For Sale: Minneapolis MLS# 6625377
Active
$1,100,000
Commercial: Business,Industrial,Warehouse
Built 1908
0.4 acres
Minneapolis schools
MLS# 6625377
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Property Description
Great location in NE Minneapolis Arts District.... Discover the potential of this office/warehouse property at 1723 Adams St NE, Minneapolis with total 13, 506 total sq/ft, featuring 11, 922 sq/ft on the main floor and 1, 586 sq/ft of lower-level storage. With a versatile design, high-quality finishes, and extensive infrastructure upgrades, this building is ideal for a range of light industrial and office uses.
The property offers approximately 2, 550 square feet of office space and 9, 372 square feet of warehouse space. Current office space is configured for three dedicated offices, lobby/reception area, work room (4th office), storage/break room, two bathroom rough-ins, and conference room. The office area is finished with walls, new electrical, and HVAC, and the main level is roughed-in for a new fire sprinkler system. Ceiling heights vary across spaces, with a 9-foot suspended ceiling in the office area, 11-foot ceilings in multipurpose areas, and 20-foot ceilings in the warehouse, providing a range of spaces to suit diverse needs. Concrete floors have been cut and trenched in designated bathroom and kitchen areas, with plumbing access ready for installation. (see floor plan in supplements).
This building is equipped with modern climate control and insulation, including two new rooftop HVAC unitsâ??a Bryant 581J 5-ton unit above the kitchen area and a Bryant 581J 4-ton unit above the office areaâ??as well as a new Bryant 40K BTU HVAC unit for the lower-level storage area. Newly installed siding and roofâ?¦ The insulated roof with spray foam and flame-retardant paint meets code. White, single-ply EPDM roofing covers the majority of the building, with adhered rubber roofing over the kitchen/office area and a white sprayed membrane for additional durability in the lower office area.
The lower level includes approximately 1, 500 square feet of fully renovated storage with new insulation, electrical, sheetrock, and a recently installed sprinkler system. Upgraded 600-amp, 208/120V phase 3, electrical service with new service panels supports a variety of needs, and the building is fully wired for 14 security cameras (interior and exterior), with new lighting throughout.
Two overhead door options include a 10' x 11' door in Bay 1 and an 8' x 8' door at the entry, providing convenient loading and unloading options. Light industrial zoning allows for varied business operations, and the location is centrally positioned in a stable, upgraded residential area with bike and walking trails nearby for added accessibility. 7 onsite parking stalls plus additional on-street parking and a handicapped-accessible ramp ensure ease of access for staff and clients.
With extensive upgrades already completed, this property offers an outstanding opportunity for owner-users or investors to add their finishing touches and tailor the space to their specific needs. The flexible combination of office and warehouse areas makes this property a unique find for businesses seeking a modern, well-equipped facility in an excellent location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,100,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1908
State:
MN
Property Style:
Business, Industrial, Warehouse
Zip Code:
55413
Neighborhood/Area:
Logan Park
Interior
Basement Details:
- Full
- Storage Space
Exterior
Stories:
One
Garage Spaces:
0
Other Parking Spaces:
7
Air Conditioning:
Central Air, Dual, Zoned
Foundation Size:
11,922 ft2
Handicap Accessible:
Hallways 42"+, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- More Parking Offsite for Fee
- Parking Lot
- Paved
Unit Amenities:
- Dock
- Indoor Sprinklers
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Metal Siding
Roof Details:
- Age 8 Years or Less
- Flat
- Other
- Rubber
Lot & Land
Acres:
0.4
Geolocation:
45.006123755, -93.2560942386
Inclusions:
Building, Land
Lot Dimensions:
60X100X132X135X85
Zoning:
- Business/Commercial
- Industrial
Lot Description:
- Irregular Lot
- Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
None
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
None
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
1
Miscellaneous
Current Use:
- Church
- Commercial
- Warehouse
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of iMetro Property.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.