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460 Hoover St NE
Minneapolis, MN 55413
Industrial Property For Sale
Investment Highlights
- Located in the heart of Northeast Minneapolis’ sought-after Mid-City Industrial corridor
- Approximately 1.00 acre of dedicated outdoor storage which is paved, fenced, and secured
- Clear heights up to ±21 feet and oversized drive-in access
- 68,280 SF industrial building situated on a 3.21-acre site
- Flexible building configuration with multiple contiguous suites
- Versatile layout suitable for manufacturing, distribution, service, or adaptive uses
Executive Summary
Transwestern is pleased to present 460 Hoover Street NE for sale. This well located industrial property totals approximately 68,280 square feet and is situated on a 3.21 acre site, including roughly one acre of dedicated outdoor storage. Originally constructed in 1928 with subsequent additions through 1999, the building offers a combination of scale and functionality that is well suited for a variety of industrial and adaptive uses. The property benefits from a highly strategic location just north of East Hennepin Avenue, providing excellent access to I 35W, Highway 280, and Highway 36, allowing for efficient connectivity throughout the Twin Cities metro area. Situated within the Mid City Industrial district, one of Minneapolis’ most established industrial areas, the surrounding environment features a dynamic mix of light and heavy industrial users alongside thoughtfully redeveloped properties now home to taprooms, coffee roasters, creative office, and other commercial concepts.
This offering presents a compelling opportunity to acquire a sizable, centrally located industrial asset with flexibility for continued industrial use or repositioning in a highly sought-after Northeast Minneapolis location.
This offering presents a compelling opportunity to acquire a sizable, centrally located industrial asset with flexibility for continued industrial use or repositioning in a highly sought-after Northeast Minneapolis location.
Property Facts
| Sale Type | Owner User | Year Built/Renovated | 1928/1999 |
| Property Type | Industrial | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 21’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 3.21 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 68,280 SF | Opportunity Zone |
Yes
|
| No. Stories | 2 | ||
| Zoning | I-2 | ||
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.21 AC |
| Rentable Building Area | 68,280 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1928/1999 |
| Parking Ratio | 1.46/1,000 SF |
| Clear Ceiling Height | 21’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | I-2 |
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 18-029-23-34-0061 | Improvements Assessment | $4,478,300 |
| Land Assessment | $1,271,700 | Total Assessment | $5,750,000 |
Property Taxes
Parcel Number
18-029-23-34-0061
Land Assessment
$1,271,700
Improvements Assessment
$4,478,300
Total Assessment
$5,750,000
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