251 1St Ave Minneapolis, MN 55401
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.
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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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.