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Mixed-Use Zoning | Historic Credit Upside 22 N 5th St 25,272 SF Retail Building Online Auction Sale Minneapolis, MN 55403
Investment Highlights
- 25,272-square-foot retail/office asset at 22 N 5th Street, combining scale, flexibility, and rare downtown repositioning upside.
- Zoned B4S-2, the property supports a wide range of uses, offering investors flexibility and long-term optionality for mixed-use repositioning.
- Built in 1908, the property features historic brick-and-timber construction, high ceilings, and large floor plates suited for modern adaptive reuse.
- Located in Minneapolis’ CBD and Warehouse Historic District near Target Field and First Avenue, benefiting from strong traffic and visibility.
- Situated across from the Warehouse District / Hennepin Avenue Light Rail stop (Blue/Green Lines), offering direct transit access.
- Eligible for historic tax credits, creating a compelling basis for renovation while preserving character and enhancing investment returns.
Executive Summary
Frauenshuh Inc. is proud to offer a 25,272-square-foot retail/office acquisition at 22 N 5th Street in Minneapolis, combining location, flexibility, and upside that is hard to replicate downtown. Ideal for retail, office, or mixed-use, the property benefits from flexible downtown mixed-use zoning. B4S-2 zoning, which supports a broad range of commercial uses, makes the property more attractive to investors seeking optionality.
Positioned in a highly visible and walkable downtown setting near Target Field, First Avenue, and other major entertainment draws, 22 N 5th Street sits within the Minneapolis Central Business District (CBD) and the Minneapolis Warehouse Historic District, benefiting from a dense mix of employment, residential, and entertainment uses, driving consistent foot traffic.
Situated directly across from the Metro Transit Warehouse District / Hennepin Avenue Light Rail stop (Blue and Green Lines) and adjacent to the intersection of N 1st Avenue and N 5th Avenue, which sees a combined daily traffic count of 19,567 vehicles per day (VPD), 22 N 5th Street offers convenient access to Interstates 394, 94, and 35W, supporting strong regional connectivity.
Within a 5-mile radius, the area boasts an affluent population of more than 480,246 residents, with projected annual growth and an average household income of $105,419. Consumer spending exceeds $6.1 billion annually, highlighting a strong labor pool and active customer base.
Built in 1908 and originally used for warehousing dry goods, groceries, and agricultural equipment, 22 N 5th Street served as a regional wholesale distribution center. Since the 2010s, the area has undergone an intense phase of adaptive reuse, transforming into creative office spaces, dining and entertainment, fully cementing its identity as the amenity-driven urban district it is today.
With mixed-use zoning, historic charm, and redevelopment upside, 22 N 5th Street offers a broad range of opportunities to reimagine its next chapter. Eligibility for historic tax credits supporting renovation, while existing features such as high ceilings, large floor plates, and brick-and-timber construction provide a strong foundation for repositioning.
Property tours are by appointment only. Please contact the listing broker to schedule.
Positioned in a highly visible and walkable downtown setting near Target Field, First Avenue, and other major entertainment draws, 22 N 5th Street sits within the Minneapolis Central Business District (CBD) and the Minneapolis Warehouse Historic District, benefiting from a dense mix of employment, residential, and entertainment uses, driving consistent foot traffic.
Situated directly across from the Metro Transit Warehouse District / Hennepin Avenue Light Rail stop (Blue and Green Lines) and adjacent to the intersection of N 1st Avenue and N 5th Avenue, which sees a combined daily traffic count of 19,567 vehicles per day (VPD), 22 N 5th Street offers convenient access to Interstates 394, 94, and 35W, supporting strong regional connectivity.
Within a 5-mile radius, the area boasts an affluent population of more than 480,246 residents, with projected annual growth and an average household income of $105,419. Consumer spending exceeds $6.1 billion annually, highlighting a strong labor pool and active customer base.
Built in 1908 and originally used for warehousing dry goods, groceries, and agricultural equipment, 22 N 5th Street served as a regional wholesale distribution center. Since the 2010s, the area has undergone an intense phase of adaptive reuse, transforming into creative office spaces, dining and entertainment, fully cementing its identity as the amenity-driven urban district it is today.
With mixed-use zoning, historic charm, and redevelopment upside, 22 N 5th Street offers a broad range of opportunities to reimagine its next chapter. Eligibility for historic tax credits supporting renovation, while existing features such as high ceilings, large floor plates, and brick-and-timber construction provide a strong foundation for repositioning.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
25,272 SF
Building Class
C
Year Built
1908
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.48
Lot Size
0.39 AC
Parcel Numbers
Zoning
B4S-2 - Downtown Mixed-use District
Frontage
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
- Pylon Sign
- Signage
- Signalized Intersection
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
37,510
255,321
478,938
2020 Population
34,015
254,530
482,827
2030 Population
38,469
256,581
480,246
2025-2030 Projected Population Growth
2.6%
0.5%
0.3%
Daytime Employees
136,620
270,359
385,851
Total Businesses
7,679
23,152
35,894
Average Household Income
$117,629
$91,923
$105,419
Median Household Income
$89,795
$64,137
$79,083
Total Consumer Spending
$621.1M
$2.9B
$6.1B
Median Age
37.5
33.3
35.7
2025 Households
22,537
115,115
212,973
Percent College Degree or Above
33%
28%
29%
Average Home Value
$510,089
$429,911
$424,402
Nearby Major Retailers
Sale Advisor
Sale Advisor
Laura Moore, Vice President, Corporate Portfolio Services
Laura’s professional experience spans over 24 years in corporate and commercial real estate. Laura has worked with private and publicly held corporate and institutional entities on an array of real estate requirements from strategic planning and market analysis, site selection and acquisitions. Laura’s proven track record in site selection, identifying optimal locations that align with client objectives while considering factors such as accessibility, market demand, and growth potential. Her experience in acquisitions further strengthens her capability to negotiate favorable terms and secure properties that support long-term business strategies.
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Auction Contact
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Mixed-Use Zoning | Historic Credit Upside | 22 N 5th St
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