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Property Overview
Price/Rent PSF $ 4,250,000.00
Asset Type Industrial
Trade Type Sale & Lease
SQ. FT. Available 48,680
Date Available 01/15/2018
Additional URL Link
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Description

PENDING -Centrally Located Light Industrial Building For Sale In Minneapolis!

434 Lakeside Ave is a highly desirable North Loop location offering direct visibility to I-94 with over 109,000 vehicles passing by each day. The parcel is over 2 acres and located in the heart of Minneapolis next to the Farmer’s Market; blocks to Target Field and Target Center, and steps to the future Royalston Light Rail Station.

This offering has excellent potential for either an owner/user looking to maximize the central location, or a re-development opportunity for one of the last available parcels in the Lower North Loop area. The building is fully leased to two tenants. The owner, Accent Fixtures, occupies 32,680 SF and is flexible either leasing or relocating. Litin Party Value occupies 16,000 SF and has a lease in place.

Highlights and Features:
• Building: 48,680 sf
• Year built/renovated: 1961/1965
• Lot size: 2.09 Acres
• Clear height: 12’ Office/Showroom, 18’ Warehouse
• 3 dock doors and 1 drive in service door
• Fully sprinklered
• Climatized warehouse
• Parking: 50 spaces
• Excellent visibility from I-94
• Redevelopment area
• Zoning: I-1 allows for a variety of uses including MUH,
Office, Retail or Industrial
• Traffic Counts: I-94 – 109,000 vpd

For Sale:
• Building: 48,680 sf
• Sale Price: $4,250,000.00 ($87.30 psf)
• 2017 Tax: $83,278.52

For Lease:
• Office/Showroom: 9,500 sf
• Office Rate: $10.00 NNN psf
• Warehouse: 23,180 sf
• Warehouse Rate: $4.75 NNN psf
• 2017 CAM & Tax: $2.15 psf

Location

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