1505 Central AveMinneapolis, MN 55413

Property Details for 1505 Central Ave

Year built

1898

Construction

WOOD

Lot size

3.54 AC

Property size (Sq ft)

128,318 SF

Property type

Industrial properties

APN

13-029-24-22-0106

APU

1302924220106

Description

This exceptional 60,000-square-foot industrial property, located at 1505 Central Ave NE in Minneapolis, Minnesota, presents a unique investment opportunity. Situated on a 0.89-acre lot within Hennepin County, this vacant building offers significant potential for a variety of commercial and research & development uses. The property is zoned I1 and features a single building with a 14-foot ceiling height, providing ample space for storage and operations. The previous tenant was Aaron Carlson Co. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for most operating expenses. The property's location in the thriving Nordeast Minneapolis neighborhood offers excellent access to transportation routes and a growing workforce. In addition to the substantial indoor storage space, the property also provides opportunities for outdoor yard storage. This versatile property is ideal for businesses seeking a large, well-located industrial space in a dynamic Minneapolis market. The property's size and features make it suitable for a wide range of industrial and R&D applications. Serious inquiries are encouraged to explore the possibilities of this prime Minneapolis industrial real estate offering.

• Alternative Use

  Use

  Valuation

  Residential

  $27,003,684

  Hospitality

  $24,735,230

  Educational

  $20,579,422

  Medical

  $21,287,180

  Retail

  $32,012,432

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

45.0031

Longitude

-93.2457

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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