Property profile

1723 Adams NE St Minneapolis, MN 55413

OFF-MARKET
Industrial properties
Property ID
US46-0650261
11,922 SF 0.4 ac lot Built 1908
Individually Owned 1-yr Hold ~ Est. High Equity
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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

Location

1723 Adams NE St Minneapolis, MN 55413-1411
Minneapolis metro Census 102500 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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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

since 2025
Last sale
$950,000
5 recorded transactions
2025
$950,000
2019
$345,000
2014
$345,000
2005
$465,000
1969
Price N/A

Zoning & alternative use

I1 · Minneapolis, MN

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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