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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

251 1St Ave Minneapolis, MN 55401

67,501 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Werc Werk Works Film Production Television Studio
  • 1771 Co (Bike/Boat/Book/etc) Store Corporate Office
  • Bom Dia Treats Restaurant
  • Sezzle Bank Credit Union
  • Brain Hive Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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