2021 Hennepin AveMinneapolis, MN 55413

  • Commercial real estate
  • 88,075 SF
For Lease
$18/SF/YR View listing

Property Details for 2021 Hennepin Ave

Year built
1923
Construction
CONCRETE
Lot size
2.22 AC
Property size (Sq ft)
88,075 SF
Zone code
I1
Property type
Commercial real estate
APN
18-029-23-33-0046
APU
1802923330046

Description

This exceptional office property, located at 2021 E Hennepin Ave in Minneapolis, MN 55413, offers a diverse range of executive and creative office spaces. Eleven suites are currently available, ranging in size from 1,188 square feet to 10,342 square feet, catering to businesses of various scales. The building boasts a prime location in the heart of the Twin Cities, conveniently situated between Minneapolis and Saint Paul, providing easy access to both downtowns. Commuting is simplified with quick access to major highways including I-35, I-94, MN 36, and MN 280. The vibrant surrounding area offers a wealth of amenities, including independent art galleries, diverse dining options, specialty coffee shops, micro-breweries, distilleries, and entertainment venues. For everyday needs, the nearby Quarry Retail District provides convenient access to major retailers such as Target, Cub Foods, Home Depot, and PetSmart. Building amenities enhance the workspace experience, featuring two large common conference rooms perfect for meetings and presentations, and a full concierge service for added convenience. Public transportation is readily available with a METRO Transit bus stop directly on East Hennepin Avenue. On-site property management ensures smooth operations and efficient building maintenance. This property presents a unique opportunity to establish a thriving business in a dynamic and desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $18,534,808
    Hospitality
    $16,977,784
    Educational
    $14,125,318
    Medical
    $14,611,109
    Retail
    $21,972,716
2021 Hennepin Ave, Minneapolis, Minnesota

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9919
Longitude
-93.2232
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$95,748
$677,500
$2,332,500
$3,010,000
-
$677,500
$2,332,500
$3,010,000

FAQs

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