Minneapolis, MN Office Property For Sale

PROPERTY HIGHLIGHTS

*Medical office renovations in 2018

*Two parcels with visibility along the I-394 corridor

*Zoning: OR2, BFC6

*One exit from downtown Minneapolis

*Close proximity to The West End in St. Louis Park

*Walking Distance to future Southwest Light Rail station

*Pedestrian bridge connecting to Bryn Mawr shops/restaurants

*Convenient access off of I-394 at Penn Avenue

*Approximately 35 onsite parking spaces

PRICE: Negotiable

LEASE RATE: Negotiable

727 Hennepin Ave, Minneapolis, MN 55403

Parcel ID: 2202924430082 | Tax: $102,121

Year Built: 1922, fully rehabbed top to bottom in 2014

Building Area: 20,472 SF, including basement

Above Ground: 16,872 SF

Land Area: 3,750 SF

Zoning Code: B4-2/BFC50/DP

Uses: Office/Retail/Classroom, great for Owner/User or multi-tenant opportunity

Features: Huge operable windows, elevator, new HVAC, plumbing & electrical, fully finished basement with golf simulator, 9' clear height, move-in ready

Great redevelopment site. Historic tax credits still available.

This property is ready for redevelopment as multifamily properties , the owner has all the designs and architectural work from office to multifamily conversion. It can also be used as offices.

Minutes from downtown Minneapolis! Professional services building available for an owner/user, investor, 1031 Exchange, redevelopment opportunity. Single-story office building located on busy Hennepin Avenue to the west of Interstate 35W North with convenient access to the metro area/ Updates to the building have been completed. Owner/occupant well-maintained building/property. Convenient off-street parking with up to 12+ spaces. Building signage. Zoned I-2 (Medium Industrial District) Occupy one half, lease the other half!

Front and rear lobby/entrance which splits the building. West and east office wings. With 4 private offices, 2 break areas, 2 restrooms, with build in office cubes, storage area throughout the building. Half based with storage, mechanical area, which could be used for additional office space. Currently used for a professional service business. Security system will go with the building. The space has interior updates (lighting, flooring, walls, etc.).

Curb cut entrance off of Hennepin Avenue on the east side of the building. 12+ off-street parking spaces with an ADA entrance. Two (2) ground level air-conditioning zoned units. Newer windows, roof in good condition. Building well-maintained by owner. Signage available on the building along Hennepin Avenue.

Colliers Minneapolis-St. Paul, on behalf of the Owner, is pleased to present the opportunity to acquire 2600 East 26th Street in Minneapolis, Minnesota. 2600 East 26th Street is an estimated 17,435 square foot light industrial and creative office building consisting of two stories plus a partially finished basement on a 38,760 square foot rectangular lot. The property is zoned I1 (Light Industrial) and has been approved for a four-story multi-family building if purchased with adjacent parcel to the east. An owner-user has the opportunity to purchase this unique creative office asset at a price significantly below replacement costs.

Results Commercial is pleased to offer a rare opportunity to own two floors in a tower in downtown Minneapolis, MN. Perfect owner-occupant or investment purchase of 56,208 SF at Centre Village, built in 1982, in the heart of the Central Business District. We are offering for sale the 24th and 25th floors consisting of 22 office suites including 12 currently leased to professional service tenants such as law firms and luxury retailers. This building consists of a public parking ramp, Hyatt Place, City Heights Condos, and Centre Village located on the top 4 floors with commercial office suites. As you can imagine, the views of downtown Minneapolis from these offices is absolutely spectacular including magnificent views of US Bank Stadium.

Each floor has access via 3 elevators and Centre Village is connected to the infamous downtown Minneapolis skyway indoor walkway system. Centre Village is closely monitored by staff and is very secure. There is a full men’s and women’s restroom on each floor in the common area, a large, shared conference room, plus a full fitness room on the 24th floor with dedicated locker rooms and gorgeous views making this an excellent amenity. There are offices on all 4 sides of the building providing excellent options for new tenants.

The primary tenant and owner occupant, a law firm on the 25th floor with 13,156 SF, will vacate upon sale. This owner has not tried to actively lease open office spaces but there are still 12 tenants in place today. This creates a huge investment opportunity. Many of the spaces are turn-key, ready-to-lease spaces that are perfect for small, medium, or large-sized tenants. These are highly desirable office suites.

These two floors work with the building via agreements (versus CIC – Common Interest Community). These agreements are primarily easement agreements. Building expenses are based on a pro-rata share. However, the 24th and 25th Floors have their own dedicated electric metering and HVAC (replaced in 2022). Please contact the Listing Broker for the breakdown of expenses direct to owners versus pro-rata basis. There is no dedicated parking being sold with the 56,208 SF office space but a public parking ramp is directly connected to the building and surrounding Centre Village.

The entire building including the 24th and 25th floors has been well maintained from the top to bottom. Centre Village is part of a fabulous mixed-use building in a prominent Minneapolis CBD location that you will not want to miss out on. Contact Listing Brokers today to schedule a tour.

Results Commercial has priced this offering of the 24th & 25th floors at Centre Village very competitively. This prime Minneapolis CBD office space is priced at only $84.50 PSF.

Property Sales Video:

https://www.youtube.com/watch?v=03-SY-CAvrw

THIS SALE INCLUDES THE FOLLOWING ASSEMBLAGE:

•3329 University Ave SE Minneapolis, MN 55414

•11400 Julianne Ave N Stillwater, MN 55082

•1706 University Ave W St. Paul, MN 55104

•1609 Jackson St St Paul, MN 55117

Portfolio of four Medical Treatment Centers in Minnesota. NNN leases with annual CPI rent increases, ranging from 2.75% - 5.00%. (remainder of CPI increase carried forward indefinitely)

These locations have operated as Chemical Dependency Centers from 20 to 50 years. All properties have been leased to current tenant for over 15 years. It is extremely challenging to receive zoning approval for chemical dependency centers, making renewal highly likely due to these barriers to entry.

One property has a lease signed by BHG with a guaranty by BHG Holdings LLC with 117 locations in 24 states. BHG is the largest network of opioid treatment centers in the U.S.

Three properties have a guaranty by Meridian Behavioral Health, LLC. Meridian is one of over 150 companies owned by Audax Group which has over $14 billion in assets.

Meridian Behavioral Health is one of the fastest growing, leading behavioral healthcare platforms in the country. Currently, there 10 Meridian properties located throughout the Twin Cities metro and surrounding communities.

This property may be purchased individually or as a portfolio with the following:

◆ 11400 Julianne Ave N, Stillwater MN

◆ 1609 Jackson St, St. Paul, MN

◆ 1706 University Ave W, St Paul MN

◆ Portfolio Package Price: $17,848,912

HIGHLIGHTS:

• Fantastic location in Northeast Minneapolis

• Walking distance from several restaurants and shopping

• The surrounding Northeast Arts District has 1,000+ artist members with studios and galleries in dozens of renovated warehouse conversions

• Over 16 craft breweries within 20 blocks, providing an important part of the social scene and an attractive amenity for office workers

• Excellent opportunity for renovations

• 39,130 total square feet available consisting of 13,096 SF garden level,

13,017 SF first floor & 13,017 SF second floor

• North Loop/Twins Stadium location.

• Former Atomic Data; featuring in place network technology and

security

• Loading dock and two elevators

• Convenient North Loop location; just off Washington Avenue corridor

with quick access to HWY 55, I-94,and I-394

• Property owner will consider lease and/or purchase option

Suntide Commercial Realty, Inc (“Broker”), on behalf of the Owner, is pleased to present the opportunity to acquire Harmon Court located in Minneapolis, Minnesota.

Harmon Court is 31,989 rentable square feet, with 2 stories above ground and one level below grade, located in Downtown Minneapolis just southeast of Interstate 394 in the highly sought after Minneapolis CBD office market.

Amenities:

• Creative, high-image office space

• Interior features include hardwood floors, sweeping

staircase, skylights and charming architectural details

• Easy access to I-394, I-94 and 35W

• Skyway connected parking ramp

• Located close to Hennepin Ave and several public transit

options

• Conveniently close to Lunds & Byerlys on Hennepin

Avenue

• Across the street from University of St. Thomas

• 2 blocks from the Nicollet Mall and farmers market

• Walking distance to Loring Park and Walker Art Center

•Incredible Location

• Skyway connected

• One block from Target HQ

• Onsite parking plus loading dock

• $3M in recent capital improvements

• 78,749 sf of cool, low-rise office space perfect for a

boutique owner user or investor or both.

• Well located on the periphery of the core with easy in-

and-out to I-394.

• Flanked by the sublime, art-influenced Le Meridien

Chambers Hotel and local energy in the University of

St. Thomas’ MPLS Campus.

• A quick 3 minute skyway jump to Target Corp.

• Access to 9.5 miles of additional skyway cutting

through the heart of the NORTH connecting 80 city

blocks of business + amenities — throughout

downtown, The N Loop, Gateway District, into East

Town.

• Rare On-site dedicated no-cost parking. Access to

immediately adjacent ramp.

• One of the last true value-add opportunities in the

MPLS CBD.

• While current ownership has already completed the

capital expense heavy lifting, users or investors can still

stamp the project with upgrades to spec.

Amenities:

• 1/2 block from Nicollet Mall

• Near multiple skyway connections

• Easy access to I-35W and I-394

• Walking distance to shopping, entertainment,

restaurants, sports venues, and green spaces

• Home of the famous five-story Music Wall mural,

painted when Schmitt Music called the building home

SOHO, 718 WASHINGTON AVE N

5,334, 7,475, + 17,471 SF OF COOL, CREATIVE, ELEVATED SPACE in the heart of the most sought after submarket in the North. Flanked by tons of local energy in Parlour, Borough, Bar La Grassa, Black Sheep, etc etc.

FOR LEASE:

$25 NET

FOR SALE

SUITE 301 : 5,334 SF $1.995M

SUITE 306 : 7,475 SF $2.995M

4TH FLOOR: 17,471 SF $6.0M

Ideal investment opportunity for owner occupant business in the heart of Uptown. Located just blocks from Lake Bde Mka Ska. Building includes 2 off street sparking spots, storage shed and adorable porch. Main floor is 1,178 SF and features kitchen and 1/2 bathroom for the commercial space. Upstairs apartment unit is 2 beds and 3/4 bathroom. New carpet throughout.

PROPERTY OVERVIEW

The building is a prime development site located in a Qualified

Opportunity Zone {QOZ). The three-story building totals approximately 17,600 square feet with street retail on the main

level, and approximately 8,800 SF of office space on the second

and third floors.

PROPERTY HIGHLIGHTS

• On-site parking

• Located in the Seven Corners area, walking distance to the

U of M and downtown Minneapolis

• Blocks from Interstate 35W and US Bank Stadium

• Professional and medical once building completed in 1990

• Close proximity to Interstate 35W and I-94

• Adjacent to M Health Fairview Campus and Augsburg University

• Synergistic use of adjacent parking ramp

• Within minutes of downtown Minneapolis and St. Paul

• Long-term lease value driven through incentives, rates, terms and exclusivity