1100 Washington Ave Minneapolis, MN 55415

This exceptional investment opportunity presents a ±39,800 square foot, two-story office building situated on a 69,470 square foot lot at 1100 Washington Avenue South in Minneapolis, Minnesota. Built in 1990, the property currently boasts 48% occupancy with a University of Minnesota lease extending through July 2025, with a three-year renewal option. The property's strategic location along South Washington Avenue at 11th Street offers close proximity to I-35W, placing it within a vibrant transit corridor surrounded by commercial and residential properties, many recently redeveloped into modern multi-family residences and condominiums. The surrounding Minneapolis East neighborhood features a significant concentration of multi-family units, with 2,603 units either recently completed or currently under development, adding to the existing 3,547 units. This presents a compelling opportunity for redevelopment, leveraging the property's proximity to the Mississippi River, Gold Medal Park, and US Bank Stadium. The BFT20 overlay district allows for a minimum of six stories and a maximum of twenty stories, with potential for even greater height with project-specific premiums. The property benefits from multiple overlay districts, including BFT20/Transit 20 Built Form Overlay District, DP/Downtown Parking Overlay District, I1/Light Industrial District, and IL/Industrial LIVING Overlay District. The immediate area offers abundant dining options, nationally recognized grocery stores, fitness centers, walking and biking trails, banking services, and public parks, contributing to high walkability and bikeability scores, highly desirable attributes for modern residents. The I1 (Light Industrial) zoning allows for flexibility in redevelopment plans. This property is an ideal acquisition for developers seeking a value-add opportunity in a rapidly growing and desirable Minneapolis neighborhood.