Minneapolis, MN Office Property For Sale

This is part of a Portfolio Package including the following properties:

3338 University Avenue SE - 30-029-23-41-0024

3350 University Avenue SE - 30-029-23-41-0021

◆ Owner/user commercial building with existing cash flow. ◆ On light rail in Prospect Park.

◆ On site parking.

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

-Portfolio of three 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.

-Two properties have a guaranty by Meridian Behavioral Health, LLC.

Meridian is one of over 150 companies owned by Audax Group which

has over $16 billion in assets.

-Meridian Behavioral Health is one of the fastest growing, leading

behavioral healthcare platforms in the country. Currently, there are 20

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

◆ 1706 University Ave W, St Paul MN

◆ Portfolio Package Price: $16,143,800

◆ Site can be sold as one property either for

redevelopment or to utilize the existing structure

and reap the benefits of an oversized parking lot in

the City of Minneapolis

◆ The proposed redevelopment site along Glenwood

is approximately 48,000 SF, which would yield a site

of approximately 75,767 SF for the existing office

building

◆ City of Minneapolis 2040 plan guidance places this

property in the Transit 15 corridor which supports

mixed use projects of up to 15 stories

◆ The existing office building has tall ceilings, great

lighting and views of downtown Minneapolis, which

make it a prime candidate for conversion to a school,

church or other office use

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

This is an amazing opportunity to own a great commercial property in a highly visible retail location! Located in Whittier Neighborhood, on Minneapolis' "Eat Street," currently set up as a dentist, this building and site are highly versatile, a prime redevelopment option. Property is owner occupied - there is no rental information.

See 3D tour in supplements. Contact Mike Smith with questions 651-324-6211. Property is owner occupied - there is no rental information.

The historic Keg House building is a 44,782 SF unique loft style office building located on the Grainbelt Brewery Campus in Northeast Minneapolis along the Mississippi River. Keg House Arts Building offers the added amenities of a bar/restaurant and a coffee shop, great views of Sheridan Park and is surrounded by new residential development.

- Located on the Grainbelt Brewery Campus.

- The historic Keg House Arts Building is a unique loft style office

building with the added amenities of a bar/restaurant and a coffee

shop.

- Great views of the Mississippi River and Sheridan Park.

- 98% leased to a great mix of local businesses.

- Surrounded by new residential development.

- 47 off-street parking stalls.

- Property has solar panels with 5 remaining years of rebates. 2021’s

rebate was $15,000, based on the amount of power generated.

1365 SF Main Level 2-3 offices, reception area/bullpen, kitchenette, bathroom, & ~1400 SF of dry basement storage! Upper level 2 BR Apt 1300SF with ~600 SF Deck and wonderful view! Brand New Furnace, Cable Network, Security & Phone systems installed. Good visibility on Irving and 31st Street w/corner facing signage. Heated Garage fits 2 large utility vans + lot accommodates more vehicles! Building is located just two blocks East of Bde Maka Ska and on bus line. Great for small businesses such as Therapy, Attorney, Accountant, Mortgage, Insurance, Construction or Cleaning Co. that would like income from Apt or a Live/work space.

• 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

Brick & Timber redevelopment opportunity in the North Loop, steps away from Target Field. Historic architecture with high ceilings and gorgeous views of downtown skyline. One block from Target Station Transit Hub.

Fantastic NNN opportunity with a financially strong tenant and a recession-proof use. Eight years of term with five 5-year options remaining, NOI of $198,480. Building is has no deferred maintenance - built in 1986 and completely renovated in 2007. Hassle free investment with tenant paying all expenses directly.

Seller intends to perform an IRC Section 1031 tax-deferred exchange.

•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

Newly renovated BRICK AND TIMBER ready for user or multi-tenant with many area amenities, including skyway, dining, lodging, & more

•Connection to MPLS skyway system (Gateway Parking Ramp/Central

Bus Station 1/2 block away)

•Large indoor garage

•Located next to Latitude 45 Apartments

•Penthouse: 3rd floor exclusive with private access and large rooftop

patio availability

•Elevator access

•State of the art security access

Prominent downtown corner location perfect for creative office or retail

• Expands into 20th N 4th Street; floor plans align

• Rooftop possibilities

• 327 is a 1902 Neoclassical historic building with brick and timber construction;

formally Stearn Building

• Exposed brick, hardwood floors, natural light and exposed timber post and

beams

• New ownership

• Walking distance to Warehouse District Rail Station, skyway system, parking

ramps, Target Center, Target Field, Whole Foods, housing and more

This beautiful single tenant building is now for lease. Located in the heart of South Minneapolis near the busy Lake Street and and Chicago Ave., this property features a beautiful interior with a clean office look, multiple administrative offices, two restrooms and ADA ramps which make the space fully usable and easy to move around. With local ownership, tenants can ensure a quick response and the care that comes with local ownership.

-Single Tenant

-Local Ownership

-Amazing Layout

-24/7 Access

-Below Market Rent

2 story Office Building. Up to 6 Office Suites possible. Call today to setup a showing!

Perfect opportunity for owner/occupier. Modern, brick/timber renovation competed a few years ago. All new maintenance systems, low maintenance.

-Approximately 5k SF of warehouse/showroom space

-Outdoor parking lot of 40+ spaces

-Drive in door with 3 indoor parking stalls

-Outdoor rooftop patio

-Over a dozen offices with multiple conference rooms

• Great Owner/User Building

• Great retail in the neighborhood including the following:

° Parkway Pizza

° Coffee Shop

° Bakery

° Hazel’s Café

• Off street Parking – 24 stalls

• On building signage on Johnson Street

• Audubon Recreation Center and Park 1 block away

• Approximately 1.5 miles from 35W

• Other retail nearby at The Quarry includes Target, Cub, Home Depot,

Michael’s and Pet Smart

Property Overview:

Dental office for sale in Minneapolis.

Property Highlights:

• 2,637 SF main floor

• 6 exam rooms

• 1 laboratory room

• 1 consultation room

• Office/reception area

• 2,000 SF lower level- kitchenette, lounge & 3/4 bath

• Parking lot- 9 spaces with alley access

◆ Located in the heart of Minneapolis CBD

◆ Within walking distance to a Minnesota Viking’s football game

or a Minnesota Twin’s baseball game

◆ Blocks from two light-rail stations (Nicollet Mall and Government

Center)

◆ Multiple skyway hotel connections and ample retail

◆ 15 floors + lower level

◆ Penthouse and potential roof deck

◆ 18,000 sf floor plates

◆ Corporately maintained facility

◆ Two street entrances

◆ Alley access

◆ Average 37 window openings per floor

◆ Six main elevators / one skyway elevator with three

connections to skyway

◆ Current skyway tenants: Classic Cookie Co., Subway and

Sorrento Due

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

• Urban in-fill site located on a good corner w/neighborhood retail around.

• Sufficient parking for the use – 27 parking spots (amongst two parcels).

• Public transportation on the corner providing multiple routes. Visible with easy access to property.

• Recent upgrades to the building include new carpet and Institute of Medicine on 2nd floor.

• 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

Large Windows facing 2nd Ave North. High Ceilings. Dock Door. Drive in door. 6+ off street parking spots. Freight elevator.