400 N 1St St Minneapolis, MN 55401

Property Details for 400 N 1St St

Year built

1900

Construction

BRICK

Lot size

0.43 lot acres

Property size

3,371 SF

Zone code

R6

Property type

Commercial real estate

APN

22-029-24-14-0554

APU

2202924140554

Description

This exceptional offering presents two contiguous, vacant office suites within the prestigious Lindsay Building, located in Minneapolis' vibrant North Loop neighborhood. The property comprises Units 101 and 102, totaling 10,777 net rentable square feet, situated on the main level of a six-story, Class B building constructed in 1900. Unit 101 encompasses 4,139 square feet and features a large kitchen, eight private offices, a reception area, open workspaces, a utility room, and is priced at $499,900. Unit 102, priced at $899,900, offers 6,638 square feet, including two kitchens, eight private offices, a reception area, open workspaces, a copy room, and a resource room. Both units boast 12-foot ceilings, exposed brick and timber, and large windows, creating a unique and desirable workspace. The building's C3A zoning allows for a variety of uses. Shared amenities include two restrooms and eighteen parking spaces available for lease at $142 per month starting October 1, 2023, with a 2.5% annual increase. Association dues cover heating, water, trash removal, master insurance, management fees, snow removal, and interior/exterior maintenance, including reserves. Each unit is equipped with hot water baseboard heating and air handlers capable of both heating and cooling. The asking price for both units is $1,399,800. This presents a rare opportunity to acquire a substantial and well-appointed office space in a highly sought-after location.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Longitude

-93.2712

Latitude

44.9874

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments