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1414 NE Marshall St 29,822 SF 62% Leased Industrial Building Minneapolis, MN 55413 $4,000,000 ($134.13/SF) 6.25% Cap Rate
Investment Highlights
- 29,822 RSF situated on 2.12 AC Lot
- NOI of $250,158 in 2025, with a year-over-year increase of 2-2.5% through 3/30/2029
- Creative land-bank opportunity with the ability to apply cashflow to cover carry cost
- 25,000 SF leased through 3/30/2029 – remaining 4,822 SF is with a MTM tenant
- Varying clear heights 18-30’
- Ample parking available to accommodate tenants and visitors
Executive Summary
1414 Marshall Street NE presents a unique opportunity to acquire a riverfront office/warehouse property in the vibrant Northeast Minneapolis submarket. The building offers 29,822 square feet of high-finish space situated on a 2.12-acre site along the Mississippi River, providing both functional utility and scenic appeal. With clear heights ranging from 18 to 30 feet, ample parking, and a creative layout, the building accommodates a variety of uses. Its location offers excellent connectivity to downtown Minneapolis and major transportation routes, making it attractive for both investors and owner-users. Additionally, the site’s riverfront setting and 2.12-acre lot create long-term redevelopment potential in one of the city’s most dynamic neighborhoods.
Property Facts
| Price | $4,000,000 | Lot Size | 2.12 AC |
| Price Per SF | $134.13 | Rentable Building Area | 29,822 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 6.25% | Year Built | 1995 |
| Sale Condition | Redevelopment Project | Clear Ceiling Height | 30’ |
| Property Type | Industrial | No. Dock-High Doors/Loading | 1 |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 4 |
| Building Class | C | ||
| Zoning | N/Av, Minneapolis - CM3 | ||
| Price | $4,000,000 |
| Price Per SF | $134.13 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.25% |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.12 AC |
| Rentable Building Area | 29,822 SF |
| No. Stories | 2 |
| Year Built | 1995 |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | N/Av, Minneapolis - CM3 |
Amenities
- Bus Line
- Fenced Lot
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 3,449 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 3,449 SF | Office | Full Build-Out | Now |
| 1st Floor | 7,895 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 3,449 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 7,895 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 7,895 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 15-029-24-14-0098 | Improvements Assessment | $3,070,900 |
| Land Assessment | $652,100 | Total Assessment | $3,723,000 |
Property Taxes
Parcel Number
15-029-24-14-0098
Land Assessment
$652,100
Improvements Assessment
$3,070,900
Total Assessment
$3,723,000
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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1414 NE Marshall St
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