Minneapolis, MN Industrial Property For Sale

• Quality infill location just south of downtown Minneapolis

• Great owner user opportunity – potential for multi-tenant

• Nice building image with easy access to Hiawatha Ave

• Existing Office ±4,174 SF

• Building Clear Height 20' clear

• Drive-In Doors 2 doors

• Docks (w/ levelers) 12 docks

• Dock (w/o leveler) 1 dock

• Block Heater Receptacles 18 spaces

• Car Parking 70 spaces

• Electrical Service 800 Amps, 480V

• Dimensions ± 229’ 2” D x 448’ 6” W

• Typical Bays 27’ D x 32’ W

• Outdoor Storage ±43,737 SF

• Additional Features Fenced and secured outdoor storage

• Exciting potential redevelopment

• In-ground heat

• Fenced and paved yard

• New Roof Installed in 2011

• Energy Efficient White Membrane

• Warranty through 2026, covered by Firestone

• Loading: Two (2) Drive-Ins

• Clear Height: 12’

• Zoning: I2

• First class creative office buildout – open concept with high end

finishes throughout.

• Fenced Parking Lot

• Signage

• Public Transportation Nearby

Excellent location in NE Minneapolis easily accessible via 35W or Hwy 280. The 103K SF building consists of 78K SF of main level warehouse with mezzanine & 6,440 SF of office. Bonus space of 16K SF of lower level Drive in warehouse & 2,850 SF of office. The main level 6,440 SF office area consists of open spaces for workstations, 6 private offices, a large conference room and a very nice showroom which connects to the warehouse. The warehouse offers 25'-30' clear height, heavy duty power and 10 docks plus a drive in door access to the lower level warehouse. The building sits on 3.99 acres with ample space for outdoor storage. Zoned PR2. Tours and due diligence materials available upon request.

Newmark is pleased to exclusively offer the fee simple interest

in 1515 Central (the “Property”), comprised of 71,353 square

foot of industrial and creative office, situated on a massive

5.72 acre site in highly desired Northeast Minneapolis.

The Property consists of 3 suites:

41,238 SF | Vacancy | 7,424 SF OFF | 33,814 SF WH | 28’, 21’,

15’ CH 16,494 SF | Occupied by Improving | Creative Office | Available for Sublease 13,621 SF | Occupied by Volta Logistics

The 5.72 acre site is comprised of two parcels; a 2.98 acre parcel under the 1515 building, and the 2.74 acre parcel of vacant land. The combined parcels are underutilized and provide an excellent opportunity for additional development in the high barrier to

entry Northeast market.

The current 2040 re-zoning plan has rezoned both properties to PR1 which allows residential as a conditional use and is designated as Corridor 6 Built Form Overlay District (BFC6). The BFC6 district provides for a maximum height of 6 stories with the ability to increase the height to 10 stories with certain conditions

The Property enjoys multiple access points from both Central Avenue and Fillmore Street and is surrounded on South and East by Northeast Park (northeastpark.org) which includes the Jim Lupient Water Park.

Property Highlights:

• 28.5’ Clear Height

• 60’ Column Free Space

• 100% Air-Conditioned

• Centralized Location

- 0.7 miles to I-35W

- 2.1 miles to I-94

- 4.5 miles to I-694

• Abundant Parking

• Showroom Quality

• Beautiful Creative Office

• 81,800 SF Main level (1,924 SF Office)

• 7,400 SF Mezzanine (2,650 SF Office, 4840 SF Warehouse)

• 89,200 SF Total

• 17 dock doors and 15 levelers

• 3 large drive-in doors

• Large truck courts/outside storage areas

• Clear height 22.5'

