for lease 400 n 1st st, suites 102, 103, & 104 ......400 n 1st st, suites 102, 103, & 104,...

FOR LEASE 400 N 1ST ST, SUITES 102, 103, & 104MINNEAPOLIS, MN 55401

Presented By:

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

Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]

OFFERING SUMMARY

Available SF: 997 - 6,638 SF

Lease Rate: $13.07 - 15.95 SF/yr

(NNN)

Year Built: 1900

Building Size: 12,948 SF

Zoning: C3A - Community

Activity Center District

Market: North Loop

Traffic Count: 7,940

The Lindsay Building - For Lease - Suites: 102, 103, & 104. Retail & Office Suites Available from: 997 SF - 6,638SF in The Lindsay Building - Prime North Loop Location. Three (3) units For Lease. Suite 102 = 6,638 SF(divisible to 997 SF), Suite 103 = 1,083 SF, Suite 104 = 1,086 SF. Contiguous SF of up to 6,638 SF. Suite 102 canbe subdivided (divisible down to ~997 SF - base lease rate may vary depending on the subdivided space)to allow for many potential floor plan configurations. Fifteen (15) parking spaces available for leaseimmediately next door for employees only (not customers). Additional parking options in the area forcustomers or additional employee parking.

The Lindsay Building features beautiful and historic exposed timber frame ceiling beams, exposed brickwalls, and incredible 12’ ceilings. This is an excellent opportunity to lease in the thriving North Loopneighborhood in Minneapolis at a reasonable lease rate. Zoned C3A – Community Activity Center District.Perfect creative office / tech space, or boutique retail environment. Building Tenants include: 1st Floor:Fulcrum Consulting; 5 upper floors are residential condo units. Floor plans available.

Suites feature large open work spaces, conference rooms, private offices, kitchenettes, reception areas,large windows with lots of natural light in many offices creating comfortable and welcoming work spaces.Restrooms in Suite 103 and common area restrooms in hallway for other suites. Turn-key and ready to usewith easy street access.

PROPERTY OVERVIEW

THE LINDSAY BUILDING400 N 1ST ST, SUITES 102, 103, & 104, MINNEAPOLIS, MN 55401

EXECUTIVE SUMMARY

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LEASE RATE $13.07 - 15.95 SF/YR

LOCATION INFORMATION

Building Name The Lindsay Building

Street Address 400 N 1st St, Suites 102, 103, & 104

City, State, Zip Minneapolis, MN 55401

County/Township Hennepin/29

Market North Loop

Cross Streets N 4th Ave

Range 24

Section 22

Side Of Street Northwest

Road Type Paved

Market Type Large

Nearest Airport MSP

PROPERTY DETAILS

Zoning C3A - Community Activity Center District

Lot Size 0 SF

APN# 2202924140554

Corner Property Yes

Traffic Count 7,940

Traffic Count Street N 1st St

Traffic Count Frontage 120

PARKING & TRANSPORTATION

Street Parking Yes

Parking Price Per Month $125/month

Parking Type Surface

Number Of Spaces 15

Parking Description 15 parking spaces currently available for

employees only. Parking is $125/month per stall

with 2.5% annual increases. Parking is located

immediately next to property in Freight-Yard

Townhomes and Flats. Parking photo/info in OM.

Additional parking options in the area for

customers or additional employee parking.


PROPERTY DETAILS

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BUILDING INFORMATION

Floor Size 12,948 SF

Building Class B

Tenancy Multiple

Number Of Floors 6

Year Built 1900

Gross Leasable Area 12,948 SF

Construction Status Existing

Exterior Walls Brick

Property Highlights - The Lindsay Building. Office & Retail Suites

- 997 SF – 6,638 SF; Parking Available

- Main Level, First Floor Suites

- Beautiful Suites with Exposed Brick & Timber

- 12’ Exposed Timber Frame Ceilings

- High-Demand North Loop Location

UTILITIES & AMENITIES

Number Of Elevators 1

Exterior Description Built in 1900, the Lindsay Building is a large red brick

warehouse style structure with green paned arched

windows and stone at the base of the building.

Interior Description The interior of The Lindsay Building is accented by

exposed brick walls and large timber frame columns

and ceilings.

Utilities Description Units are equipped with hot water baseboard

heating that is included in operating expenses. Air

handlers capable of heating and cooling are also

installed in each of the units.


PROPERTY DETAILS

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SUITE SIZE (SF) LEASE RATE DESCRIPTION

Suite 102 997 - 6,638 SF $15.95 SF/yr Operating Expenses: $4.13/SF & Taxes: $3.42/SF. NNN Rate Equivalent to $23.50/SF Gross. Base lease rate may vary depending on the subdivided space.

Suite 103 1,083 SF $13.07 SF/yr Operating Expenses: $4.26/SF & Taxes: $5.17/SF. NNN Rate Equivalent to $22.50/SF Gross.

Suite 104 1,086 SF $13.56 SF/yr Operating Expenses: $4.01/SF & Taxes: $4.92/SF. NNN Rate Equivalent to $22.50/SF Gross.

LEASE TYPE | NNN

TOTAL SPACE | 997 - 6,638 SF

LEASE TERM | Negotiable

LEASE RATE | $13.07 - $15.95 SF/yr


AVAILABLE SPACES

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FLOOR PLANS *LARGE PDF FLOOR PLANS AVAILABLE UPON REQUEST*

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PARKING - UP TO 15 SPACES AVAILABLE NEXT TO THE LINDSAY BUILDING

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DRONE EXTERIOR PHOTO

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EXTERIOR PHOTOS

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COMMON AREA PHOTOS

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SUITE 102 PHOTOS

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SUITE 103 PHOTOS

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SUITE 104 PHOTO

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C3A ZONING INFORMATION

The C3A Community Activity Center District is established to provide for the development of major urban activity andentertainment centers with neighborhood scale retail sales and services. In addition to entertainment and commercial uses,residential uses, institutional and public uses, parking facilities, limited production and processing and public services and utilitiesare allowed.

More information on C3A can be found at:

https://library.municode.com/mn/minneapolis/codes/code_of_ordinances?nodeId=MICOOR_TIT20ZOCO_CH548CODI_ARTIVC3COACCEDI_548.320PU


ZONING

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VEHICLES PER DAY400 N 1st St - 7,300 Vehicles/day

Cross Roads:N Washington Ave - 19,400 Vehicles/day

N 2nd St - 3,750 Vehicles/day

N 3rd Ave - 6,200 Vehicles/day

West River Pkwy - 4,803 Vehicles/day


TRAFFIC COUNTS

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LOCATION MAPS

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RETAILER MAP

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CITY OF MINNEAPOLIS

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POPULATION 0.25 MILES 0.5 MILES 1 MILE

Total population 802 3,640 15,668

Median age 31.7 35.5 35.7

Median age (Male) 31.6 34.2 35.5

Median age (Female) 31.9 38.1 37.8

HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE

Total households 490 1,979 8,295

# of persons per HH 1.6 1.8 1.9

Average HH income $105,176 $99,816 $89,098

Average house value $478,969 $350,580 $324,272

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP & REPORT

for lease 400 n 1st st, suites 102, 103, & 104 ......400 n 1st st, suites 102, 103, & 104,...

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