105 5Th AveMinneapolis, MN 55401

  • Other commercial real estate
  • 161,820 SF
For Lease
$18/SF/YR View listing

Property Details for 105 5Th Ave

Year built
1890
Construction
BRICK
Lot size
0.42 AC
Property size (Sq ft)
161,820 SF
Zone code
C3A
Property type
Other commercial real estate
APN
23-029-24-34-0053
APU
2302924340053

Description

This iconic seven-story Crown Roller Mill building, situated on 4.2 acres at 105 5th Ave S, Minneapolis, MN 55401, offers 98,334 square feet of executive office space. Built in 1890, this property boasts updated common areas and an expansive outdoor deck providing breathtaking views of the Mississippi River, the city's central business district (CBD), and the Mill District. The building is zoned C3A (APN: 23-029-24-34-0053) and currently has 37,828 square feet of vacant space available, divisible into units as small as 4,190 square feet, with a maximum contiguous space of 27,583 square feet. The property benefits from on-site property management and offers both on-site and underground parking, with convenient access to multiple municipal parking ramps. Its prime location within the historic Whitney Mill Corridor places it in close proximity to the Minneapolis CBD, Mill Ruins Park, Stone Arch Bridge, Gold Medal Park, the new Waterworks Park, and numerous acclaimed restaurants, including Owamni by the Sioux Chef, Kindee Thai, Smith & Porter, and Sawatdee, as well as the renowned Guthrie Theater. Annual property taxes are $15.64 per square foot.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $34,053,960
    Hospitality
    $31,193,246
    Educational
    $25,952,414
    Medical
    $26,844,958
    Retail
    $40,370,424
105 5Th Ave, Minneapolis, Minnesota
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Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9805
Longitude
-93.2597
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$253,953
$2,401,200
$5,798,800
$8,200,000
-
$2,401,200
$5,798,800
$8,200,000

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