Multi Tenant Industrial Property
Market Price
2800 North 2nd Street, Minneapolis, MN 55411
155,250 sqft
Building Size
6.42 acres
Lot Area
Details:
Highlights:
- Strong in-place income with annual NOI of $975,688
- Diverse tenant mix, Long term Tenants with some being 10+ years
- Flexible suite sizes from ±12,000 SF to ±28,000 SF
- Both dock-high and drive-in loading doors
- Ample surface parking and efficient truck circulation
- Central location – just minutes from Downtown Minneapolis
- Excellent highway access to I-94, I-394, I-35W, and Hwy 55
Description:
This well-maintained, multi-tenant industrial building offers an exceptional investment opportunity for buyers seeking both stability and strong long-term returns. The property features a diverse tenant mix across warehouse, light manufacturing, and flex spaces — including some Fortune 500 tenants and a commercial kitchen operator who has invested over $2 million in a state-of-the-art facility — providing consistent cash flow and reduced vacancy risk. Zoning allows for a wide range of uses, enhancing long-term leasing flexibility and tenant appeal.
Currently, the property is leased at below-market rental rates, offering meaningful upside as leases renew or are restructured to market levels. Recent capital improvements and proactive management have positioned the asset for continued performance with minimal near-term maintenance. Strategically located just minutes from Downtown Minneapolis with excellent access to I-94, I-394, and Highway 55, this property combines strong fundamentals, steady income, and long-term growth potential — a compelling opportunity for investors seeking a durable and well-located Twin Cities industrial asset.
Minneapolis, Minnesota offers a strong environment for industrial and flex investment, combining excellent transportation access with a diverse, skilled workforce. Positioned just minutes from Downtown and connected by I-94, I-394, and Highway 55, the area supports a wide range of manufacturing, distribution, and creative users. Ongoing redevelopment of the Upper Harbor Terminal and surrounding industrial corridors continues to strengthen demand, making Minneapolis a prime market for investors seeking stable, long-term growth.
Location
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