Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2645 26Th Ave S Minneapolis, MN 55406
    Back to Search
    Property profile & analytics

    2645 26Th Ave S Minneapolis, MN 55406

    View on Map
    • Industrial properties
    • 29,110 SF
    • 0.96 lot acres
    For Sale
    $3,500,000
    View Listing →
    Minneapolis Industrial Property For Sale For Sale
    $3,500,000
    43,562 SF

    Minneapolis Industrial Property For Sale

    Industrial property in Minneapolis, approved for cannabis use.

    2645 26th Ave S, Minneapolis, MN
    View Listing
    Property ID
    US46-0833521
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Glenn Cronkhite / Corporate Office
    • Randbright / Industrial Manufacturer / Production Facility
    • Timesavers, LLC. - Minneapolis / Factory / Industrial Manufacturer
    • La Ink / Environmental Consultant / Professional Services
    • Northcott Banners / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 2645 26Th Ave S

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.96 lot acres
    Property size
    29,110 SF
    Zone code
    I1
    Property type
    Industrial properties
    APN
    36-029-24-42-0026
    APU
    3602924420026

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,538,000
      Market price range: $1.71M - $4.27M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,710,000
      Current use
      COMMERCIAL (GENERAL)
      $4,195,000
      Change: +55% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2341
    Latitude
    44.9542
    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
    $65,898
    $378,000
    $1,797,000
    $2,175,000
    -
    $378,000
    $1,797,000
    $2,175,000

    Comparable in this City

    • Value Estimation by Request
      32,484 SF

      2715 29Th Ave

      Distribution properties • 32,484 SF
      2715 29Th Ave, Minneapolis, MN 55406
      View Details
    • Value Estimation
      $2,970,000
      74,500 SF

      3131 Snelling Ave

      INDUSTRIAL (GENERAL) • 74,500 SF
      3131 Snelling Ave, Minneapolis, MN 55406-1912
      View Details
    • Value Estimation
      $4,835,000
      53,012 SF

      2700 Minnehaha Ave

      INDUSTRIAL (GENERAL) • 53,012 SF
      2700 Minnehaha Ave, Minneapolis, MN 55406-2590
      View Details
    • Value Estimation
      $1,220,000
      12,690 SF

      3249 Snelling Ave

      INDUSTRIAL (GENERAL) • 12,690 SF
      3249 Snelling Ave, Minneapolis, MN 55406-2431
      View Details
    • Value Estimation
      $1,420,000
      14,191 SF

      3301 26th St

      INDUSTRIAL (GENERAL) • 14,191 SF
      3301 26th St, Minneapolis, MN 55406-1725
      View Details
    • Value Estimation
      $5,660,000
      69,919 SF

      2704 27th S Ave

      INDUSTRIAL (GENERAL) • 69,919 SF
      2704 27th S Ave, Minneapolis, MN 55406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,562 SF

      Minneapolis Industrial Property For Sale

      Industrial property in Minneapolis, approved for cannabis use.
      2645 26Th Ave S, Minneapolis, MN 55406
      View Details
    • $1,300,000
      6,270 SF

      Warehouse with Large Parking Lot

      6270 SF warehouse with parking in Minneapolis, MN.
      2500 27Th Ave S, Minneapolis, MN 55406
      View Details
    • Contact for pricing
      30,713 SF

      Industrial Building For Sale

      30,713 SF industrial building on 1.51 acres.
      2843 26Th Ave S, Minneapolis, MN 55406
      View Details
    • Contact for pricing
      6,800 SF

      Contractor Showroom with Storage Yard

      1.33 acre site with remodeled buildings and secure yard.
      3401 Hiawatha Ave, Minneapolis, MN 55406
      View Details
    • $1,300,000
      58,479 SF

      Office and Warehouse Space

      50,000+ sqft building with office, warehouse, and railway spur.
      3400 Cheatham Ave, Minneapolis, MN 55406
      View Details
    • Contact for pricing
      40,000 SF

      Minneapolis Office and Warehouse Space

      50,000+ sqft building with office and warehouse space for sale.
      3400 Cheatham Ave, Minneapolis, MN 55406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Industrial Space with Office Conversion

      4,800 SF industrial space with potential office conversion.
      2650 Minnehaha Ave, Minneapolis, MN 55406
      View Details
    • Contact for pricing
      4,000 SF

      Minneapolis Warehouse Space Available

      Functional warehouse space in a prime Minneapolis urban location.
      3830-3916 Cheatham Ave, Minneapolis, MN 55406
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Space Near Transportation Hub

      20,000 SF industrial space with easy highway and transit access.
      2720 30Th Ave S, Minneapolis, MN 55406
      View Details
    • Contact for pricing
      1,265 SF

      Office Warehouse or Retail Space

      Small bay space suitable for office, warehouse, or retail.
      4224 41St St E, Minneapolis, MN 55406
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      20,000 SF industrial space for lease in Minneapolis.
      2715 29Th Ave S, Minneapolis, MN 55406
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      4701 Hiawatha Ave, Minneapolis, MN 55406
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2645 26Th Ave S
    Minneapolis, MN 55406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2645 26Th Ave S, Minneapolis, MN, 55406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!