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    Property profile & analytics
    OFF-MARKET Estimated value $735,000
    Industrial properties

    1723 Adams NE St, Minneapolis, MN 55413-1411

    11,922 SF 0.4 ac lot Built 1908
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US46-0650261
    Property summary
    AI-generated overview

    This exceptional 13,506-square-foot industrial property, located at 1723 Adams Street NE in Minneapolis, Minnesota, presents a unique investment opportunity for owner-users. The single-story building, constructed in 1908 and extensively renovated five years ago, boasts a flexible layout ideal for a variety of light industrial and office uses. The property features approximately 2,550 square feet of office space and 9,372 square feet of warehouse space on the main level, plus 1,500 square feet of renovated lower-level storage. The office area includes three dedicated offices, a reception area, a workroom, a breakroom, and a conference room. Ceiling heights range from 9 feet in the office to 20 feet in the warehouse. Significant upgrades include a new 600-amp, 208/120V three-phase electrical service, new lighting throughout, a fully wired security system for 14 cameras, and two new Bryant rooftop HVAC units. The building also features a newly installed roof and siding, with a white single-ply EPDM roof covering most of the building. Loading and unloading are facilitated by a 10' x 11' overhead door and an 8' x 8' entry door. The 0.4-acre lot provides seven on-site parking spaces, plus additional street parking and a handicapped-accessible ramp. The property is zoned for light industrial use and is situated in a stable residential area with nearby walking and biking trails. The asking price is $1,200,000, translating to $88.85 per square foot. This property is 100% occupied until November 4, 2024. The property's APN is 1102924430070.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1908
    Construction CONCRETE
    Total area 11,922 SF
    Lot 0.4 ac (17,424 SF)
    Zoning code I1
    APN 11-029-24-43-0070
    UPID US46-0650261
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $735k
    Owner & transaction history
    Darul Mustafa Center · 1 yrs held
    Darul Mustafa Center
    since 2025
    Last sale
    $950,000
    5 recorded transactions
    2025
    $950,000
    2019
    $345,000
    2014
    $345,000
    2005
    $465,000
    1969
    Zoning & alternative use
    I1 · Minneapolis, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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