2907 Hennepin Ave Minneapolis, MN 55408
For Lease
This exceptional three-story, 27,010-square-foot commercial building, constructed in 1925, presents a unique investment opportunity in Minneapolis' vibrant Uptown neighborhood. The property, situated on a 0.19-acre lot (APN 33-029-24-43-0084), offers multiple tenancy options, with three available spaces ranging from 5,545 to 7,385 square feet, ideal for retail or office use. Its prime location on Hennepin Avenue provides unparalleled access to the area's bustling amenities, including numerous restaurants and retail establishments. The Midtown Greenway is just a block away, offering convenient bicycle commuting, and the Metro Transit hub is nearby for easy public transportation access. The building benefits from excellent highway connectivity, with I-35W, I-394, I-94, and MN-100 easily accessible. Its proximity to Bde Maka Ska and Lake of the Isles adds to its appeal. The Uptown neighborhood boasts a diverse population (37,211) with a high average household income ($105,573) and a median age of 32, creating a strong market for both retail and office tenants. This property represents a rare chance to acquire a well-positioned asset in a thriving and desirable location. The building's traditional office subtype and its location within the Hennepin Avenue Corridor and near the Lyn-Lake hotspot offer significant potential for growth and return on investment.
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
C3A · Minneapolis, MNCosts & 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.