces ranging from 154 to 4,334 contiguous square feet.
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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
    1621-1635 Hennepin Ave Minneapolis, MN 55403
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