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1601 Hennepin Ave
Minneapolis, MN 55403
Retail Property For Sale
Executive Summary
Adjacent to Loring Park and Minneapolis Sculpture Garden
Brick & timber/loft ambience
Great location for access to Central Business District, Loring Park neighborhood, and Uptown
Easy access to I-94, I-394
Close to entertainment venues, sports arenas, art centers, and green spaces
Near access points to Cedar Lake Bike Trail
High visibility and pedestrian traffic at Hennepin and I-394 traffic intersection
Parking lot on corner of Maple St and Harmon Place, parking also available in Minneapolis College Parking Ramp across Hennepin Ave from property
Brick & timber/loft ambience
Great location for access to Central Business District, Loring Park neighborhood, and Uptown
Easy access to I-94, I-394
Close to entertainment venues, sports arenas, art centers, and green spaces
Near access points to Cedar Lake Bike Trail
High visibility and pedestrian traffic at Hennepin and I-394 traffic intersection
Parking lot on corner of Maple St and Harmon Place, parking also available in Minneapolis College Parking Ramp across Hennepin Ave from property
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,088 SF
Building Class
C
Year Built/Renovated
1916/2000
Price
$2,200,000
Price Per SF
$128.75
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
15’
Building FAR
2.80
Lot Size
0.14 AC
Zoning
B4-S1, Minneapolis - Zoned: BFC4 / Corridor 4 Built Form Overlay District,DP / Downtown Parking Overlay District, DT1 / Downtown Center District,SH / Shoreland Overlay Dis
Parking
5 Spaces (0.29 Spaces per 1,000 SF Leased)
Frontage
60’ on Hennepin Ave
Amenities
- Bus Line
- Freeway Visibility
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 27-029-24-23-0028 | Improvements Assessment | $898,600 |
| Land Assessment | $601,400 | Total Assessment | $1,500,000 |
Property Taxes
Parcel Number
27-029-24-23-0028
Land Assessment
$601,400
Improvements Assessment
$898,600
Total Assessment
$1,500,000
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