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Property profile & analytics
FOR LEASE
Commercial real estate

2907 Hennepin Ave Minneapolis, MN 55408

19,215 SF 0.19 ac lot Built 1925
Entity Owned 8-yr Hold Free & Clear
Property ID
US46-0582680
2907 Hennepin Ave, Minneapolis, MN 55408 For Lease
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2907 Hennepin Ave, Minneapolis, MN 55408
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1925
Construction CONCRETE
Total area 19,215 SF
Lot 0.19 ac (8,276 SF)
Zoning code C3A
APN 33-029-24-43-0084
UPID US46-0582680
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
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$1.92M
Owner & transaction history
Williams94 LLC · 8 yrs held
Williams94 LLC
since 2018
3 recorded transactions
2018
$1.5M
2018
$3.1M
2015
$1.5M
Zoning & alternative use
C3A · Minneapolis, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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