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    FOR LEASE
    Industrial properties

    2701 University Ave Southeast, Minneapolis, MN 55414

    115,478 SF 2.84 ac lot Built 1946
    Entity Owned Free & Clear
    Property ID
    US46-0280719
    Property summary
    AI-generated overview

    This 1,915-square-foot office suite is immediately available in the North Star Professional Center, a Class B building (73,710 total square feet) constructed in 1981. Located at 2701 University Ave SE, Minneapolis, MN 55414, this northwest corner suite boasts windows on two sides and offers abundant natural light. The space includes a built-in sink and is in move-in condition. The building features two elevators, underground and surface parking, a security guard, and a recently renovated common area. The building is sprinklered. The property benefits from a responsive landlord and local ownership and management. An improvement allowance is available. The net rent is $13.00 per square foot per year, with estimated 2023 operating expenses of $12.84 per square foot per year. This popular Midway location offers easy access to I-35W, Hwy 280, and I-94, and is conveniently situated near the University of Minnesota campus, a light rail station, bus stop, hotels, retail, post office, banks, restaurants, and regional bike trails. Walkable proximity to Surly Brewing and Fresh Thyme Farmers Market adds to its appeal.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1946
    Construction CONCRETE
    Total area 115,478 SF
    Lot 2.84 ac (123,710 SF)
    Zoning code I2
    APN 11-029-24-21-0015
    UPID US46-0280719
    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
    Current use
    Occupant on record · Public records
    • Stanley C. Johnson, PSYD Physician Medical Clinic
    • North Star Resource Group - Medicare Supplement Division Insurance Agency
    • Livgard, Lloyd & Christel PLLP Law Firm
    • Larson Skinner PLLC Law Firm
    • Heller & Thyen, P.A. Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.22M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.78M
    Blend (final) Blend
    $5.25M
    Owner & transaction history
    City Of Minneapolis
    City Of Minneapolis
    since 2026
    Last sale
    $7.0M
    7 recorded transactions
    2026
    $7.0M
    2020
    $175,000
    2020
    $4.8M
    2018
    2017
    2006
    $4.0M
    2005
    $3.4M
    Zoning & alternative use
    I2 · Minneapolis, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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