322 1St AveMinneapolis, MN 55401

Property Details for 322 1St Ave

Year built

1912

Construction

BRICK

Lot size

0.25 AC

Property size (Sq ft)

39,459 SF

Zone code

B4S-1

Property type

Commercial real estate

APN

22-029-24-41-0125

APU

2202924410125

Description

This six-story, 35,676 square foot office building, located at 322 N 1st Ave, Minneapolis, MN 55401 (near N 4th Street), offers multiple executive, coworking, and creative office spaces. Built in 1903 with renovations in 2003, the building features a unique timber frame with mill brick walls and high ceilings, showcasing its historical charm. Currently, 5,382 square feet of space is available, divisible into units as small as 900 square feet, with a maximum contiguous space of 2,766 square feet. The building boasts updated HVAC systems (2003), a single passenger elevator, and secured entry access. Its B4S-1 zoning allows for a variety of commercial uses. The property sits on 0.25 acres and is conveniently located in the warehouse district, offering easy access to major freeways (I-394 and I-94), public transportation (bus, LRT, and Northstar Line trains), and numerous amenities including the Target Center, Target Field, restaurants, shopping, and entertainment. Lot parking and ramp options are within walking distance. Rental rates range from $20.00 to $26.00 per square foot, modified gross.

• Alternative Use

  Use

  Valuation

  Residential

  $8,303,889

  Hospitality

  $7,606,318

  Educational

  $6,328,367

  Medical

  $6,546,009

  Retail

  $9,844,126

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

44.9818

Longitude

-93.2724

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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