Property profile

2715 29Th Ave Minneapolis, MN 55406

OFF-MARKET
Warehouses
32,484 SF Built 1956
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Property summary

AI-generated overview

This Minneapolis industrial property at 2715 29th Ave S offers 32,484 square feet of warehouse space, with 20,971 square feet currently available for lease. Built in 1956, the building features a 12-foot clear ceiling height, providing ample vertical space for storage and operations. The property boasts two convenient drive-in loading doors for efficient loading and unloading of goods. The warehouse's construction is a combination of block and steel, ensuring durability and structural integrity. Column spacing is 20 x 20 feet, offering flexibility in layout and equipment placement. The space includes approximately 500 square feet of office area, providing a dedicated space for administrative tasks. The lease rate is $8.00 per square foot, triple net (NNN), with estimated 2024 real estate taxes and common area maintenance (CAM) charges of $2.75 per square foot. This property is ideally situated in Minneapolis, Minnesota, with the zip code 55406, offering excellent access to transportation routes and a strong local workforce. This is a fantastic opportunity for businesses seeking a well-maintained and functional warehouse space in a prime location.

Property profile

Verified
Property type Warehouses
Year built 1956
Total area 32,484 SF

Cap rate & NOI

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

Location

2715 29Th Ave Minneapolis, MN 55406
Minneapolis metro
Google Maps

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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