2715 29Th Ave Minneapolis, MN 55406
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.