Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    811 Lasalle Ave Minneapolis, MN 55402-2030

    • Commercial real estate
    • 81,184 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0453572
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Gardner School of Minneapolis / Daycare Center
    • Greenway Chiropractic, Dr. Chad R. Laux / Alternative Medicine Practice
    • SP+ Parking / Parking Lot & Garage
    • LadiLuxeLLC / Event Planning / Wedding Service
    • AlphaGraphics / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 811 Lasalle Ave

    Year built
    1969
    Construction
    TILT-UP CONCRETE
    Lot size
    0.93 lot acres
    Property size
    81,184 SF
    Zone code
    B4-2
    Property type
    Commercial real estate
    APN
    27-029-24-12-0144
    APU
    2702924120144

    Description

    811 LaSalle Avenue in Minneapolis, MN (zip code 55402) offers exceptional office space for lease. This vibrant location provides easy access to downtown via three convenient skyway connections, placing your business within a short distance of Nicollet Mall. The building benefits from high pedestrian traffic, both on the street and within the skyway system, ensuring excellent visibility and accessibility for your clients and employees. The property offers a variety of suite sizes, ranging from 749 square feet to 6,771 square feet, allowing for flexible configurations to accommodate businesses of various sizes and needs. Tenancy is multiple, meaning there are several units available. On-site amenities add to the convenience, including a Residence Inn hotel, a Highland Bank branch, and a readily available parking facility. The property type is listed as both retail and office, indicating the versatility of the space and its suitability for a range of businesses. This is a truly opportune location for businesses seeking a thriving and well-connected address in the heart of Minneapolis. The building's prime location and convenient amenities make it an ideal choice for companies looking to establish a strong presence in the city.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,005,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $791,000
      Market price range: $132k - $5.58M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2745
    Latitude
    44.9759
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $169,114
    $1,729,500
    $1,621,500
    $3,351,000
    -
    $1,729,500
    $1,621,500
    $3,351,000

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      Penn And Lowry Avenues

      Land • 12,197 SF
      0 Penn And Lowry Avenues, Minneapolis, MN 55402
      View Details
    • Value Estimation by Request
      156 SF

      501 Nicollet Mallg

      COMMERCIAL (GENERAL) • 156 SF
      501 Nicollet Mallg, Minneapolis, MN 55402
      View Details
    • Value Estimation
      $33,520,000
      722,424 SF

      501 Nicollet Mallj

      COMMERCIAL (GENERAL) • 722,424 SF
      501 Nicollet Mallj, Minneapolis, MN 55402
      View Details
    • Value Estimation
      $9,375,000
      1,312,757 SF

      620 2nd Ave Sc

      COMMERCIAL (GENERAL) • 1,312,757 SF
      620 2nd Ave Sc, Minneapolis, MN 55402
      View Details
    • Value Estimation
      $48,005,000
      1,065,354 SF

      800 Nicollet Mall

      COMMERCIAL (GENERAL) • 1,065,354 SF
      800 Nicollet Mall, Minneapolis, MN 55402-7000
      View Details
    • Value Estimation
      $4,460,000
      235,847 SF

      700 Nicollet Mall

      COMMERCIAL (GENERAL) • 235,847 SF
      700 Nicollet Mall, Minneapolis, MN 55402-2040
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,170 SF

      Nicollet Mall Office Building

      Office building located on Nicollet Mall in Minneapolis.
      651 Nicollet Mall, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      22,693 SF

      Downtown Minneapolis Restaurant Ready Space

      Second-generation restaurant space in bustling downtown Minneapolis.
      86 South 9Th St, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      14,316 SF

      Minneapolis Office Building For Sale

      Office building with 14,316 square feet of space.
      615 N 7Th St, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      13,544 SF

      Downtown Minneapolis Redevelopment Opportunity

      Downtown Minneapolis site for potential redevelopment.
      414 S 8Th St, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      17,100 SF

      Prime Office Space on Nicollet

      Office space with high ceilings and excellent signage opportunities.
      815 Nicollet Mall, Minneapolis, MN 55402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Minneapolis Office Space Available

      Iconic building reinvented for modern office use in Minneapolis.
      700 Nicollet Mall, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      3,217 SF

      Prime Office Space in Minneapolis

      Office space in the heart of Minneapolis CBD for rent.
      800-802 Nicollet Mall, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      7,070 SF

      Downtown Minneapolis Office Space

      Office space in the heart of downtown Minneapolis.
      45 S 7Th St, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      959,264 SF

      Minneapolis Office Space Available

      Large office building in Minneapolis, MN, available for lease.
      707 S 2Nd Ave, Minneapolis, MN 55402
      View Details
    • $10 SF/Yr
      4,796 SF

      Minneapolis Office Space for Lease

      Flexible Workspaces in Downtown Minneapolis
      120 6Th St, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      2,587 SF

      Retail Space in Minneapolis

      Retail property available for rent in Minneapolis, MN.
      200 S 6Th St, Minneapolis, MN 55402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    811 Lasalle Ave
    Minneapolis, MN 55402-2030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.