1515 NE Central Ave | Minneapolis, MN 55413
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- LoopNet Team
1515 NE Central Ave
Minneapolis, MN 55413
1515 Central and Brinks · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Low Land Value | The asking price equates to just over $43 per square foot for the land
- Vibrant And Growing Neighborhood | Over 3,000 new multi-family units over the past seven (7) years
- Covered Land Play | The current long-term office and Brinks tenancy provides stable and predictable in-place income
- 9.05 Acres in Northeast | The Property represents one of the largest contiguous land parcels in Northeast Minneapolis
- Brinks Single Tenant Lease | The publicly traded company, has occupied its building for over 20 years and recently renewed for an additional 5 years
- Unique and Highly Desired Creative Office Space | The tenants of the 1515 Building have taken advantage of the building’s exceptional clear heights
PROPERTY FACTS
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
90,455 SF
Building Class
B
Year Built/Renovated
1928/2012
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
71,353 SF
Building FAR
0.36
Lot Size
5.72 AC
Zoning
I-2 - Light Industrial District
Parking
280 Spaces (3.92 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 13-029-24-22-0104 | Improvements Assessment | $6,076,000 |
| Land Assessment | $924,000 | Total Assessment | $7,000,000 |
PROPERTY TAXES
Parcel Number
13-029-24-22-0104
Land Assessment
$924,000
Improvements Assessment
$6,076,000
Total Assessment
$7,000,000
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