310 4th S Ave Minneapolis, MN 55415-1099

This remarkable 12-story, 93,352 square foot Class C office building, constructed in 1893 and 1909, presents a compelling value-add investment opportunity in the heart of Minneapolis. Currently 34.2% occupied, the multi-tenant property boasts small, flexible floor plates ranging from 7,500 to 9,500 square feet, ideal for a variety of uses. Located at 310 4th Ave S, Minneapolis, MN 55415, on a 0.347-acre lot, this historic landmark, listed on the Historical Register, is the first steel high-rise in Minneapolis, showcasing stunning Chicago-style architecture with expansive ceiling heights and abundant natural light. Its prime location offers unparalleled connectivity via the Minneapolis skyway system, providing direct access to the Federal Courthouse and proximity to Minneapolis City Hall. The building's strong legal tenant base, facilitated by its convenient access to municipal and federal buildings, allows for higher-than-average rental rates per square foot. The asking price is $4,750,000 ($50.88/sq ft). Zoned DT1, this property offers significant potential for future development, including possible residential conversion, leveraging historical tax credits. Its strategic location provides easy access to major transportation arteries, I-35W and I-94, and benefits from the active residential development currently underway in the surrounding area. This is a rare chance to acquire a piece of Minneapolis history with substantial upside potential.