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    2907 Hennepin Ave Minneapolis, MN 55408

    Sponsored
    For Sale
    $3,600,000

    26,947 SF Creative Office, $3.6M

    Property size:
    26,947 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 26,947-square-foot creative office building, constructed in 1925 and renovated in 2019, presents a unique investment opportunity in Minneapolis' vibrant Uptown neighborhood. Located at 2907 Hennepin Avenue, the property boasts a prime location within the CM4 - Destination Mixed-Use District, offering convenient access to numerous amenities. The building's multi-tenant configuration provides flexibility, with a Net NNN lease type. Its strategic placement offers easy access to major highways (I-35W, I-394, I-94, and MN-100), public transportation (Metro Transit hub), and the Midtown Greenway for bicycle commuters. The surrounding area is rich with retail options, restaurants, and recreational opportunities, including proximity to Bde Maka Ska and Lake of the Isles. The Uptown neighborhood itself is characterized by a diverse population (37,211), high average household income ($105,573), and a median age of 32, creating a strong market for both commercial and residential properties. The 0.19-acre lot provides ample space, and the building's $133.60 per square foot asking price reflects its exceptional location and recent renovations. This property is ideal for investors seeking a high-return asset in a thriving urban environment.

    Property Features for 2907 Hennepin Ave

    General Information

    Property type
    Office space
    Square Feet
    26,947 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built/Renovated
    1925/2019
    Stories
    3

    HighLights

    • Exceptional three‑story, 26,947 SF creative office building in Minneapolis' Uptown neighborhood.
    • Prime location in CM4 Destination Mixed‑Use District at 2907 Hennepin Avenue.
    • Multi‑tenant building with Net NNN leases, offering investment flexibility.
    • Excellent access to major highways, public transit, and Midtown Greenway.
    • Surrounded by retail, restaurants, and recreational amenities near Bde Maka Ska.
    • Strong Uptown market with high household income and young demographic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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 space - 26,947 SF Creative Office, $3.6M
    Where is this office space located?
    The property is located at 2907 Hennepin Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: Exceptional three-story, 26,947 SF creative office building in Minneapolis' Uptown neighborhood.; Prime location in CM4 Destination Mixed-Use District at 2907 Hennepin Avenue.; Multi-tenant building with Net NNN leases, offering investment flexibility.
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    2907 Hennepin Ave 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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