FOR LEASE 121 WASHINGTON AVE S, SUITE #106 MINNEAPOLIS, … · Minneapolis park system has been...

FOR LEASE 121 WASHINGTON AVE S, SUITE #106MINNEAPOLIS, MN 55401

Presented By:

Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]

Lease Rate: $12.00 SF/yr (NNN)

Unit Size: 2000 SF - 7,883 SF

Min Divisible: 2000 SF

Lot Size: 1.41 Acres

Year Built: 1982

Zoning: B4 Downtown BusinessDistrict

Traffic Count: 20,885

OFFERING SUMMARY PROPERTY OVERVIEW

Turn-Key 7,883 square feet of Office space available for Sublease in Minneapolis CBD connected to theSkyway – may be possible to subdivide to about 2,000 square feet. 2.5+ year Sublease through 2/1/2022with the ability for an extended lease term possible. Affordable rates at $12.00/SF NNN with OperatingExpenses & Taxes totaling $10.50/SF/Year. The Suite is built out nicely consisting of 3 conference rooms, areception desk, 15 private offices and with 17 cubicles. Current furniture in the suite is available for use. 1dedicated underground parking space included in the rate with additional parking nearby (see page 15 inthe OM for parking details). Great location on the corner of Washington Ave S and 2nd Ave S in the CentralBusiness District of Minneapolis and is connected to the Minneapolis skyway system. Zoned as B4Downtown Business District with many uses possible.

PROPERTY HIGHLIGHTS• Turn-Key Office Sublease

• Connected to the Skyway in Mpls CBD

• 15 Private Offices, Reception area, 3 Conference Rooms, & 17 cubes

• Possibly Divisible With Multiple Entrances

• $12.00/SF/Year NNN with Operating Expenses + Taxes totaling $10.50/SF/Year

121 WASHINGTON AVE S, SUITE #106MINNEAPOLIS, MN 55401

EXECUTIVE SUMMARY

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LEASE RATE $12.00 SF/YR (NNN)

LOCATION INFORMATION

Street Address 121 Washington Ave S, Suite #106

City, State, Zip Minneapolis, MN 55401

County Hennepin

Signal Intersection Yes

Road Type Paved

Market Type Large

Nearest Highway 394

Nearest Airport MSP International Airport

BUILDING INFORMATION

Occupancy % 0.0%

Tenancy Multiple

Number Of Floors 1

Year Built 1982

Gross Leasable Area 2000 SF - 7,883 SF

Construction Status Existing

Free Standing No

PROPERTY INFORMATION

Property Type Office

Property Subtype Office Building

Corner Property Yes

Traffic Count 20,885

Traffic Count Street Washington Ave S

Amenities Conference Room,Kitchen.Private Office.Receptionist

Power Yes

PARKING & TRANSPORTATION

Street Parking Yes

Parking Type Underground

Number Of Parking Spaces 1

UTILITIES & AMENITIES

Handicap Access Yes

Central HVAC Yes

Restrooms 3

Gas / Propane Yes


PROPERTY DETAILS

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FLOOR PLAN

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SUITE SIZE (SF) LEASE RATE DESCRIPTION

Suite #106 2,000 - 7,883 SF $12.00 SF/yr Operating Expenses & Taxes: $10.50/SF. NNN Rate Equivalent to $22.50/SF Gross. Base lease rate may vary depending on the subdivided space.

LEASE TYPE | NNN

TOTAL SPACE | 2,000 - 7,883 SF

LEASE TERM | Negotiable

LEASE RATE | $12.00 SF/yr (NNN)


AVAILABLE SPACES

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PHOTOS

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PHOTOS

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PHOTOS

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PHOTOS

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PHOTOS

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PARKING

Tenant shall have the exclusive right to one (1) underground parking

stall (“Exclusive Parking Stall”) in the Building. There is a bunch of street

parking located all around 250 2nd Ave S. There are also other options

for contract parking at ramps nearby. The Depot is a block away and

has spots available. Pricing at The Depot is around ~$200 per stall, per

month. Another option would be Downtown Auto Park, another

contract parking ramp nearby. Downtown Auto Park is around ~$275

per stall, per month. There are also many other options a couple of

blocks away. Suite 106 is connected via skyway so the walk would not

have to be outdoors. For more information regarding parking in

Minneapolis please visit the link below.

http://www.ci.minneapolis.mn.us/parking/index.htm


PARKING

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B4-1- BUSINESS DISTRICT

The B4 Downtown Business District is established to provide an environment for retail and office activities of citywide and regional significance. The district alsoallows entertainment, residential and public uses which complete the mixed use character of the area. The B4 District allows the highest density office developmentwithing the downtown area.

