Minneapolis, MN Commercial Property for Sale (94 Real Estate Listings)
Minneapolis, Real Estate Statistics
Property Types (active listings)
As of February 25, 2024 there are 94 active Minneapolis, MN commercial real estate listings for sale with an average listing price of $1,269,341. The highest-priced commercial property listing is $8,500,000, while the lowest priced commercial property can be purchased for $10. Minneapolis, MN Commercial properties for sale have an average price of $309 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 7,995 square feet of living space.
Commercial Properties For Sale in Minneapolis, MN
Minneapolis, MN is a vibrant city with a diverse economy that attracts investors from all over the country. The city is home to a range of commercial real estate properties that offer a wide range of investment opportunities. In this article, we will discuss five different types of commercial properties in Minneapolis, and the pros and cons of investing in them.
Minneapolis Office Buildings
Office buildings are one of the most common types of commercial real estate in Minneapolis. They are typically leased to businesses and professionals looking for a centralized location for their operations. The pros of investing in office buildings include stable rental income, long-term leases, and low maintenance costs. On the other hand, office buildings are subject to economic cycles and market fluctuations, which can impact occupancy rates and rental income.
Minneapolis Retail Centers
Retail centers are another popular type of commercial real estate in Minneapolis. They can range from small strip malls to large shopping centers. The pros of investing in retail centers include high visibility, steady foot traffic, and long-term leases. However, retail centers are also subject to market fluctuations, changing consumer trends, and competition from online retailers.
Minneapolis Industrial Properties
Industrial properties are commercial buildings used for manufacturing, storage, and distribution. They are typically located in industrial parks and are leased to companies looking for space to operate their businesses. The pros of investing in industrial properties include stable rental income, long-term leases, and low maintenance costs. However, industrial properties are subject to economic cycles and market fluctuations, which can impact occupancy rates and rental income.
Minneapolis Multifamily Properties
Multifamily properties are commercial buildings that are leased to multiple tenants for residential purposes. They can range from small Minneapolis apartment buildings to large apartment complexes. The pros of investing in multifamily properties include steady rental income, high demand, and potential for appreciation. However, multifamily properties are subject to tenant turnover, maintenance costs, and the need for ongoing management.
Minneapolis Mixed-Use Properties
Mixed-use properties are commercial buildings that combine two or more types of commercial real estate. For example, a mixed-use property might include office space, retail space, and residential units. The pros of investing in mixed-use properties include diversified income streams, potential for appreciation, and the ability to cater to changing market demands. However, mixed-use properties can be more complex to manage and require a higher level of investment.
In conclusion, Minneapolis offers a range of commercial real estate investment opportunities, each with its own pros and cons. When considering an investment in commercial real estate, it is important to carefully evaluate each property type and weigh the potential risks and rewards. Working with an experienced real estate professional can help investors make informed decisions and maximize their returns. Please contact the Mpls commercial real estate experts at CommercialZip.com with any of your questions.
Minneapolis, MN Commercial Real Estate & Properties
Minneapolis, Minnesota, is a bustling metropolis with a diverse economy, making it an attractive destination for commercial real estate investors. The city's central location, excellent transportation infrastructure, and highly educated workforce are all factors that contribute to its appeal. Whether you're looking to invest in an office building, retail space, or industrial property, Minneapolis has a wide range of commercial real estate opportunities available. The city's thriving downtown area, as well as its many suburbs, offer investors a variety of options for their next commercial real estate investment.
Minneapolis, Minnesota's History
Minneapolis, Minnesota, has a rich history dating back to the mid-19th century. The city was founded in 1856 by a group of settlers attracted to the area's natural resources, including the Mississippi River and falls of St. Anthony. The city quickly grew and developed, becoming a flour milling and lumber production center. During the late 19th and early 20th centuries, Minneapolis experienced rapid urbanization, which led to its downtown area's growth and new neighborhoods and suburbs.
