22 5Th StMinneapolis, MN 55403

For Sale
$2,399,000

Historic building, prime location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-story, 25,272 square foot executive office building presents a unique investment opportunity in the heart of Minneapolis's vibrant downtown destination district. Located at 22 N 5th St, Minneapolis, MN 55403, on a 0.19-acre lot, this property, formerly a furniture store, offers significant potential for adaptive reuse. Built in 1908 and zoned DT2 (Downtown Destination District), the building boasts high visibility and foot traffic, benefiting from easy access to major transportation routes. The multiple levels provide versatile space suitable for a variety of uses, including retail, restaurants, entertainment venues, or creative studios. The property retains its unique architectural character, allowing for the preservation of historical elements while incorporating modern updates. Investors may explore leveraging historical tax credits to enhance the property and maximize returns. This is a rare chance to acquire a piece of Minneapolis history with substantial growth potential. The asking price is $2,399,000.

Highlights

  • Prime downtown Minneapolis location in the vibrant destination district.
  • Three-story, 25,272 square foot building offering versatile space for various uses.
  • Potential to utilize historical tax credits for renovations and improved ROI.

Property Details for 22 5Th St

Property type
Other retail properties, Other office properties
Square Feet
25,272 SF
Year Built
1908
Buildings
1
Stories
3
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9804112
Longitude
-93.2730354
22 5Th St, Minneapolis, Minnesota

FAQs

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22 5Th St
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