1723 Adams NE St, Minneapolis, MN 55413-1411
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
I1 · Minneapolis, MNMinneapolis. Always verify with local authorities before improvements.
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.