In the 20th century, Minneapolis continued to grow and evolve, becoming a major center for finance, healthcare, and technology. Minneapolis is also known for its parks and lakes. Overall, Minneapolis, MN has a rich and diverse history that has shaped the city into the vibrant metropolis it is today.
Minneapolis, Minnesota's Demographics
Minneapolis, MN is a diverse and multicultural city with a population of over 425,000 people. According to the most recent census data, the city's population is predominantly white (62.8%), followed by African American (19.4%), Asian (7.9%), and Hispanic or Latino (7.1%). The city also has a significant Native American population (1.5%).
Minneapolis is also a relatively young city, with a median age of 34.5 years. The city's population is also well-educated, with over 35% of residents holding a bachelor's degree or higher. The city's economy is diverse, with healthcare, education, and professional services as significant sectors.
Minneapolis is also known for its strong sense of community and civic engagement, with various organizations and groups working to address poverty, education, and social justice issues. Additionally, the city is home to many immigrants and refugees, adding to its cultural diversity.
Overall, Minneapolis, Minnesota, is a diverse and vibrant city with a well-educated, engaged, and active population shaping the city's future.
Minneapolis, Minnesota's Geographic Makeup
Minneapolis, Minnesota, is located in the state of Minnesota in the Upper Midwest region of the United States. The city sits on both banks of the Mississippi River and is known for its many lakes and parks. The city covers an area of 58.4 square miles, with a population density of 7,401 people per square mile.
The city is divided into several neighborhoods and districts. The downtown area is the city's central business district and is home to many of the city's major businesses and cultural institutions. Uptown, Lyn-Lake, and Northeast are known for their vibrant nightlife, trendy restaurants, and arts scene. The city's lakes, such as Lake Calhoun and Lake Harriet, are famous for outdoor activities like swimming, boating, and fishing.
The city has many parks, including the Chain of Lakes Regional Park and Minnehaha Regional Park. Minnehaha Regional Park is home to Minnehaha Falls, a 53-foot waterfall that is a popular tourist destination.
Minneapolis is also known for its bike and pedestrian paths, including the Grand Rounds Scenic Byway, which winds through the city's many lakes and parks. The city is well connected by major highways and public transportation, making it easy to travel around the city and the surrounding region.
Overall, Minneapolis, Minnesota's geographic makeup is a mix of urban and natural features, with a balance of downtown and neighborhood living, parks and lakes, and bike and pedestrian paths.
Minneapolis, Minnesota‘s Economy
Minneapolis, MN has a diverse and robust economy that is driven by a variety of industries. The city is home to several large corporations and major employers, including Target, Best Buy, General Mills, and 3M. Additionally, the city has a strong healthcare sector, with several major hospitals and medical research institutions located in the area.
The city is also a major center for finance and banking, with several large financial institutions and headquarters of central banks, such as U.S. Bancorp and Wells Fargo. The city's economy is also supported by a growing technology sector, with many start-ups and emerging companies in the area.
The city's economy is also supported by a vital education and professional services sector, with several colleges and universities located in the area and many law firms, consulting firms, and other professional services companies. The city also has a growing creative and digital media sector, with many advertising agencies, marketing firms, and graphic design studios in the area.
Minneapolis is also known for its strong agricultural base, particularly in the surrounding rural areas, contributing to the city's food processing, packaging, and distribution sectors.
The Minneapolis unemployment rate was relatively low, and the city has had consistent economic growth in recent years. The city's economy is expected to grow and diversify, making it an attractive destination for businesses and investors.
Overall, Minneapolis, Minnesota, has a strong and diverse economy supported by various industries and sectors, which positions the city well for future growth and development.
Minneapolis, Minnesota's Employment
Minneapolis, Minnesota, is known for having a strong and diverse economy, which provides a wide range of employment opportunities for its residents. According to the most recent data, the city's unemployment rate is low, and the job market is relatively stable. The city's primary industries include healthcare, finance, retail, professional services, and education.
