Property profile

1621-1635 Hennepin Ave Minneapolis, MN 55403

OFF-MARKET
Office Spaces
150,000 SF Built 1911
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Year built 1911
Total area 150,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1621-1635 Hennepin Ave Minneapolis, MN 55403
Minneapolis metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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