314 1St AveMinneapolis, MN 55401

Property Details for 314 1St Ave

Year built

1886

Construction

BRICK

Lot size

0.12 AC

Property size (Sq ft)

18,240 SF

Zone code

B4S-1

Property type

Commercial real estate

APN

22-029-24-41-0082

APU

2202924410082

Description

This exceptional Minneapolis property, located at 314 N 1st Ave in the vibrant Warehouse District, offers a unique blend of retail and office space totaling 22,800 square feet. Built in 1886, this building boasts significant character, highlighted by large windows, wood floors, exposed wood beams, and brick walls. The ground floor presents 3,627 square feet of prime retail space, ideal for a restaurant, bar, or other high-visibility business. A sizable 3,800 square foot basement area is also available. The second and third floors house currently occupied office spaces, providing a stable income stream. The fourth floor is occupied by a private club, complete with a rooftop deck. The property's location offers unparalleled access to Downtown Minneapolis, placing it within easy reach of the Target Center, First Avenue, and the Hennepin Theater District, while also being adjacent to the thriving North Loop neighborhood. The permitted zoning is B4S-1/BFT10/DP, and the APN is 22-029-24-41-0082. This presents a compelling opportunity for an owner-occupier seeking a combination of ground-floor commercial space and upper-level office areas within a historically significant building. The property's blend of character, location, and existing occupancy makes it a truly remarkable investment.

• Alternative Use

  Use

  Valuation

  Residential

  $3,838,489

  Hospitality

  $3,516,035

  Educational

  $2,925,300

  Medical

  $3,025,906

  Retail

  $4,550,466

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

44.9819

Longitude

-93.2722

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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