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    430 1St Ave Minneapolis, MN 55401

    Sponsored
    For Lease
    $8 SF/Yr

    Historic building, modern amenities, vibrant location.

    Lot size:
    164,868 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Kickernick Building, a stunning seven-story structure at 430 N 1st Ave, Minneapolis, MN 55401, presents a unique investment opportunity. Built in 1896 and extensively renovated in 2019, this Class B building boasts 164,868 square feet of versatile space. Its DT2 zoning allows for a variety of uses, including retail, office (creative, coworking, traditional, executive, and medical), restaurant, bar, coffee shop, and art studio. The building features three elevators – both passenger and freight – ensuring efficient movement throughout its multiple tenancies. Situated in the North Loop submarket within the Warehouse District, this property enjoys exceptional accessibility, being adjacent to light rail and in close proximity to major attractions like Target Center and Target Field. The building's blend of historic character and contemporary upgrades makes it an ideal location for a diverse range of businesses. This prime Minneapolis location offers unparalleled potential for growth and profitability.

    Property Features for 430 1St Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    164,868 SF
    Class
    B
    Total Rate
    110049.39

    Building Details

    Year Built/Renovated
    1896/2019
    Stories
    7

    Unit(s) available at that property

    Space
    Suite 400
    Size
    7,445 SF
    Rate per SF
    $8
    Space
    Suite 550
    Size
    22,478 SF
    Rate per SF
    $8
    Space
    Suite 630
    Size
    5,129 SF
    Rate per SF
    $14
    Space
    Suite 206
    Size
    1,127 SF
    Rate per SF
    $10
    Space
    Suite 665
    Size
    1,624 SF
    Rate per SF
    $12
    Space
    Suite 620
    Size
    4,250 SF
    Rate per SF
    $14
    Space
    Suite 610
    Size
    2,179 SF
    Rate per SF
    $14
    Space
    Suite 213
    Size
    625 SF
    Rate per SF
    $10

    HighLights

    • Seven‑story, 164,868 SF Class B building in Minneapolis' North Loop submarket.
    • 2019 renovation featuring exposed brick and wood beams, combined with modern amenities.
    • Three elevators (passenger and freight), fob access, bike storage, showers, and a stylish lobby.
    • Private offices, conference rooms, and available parking.
    • DT2 zoning allows for diverse uses including retail, office (various types), restaurant, bar, and art studio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Framework Marketing Agency Hark Bakery Bakery Ethereal Sound Bath Reiki Therapist LinkUp Newspaper Publisher Hanley Wood Marketing Marketing Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.273382088093
    Latitude
    44.98066759479

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    FAQs

    What type of property is this?
    Restaurant - Historic building, modern amenities, vibrant location.
    Where is this restaurant located?
    The property is located at 430 1St Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $8-$14 SF/Yr.
    What are key features of this property?
    This property features: Seven-story, 164,868 SF Class B building in Minneapolis' North Loop submarket.; 2019 renovation featuring exposed brick and wood beams, combined with modern amenities.; Three elevators (passenger and freight), fob access, bike storage, showers, and a stylish lobby.
    Request Owner's contact information
    430 1St Ave Minneapolis, MN 55401
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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
    430 1St Ave Minneapolis, MN 55401
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