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2438 S 27th Ave
Minneapolis, MN 55406
Office Property For Sale

Property Facts

Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
26,189 SF
Building Class
C
Year Built
1957
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,000 SF
Slab To Slab
10’6”
Building FAR
0.68
Lot Size
0.88 AC
Zoning
Commercial
Parking
51 Spaces (2.04 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

About 2438 S 27TH AVE , MINNEAPOLIS, MN 55406

The CaptionMax building (the “Property”), is a creative office building located in the urban in-fill Minneapolis Seward neighborhood. This two-tenant building is 100% occupied by CaptionMax, a leading expert in captioning and subtitling, and Avivo, a non-profit, formerly RESOURCE. The Property was purchased by the current owner and founder of CaptionMax in 2007 and was transformed into a LEED certified creative office building. Avivo has been a tenant since 2009 and recently executed a seven-year extension with a new lease expiration date of December 31, 2023. The building consists of two stories and a partial basement. All three floors of the building are serviced by an elevator. The Property also includes a garage structure which houses the building’s back-up power generator. CaptionMax relies heavily on the abundant power the building has to offer, including the back-up generator as well as two separate fiber optic lines and two large satellite dishes located on the roof of the main building. This 24/7/365 power and technology is critical to day-to-day operations of CaptionMax. Located on the corner of 27th Avenue and East 25th Street in the Seward neighborhood, the Property offers quick access to I-94, Hiawatha Avenue (MN Hwy. 55), the Blue Line Light Rail, and the Midtown Greenway. The Property’s 51 parking stalls provides convenient off-street parking not found in the area. The Property is located directly across from Matthews Park and very close to the many restaurants on Franklin and Riverside Avenues.

Property Taxes

Property Taxes

Parcel Number
36-029-24-13-0013
Land Assessment
$615,400
Improvements Assessment
$3,314,600
Total Assessment
$3,930,000
  • Listing ID: 9994738

  • Date on Market: 11/16/2017

  • Last Updated:

  • Address: 2438 S 27th Ave, Minneapolis, MN 55406

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