Technical
Financial
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Property profile

251 1St Ave Minneapolis, MN 55401

OFF-MARKET
Retail properties & Spaces
67,501 SF
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Property summary

AI-generated overview

The McKesson Building, located at 251 N 1st Ave in Minneapolis, MN 55401, offers 67,501 square feet of prime office space currently available for lease. This multi-tenant building boasts a blend of traditional and creative office spaces, perfect for a variety of businesses. Suites range from a minimum of 3,500 square feet to a maximum contiguous space of 17,540 square feet, providing flexibility for companies of various sizes. The building features large windows allowing ample natural light, high ceilings, exposed brick walls, and beautiful wood floors, creating a unique and desirable workspace. Its central location in the heart of Minneapolis' Warehouse District and North Loop offers easy access to a vibrant array of dining, entertainment, sports venues, and art attractions. Tenants will appreciate the convenient access to Minneapolis' extensive bike lane and trail system, complemented by secured bike storage within the building. A fitness center with showers and changing facilities is available for tenant use, along with supplemental storage options. Security features include 24-hour card access. For efficient loading and unloading, a drive-up loading dock and freight elevator are provided. Reserved and surface parking contracts are also available. The annual property tax cost per square foot is $9.53.

Property profile

Verified
Property type Retail properties & Spaces
Total area 67,501 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Film Production Television Studio
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Restaurant
  • Bank Credit Union
  • Training Center Tutoring Service

Location

251 1St Ave Minneapolis, MN 55401
Minneapolis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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