1516 Lake StMinneapolis, MN 55408

Property Details for 1516 Lake St

Year built

1925

Construction

CONCRETE

Lot size

0.25 AC

Property size (Sq ft)

17,220 SF

Zone code

C1

Property type

Commercial real estate

APN

33-029-24-34-0048

APU

3302924340048

Description

The Citadel Building offers a unique opportunity to lease vibrant creative office space in a beautifully restored 1925 building. This four-story building boasts 17,273 square feet of total space, with a minimum divisible unit of 285 square feet and a maximum contiguous space of 285 square feet currently available. The space features net rental rates ranging from $15.00 to $22.00 per square foot. Estimated 2024 common area maintenance and taxes are $14.50 per square foot. The building provides convenient access to public transportation, a variety of restaurants and shopping options, and is ideally situated near Bde Maka Ska (formerly Lake Calhoun), Lake of the Isles, and the Midtown Greenway, creating an exceptional work, live, play environment. Tenants and guests enjoy the benefit of 53 off-street parking spaces. Recent renovations have enhanced the common areas, and a first-floor shower/locker room adds to the building's amenities. This is a multi-tenant building offering a prime location and attractive features for businesses seeking a distinctive office space. The available space is perfect for a small business or individual seeking a creative and inspiring workspace.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

44.9487

Longitude

-93.3018

CBSA code

33460

CBSA name

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

Property Tax & Assessments

FAQs

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