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Property profile & analytics
FOR LEASE
Commercial land

199 Irving Ave North Minneapolis, MN 55405

Property ID
US46-0289873
Property summary
AI-generated overview

The Bassett Creek Valley district plan aspires to remediate and energize 60 acres of land that connects North Minneapolis to downtown and the rest of the city. It envisions a diverse, mixed-use community that provides job opportunities and affordable housing options within the Harrison Neighborhood while establishing a destination to enjoy the area’s overlooked natural assets. At its core, the district plan envisions an environmentally safe and equitable place to live, work and play for a community that’s experienced generations of disinvestment. Wellington envisions this site being home to creative office space comparable to the Leef North building next door. Like Leef North, Leef South aspires to serve a mix of professional design, marketing and nonprofit groups and works toward the goal of establishing Currie Avenue as the new tree-lined “high street” running west to east parallel to Bassett Creek. The site is an est. 51,980 SF and will house a five-story office building with 11,852 GSF of office on the street level. Each upper level will be comprised of 23,200 GSF, with the upper floor set back along Irving to provide and exterior space that captures the valley and views to Downtown Minneapolis. This land is also available for sale. This is an ideal location conveniently nestled between I-94 and I-394 and just a 5-minute drive from downtown Minneapolis.

Property profile
Verified
Property type Commercial land
UPID US46-0289873
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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