The healthcare sector is one of the city's largest employers, with several major hospitals and medical research institutions located in the area. The finance and banking sector is also a significant source of employment, with several large financial institutions and headquarters of central banks in the city. Retail is also a substantial industry in Minneapolis, with companies such as Target, Best Buy, and General Mills having their headquarters in the town and several large shopping centers.
The city's professional services sector is also a significant source of employment, with many law firms, consulting firms, and other professional services companies located in the area. Additionally, the city's education sector is a significant source of employment, with several colleges and universities located in the area, providing job opportunities in education, research, and administrative roles.
The city's economy is also supported by a growing technology sector, with many start-ups and emerging companies in the area providing job opportunities in software development, data analysis, and other related fields.
Why Commercial Real Estate In Minneapolis, Minnesota?
For several reasons, Minneapolis, Minnesota, is an attractive destination for commercial real estate investors. Some of the critical factors that make Minneapolis a desirable location for commercial real estate investment include:
Strong economy: Minneapolis has a diverse and robust economy driven by various industries, providing a stable job market and economic growth, which can benefit commercial real estate investments.
Highly educated workforce: Minneapolis has a well-educated population, which makes it an ideal location for businesses that require a skilled workforce.
Excellent transportation infrastructure: The city is well connected by major highways, public transportation, and airports, which makes it easy to travel around the city and the surrounding region.
Growing population: Minneapolis's population is growing and diverse, which can be a good indicator of the potential growth of the commercial property market.
Vibrant downtown: Minneapolis's downtown area is a thriving center of business and culture, with a wide range of commercial real estate opportunities, from office buildings to retail spaces.
Lakes and Parks: Minneapolis is known for its many lakes and parks, which provide recreational opportunities and can attract tourists and visitors to the area, which can be beneficial for commercial real estate investments in hospitality and tourism-related properties.
Strong Sense of Community and Civic Engagement: Minneapolis is a city with a strong sense of community and civic engagement, which can help to create a more desirable area to live, work, and play, which can attract more people and businesses and ultimately boost the commercial real estate market.
Minneapolis, MN Commercial Property
Minneapolis, located in the heart of the Midwest, is a vibrant city with a thriving business district. With a strong economy and diverse industries, the city is home to numerous office buildings that cater to a wide range of businesses.
Office buildings in Minneapolis range from towering skyscrapers to historic buildings that have been renovated and repurposed for modern use. Many of these buildings are located in the central business district of downtown Minneapolis, which is the heart of the city's commerce and industry.
One of the most notable office buildings in Minneapolis is the IDS Center, which is a 57-story skyscraper that stands tall at the intersection of Nicollet Mall and Seventh Street. The IDS Center is the tallest building in Minnesota and has become an iconic part of the Minneapolis skyline. It houses a variety of businesses, including law firms, financial institutions, and retail stores.
Another noteworthy office building in Minneapolis is the Capella Tower, which is a 58-story skyscraper located on South Sixth Street. This building is known for its unique design, with a curved exterior and a glass facade that reflects the surrounding skyline. The Capella Tower is home to many prestigious companies, including law firms, financial services firms, and consulting firms.
The Target Plaza North and South buildings are also popular office destinations in Minneapolis. These buildings are connected by a skyway and are located in the heart of downtown, making them easily accessible to businesses and clients. The Target Plaza buildings are home to a variety of businesses, including law firms, financial institutions, and technology companies.
In addition to these towering skyscrapers, Minneapolis is also home to many historic office buildings that have been renovated and repurposed for modern use. For example, the Ford Center is a historic building located in the North Loop neighborhood of Minneapolis. It was originally built in the early 1900s as a manufacturing facility for Ford Motor Company and has since been renovated into a modern office building that houses a variety of businesses.
Overall, office buildings in Minneapolis offer a wide range of options for businesses of all sizes and industries. From towering skyscrapers to historic buildings, Minneapolis, MN has commercial property fit for everyone. With a strong economy and a thriving business district, Minneapolis is an ideal location for businesses looking to grow and thrive in the heart of the Midwest.