Permitted Uses: General Retail, Animal Boarding, Antiques & Collectibles Store, Art Gallery, Art Studio, Bank or Financial Institution, Bookstore (new & used), ChildCare Center, Consignment Clothing Store, Farmers Market, Grocery Store, Laundry (self-service), Market Garden, Motorized Scooter Sales, Neighborhood ElectricVehicles Sales, Office Supplies Sales & Service, Performing, Visual or Martial Arts School, Pet Store, Photocopying, Shopping Center, Tobacco Shop, Veterinary Clinic,Video Store, Catering, Coffee Shop, Liquor Store, Off Sale, Nightclub, Restaurant, Hotel (5-20 or 21+ rooms), Radio or Television Station, Reception or Meeting Hall,Sports & Health Facility, Theater (indoor), Medical Office, Educational Facility (early childhood, preschool, vocational), Club or Lodge, Community Center, Library,Museum, Film, Video & Audio Production, Printing & Publishing.

For more information please visit the following website:https://library.municode.com/mn/minneapolis/codes/code_of_ordinances?nodeId=MICOOR_TIT20ZOCO_CH549DODI_ARTIGEPR_549.30PRUSDODI


ZONING

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MINNEAPOLIS SKYWAY MAP

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RETAILER MAP

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LOCATION MAPS

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VEHICLES PER DAY

Washington Ave S: 20,885 VPD

2nd Ave S: 6,369 VPD

S Marquette Ave: 8,450 VPD

3rd St S: 17,930 VPD

3rd Ave S: 9,903 VPD

4th St S: 18,541 VPD


TRAFFIC COUNTS

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CITY OF MINNEAPOLIS

Minneapolis lies on both banks of the Mississippi River, just north of the river'sconfluence with the Minnesota River, and adjoins Saint Paul, the state's capital.The city is abundantly rich in water, with twenty lakes and wetlands, theMississippi River, creeks and waterfalls, many connected by parkways inthe Chain of Lakes and the Grand Rounds National Scenic Byway. TheMinneapolis park system has been called the best-designed, best-financed, andbest-maintained in America.

Minneapolis was once the world's flour milling capital and a hub for timber, andtoday is the primary business center between Chicago and Seattle, withMinneapolis proper containing America's fifth-highest concentration of Fortune500 companies. The Minneapolis–St. Paul area is the second largest economiccenter in the Midwest, behind Chicago. As an integral link to the globaleconomy, Minneapolis is categorized as a global city. The economy ofMinneapolis today is based in commerce, finance, rail and trucking services,health care, and industry.

Minneapolis is the third-most literate city in the U.S.A center for printing andpublishing, Minneapolis was the city in which Open Book, the largest literary andbook art center in the U.S., was founded. The Center consists of the Loft LiteraryCenter, the Minnesota Center for Book Arts and Milkweed Editions.

The innovative Minneapolis food and drink scene is ready to impress - whateveryour tastes. Whether it's the famous Juicy Lucy cheese-filled burger at Matt's, asignature Old Fashioned at Parlour, fine dining at its finest at Spoon and Stable,trying to choose between 18 ethnic restaurants and food vendors at the MidtownGlobal Market, or two scoops of artisanal ice cream at Milkjam Creamery. We justask that you bring your appetite.

CITY OF MINNEAPOLIS

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POPULATION 1 MILE 2 MILES 3 MILES

Total population 22,334 116,787 244,884

Median age 35.0 30.7 29.5

Median age (Male) 35.7 31.7 29.9

Median age (Female) 34.6 30.1 29.2

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 12,684 58,284 110,261

# of persons per HH 1.8 2.0 2.2

Average HH income $76,584 $53,432 $51,870

Average house value $332,120 $275,802 $249,032

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP & REPORT

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FOR LEASE 121 WASHINGTON AVE S, SUITE #106 MINNEAPOLIS, … · Minneapolis park system has been...

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