1414 Marshall StMinneapolis, MN 55413

  • Commercial real estate
  • 29,822 SF
For Lease
$17/SF/YR View listing

Property Details for 1414 Marshall St

Year built
1995
Construction
CONCRETE
Lot size
2.02 AC
Property size (Sq ft)
29,822 SF
Zone code
I1
Property type
Commercial real estate
APN
15-029-24-14-0098
APU
1502924140098

Description

This exceptional 30,000 square foot, two-story Class B creative office building in Northeast Minneapolis offers 18,669 square feet of immediately available space. Located in the vibrant Northeast Minneapolis submarket of Hennepin County, this property boasts a modern design, having undergone renovations in 2014. The building features a unique blend of office space, a dedicated shop area, and ample storage, including a pre-existing paint booth. This makes it ideally suited for life science companies or other creative businesses seeking a distinctive and functional workspace. The building's previous build-out was even highlighted in the Minneapolis/St. Paul Business Journal's "Cool Offices" feature. The current lease term extends through March 2029, offering a significant opportunity for long-term occupancy. The property is multi-tenant, providing flexibility for various business needs. The gross rate is $17 per square foot. This is a rare opportunity to secure a well-appointed, creatively designed office space in a highly sought-after location. Don't miss out on this chance to establish your business in this thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,275,845
    Hospitality
    $5,748,640
    Educational
    $4,782,802
    Medical
    $4,947,289
    Retail
    $7,439,913

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
45.0015
Longitude
-93.2719
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
$103,290
$652,100
$2,732,400
$3,384,500
-
$652,100
$2,732,400
$3,384,500

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