For Sale
$1,399,800

400 1St St Minneapolis, MN 55401

Historic building, two suites available.

Overview

Added:
Dec 11, 2024
Days on market:
131
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.

Highlights

  • Two office and retail suites available for sale or lease, each with individual offices for lease.
  • Unit 101: 4,139 square feet, asking price $499,900; features one large kitchen, eight private offices, reception area, open areas, utility room. 2024 Association dues (heat included): $2,234.41 per month.
  • Unit 102: 6,638 square feet, asking price $899,900; features two kitchens, eight private offices, reception area, open areas, and a resource room. 2024 Association dues (heat included): $3,587.32 per month.
  • Two shared restrooms available.
  • Eighteen parking spaces available for lease at $142 per month starting October 1, 2023, with a 2.5% annual increase.
  • Main level, first-floor suites.

Property Details for 400 1St St

Property type
Office properties, Office space
Square Feet
4,139 SF
Class
B
Year Built
1900
Buildings
1
Stories
6
Units
2

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9873189
Longitude
-93.2712687
400 1St St, Minneapolis, Minnesota

FAQs

What type of property is this?
Office property - Historic building, two suites available.
Where is the office property located?
The property is located at 400 1St St Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,399,800.
What are key features of this property?
This property features: Two office and retail suites available for sale or lease, each with individual offices for lease.; Unit 101: 4,139 square feet, asking price $499,900; features one large kitchen, eight private offices, reception area, open areas, utility room. 2024 Association dues (heat included): $2,234.41 per month.; Unit 102: 6,638 square feet, asking price $899,900; features two kitchens, eight private offices, reception area, open areas, and a resource room. 2024 Association dues (heat included): $3,587.32 per month.
How can I contact the broker?
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400 1St St
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