• Roof installed in 2009. 15 year warranty

• 6,500 SF Office

55,547 SF Warehouse

62,047 SF Total

• Centrally located

• Multiple tenant availability

• Dock & drive-in loading

• Trailer parking

• 14’ - 40’ clear height

• Potential rail access

• Single tenant or investment opportunity

• 2.4 acre site

• It was formerly a milling operation

• It has a fully operational rail spur onto the property

• Less than four miles to downtown Minneapolis

• Between downtown Minneapolis and the

Minneapolis-St. Paul International Airport

• The 38th Street Light Rail Transit (LRT) Station is 2

blocks south of this site

• The site is zoned I2, with an IL, Industrial Living,

overlay

Ideal owner/occupant industrial facility located near Target Field, the Mpls Farmer's Market and International Market Square. Interior is a blank canvas and flexible for manufacturing, storage & distribution. Multiple drive-in doors on both the front and rear of the property allow for vehicles to drive through the property. Interior ramps located in rear of building provide covered delivery space. New green line light rail stop being built with station adjacent to the property. City of Mpls 2040 plan guidance supports up to a 30 unit mixed-use property if the site were to be redeveloped. Approx 65 surface parking spots. Restrooms located in both office and warehouse space. 5,913 SF of office and 32,782 SF of warehouse.

+ Building Size: 34,848 SF Total

- 28,675 SF Warehouse

- 2,688 SF Main Level Office

- 3,488 SF Mezz. Office

+ Year Built: 1968

+ 2 Story office - mix of open bullpen with perimeter private offices

+ Breakroom

+ 4 Restrooms (main floor and mezz.)

+ Warehouse Mezzanine: 1,800 SF (not included in Total SF)

- Metal pan, wood floor construction (removable)

+ Loading: 3 dock high doors

- (8’ x 12’, 2 levelers, bumpers, awning)

- 1 drive-in door (12’ x 14’)

+ Power: 400 Amp / 480 Volt / 3 Phase

+ Column Spacing: 31.75’ x 27.5’

+ Clear Height: 18’

+ Fully Sprinkled

+ Skylights throughout

+ Industrial scale

+ Comcast Fiber

+ Excess green space available for building expansion, parking lot

expansion or outdoor storage

+ Zoning: I-2, medium industrial district

• Centrally located with easy access to I-94, I-394,

Hwy 55, and downtown Minneapolis

• Uniquely positioned for manufacturing or

redevelopment

• Zoned: PR1: Production Mixed Use

• Sprinkler System: Dry System

• Power: 600A; 277/480V

• Loading: 8 Docks, 1-17'x50 Hangar Door

- Unique Blue Collar Property with Substantial Outside

Storage Potential

- Centrally Located

- 20 Dock Doors

- 3 Drive-Ins

• Centrally Located Distribution Building

• Ample Loading Including a Rail Spur

• Clear Height 16-22

• Building Located Within the Canadian Pacific

Shoreham Rail Yard

Two adjacent parcels with two individual buildings for sale.

• Centrally Located Building For Sale

• 15 Minute drive to MSP Airport

• 16’ Clear Height

• 4 Drive-ins 9’ x 12’

• Trench Drain in Main Warehouse

• Great Building for Automotive Storage, Bus Maintenance,

Landscapers

This handsome brick and timber building was built in 1921 for the Nash Coffee Company. Located in the heart of the NE Mpls artist district. Mixed use building with three floors of studios and first floor of retail, currently occupied by Architectural Antiques. Windows on all floors and all four sides of the building. This is a tremendous opportunity to reimagine the building with residential lofts, boutique hotel and brewery or restaurant.

• PID: 14 029 24 14 0084

• 40,976 square feet on .548 acres

• Sprinkler System: Wet system, entire building

sprinkled with the exception of the warehouse

annex

• Roof: New roof on the main building, warehouse

annex roof replaced in 2001

• Parking: 20+ spaces

• Zoning: 1-2 light industrial

• 2024 Real Estate Taxes: $75,832.56.

• Year Built: 1921

• Income: Currently 21 month to month leases in

place on the 2nd through 4th floors. Retail

occupies the first floor and they are willing

to vacate. $284,255 is the gross annual rent.

• Asking price: $6,800,000.00

• Four floors plus basement and courtyard area

• Adjacent warehouse space on first floor is 6,815

square feet with a loading dock and overhead

door for easy deliveries and will accommodate up

to 10 vehicles

• Elevator was decommissioned in 2001 and is not

currently usable