1515 NE Central Ave

5.72 Acre Covered Land Play In The Twin Cities’ Most Dynamic Residential And Creative Office Market
The Property is comprised of a 71,353 square foot creative office and mixed-use building in the highly desired Northeast Minneapolis.
Low Land Value | The asking price equates to just under $47 per square foot for the land. This low land basis is an opportunity to achieve exceptional returns on future redevelopment.
5.72 Acres in Northeast | The Property represents one of the largest contiguous land parcels in Northeast Minneapolis.
Covered Land Play | The current long-term office tenancy provides stable and predictable in-place income. Investors can enjoy current income while future development plans are solidified.
Vibrant And Growing Neighborhood | The neighborhood has experienced a resurgence of young professionals and families, which has generated the need for over 3,000 new multi-family units over the past seven (7) years. Tap rooms, distilleries, restaurants, and creative office space has followed this growth and made the Northeast one of Minneapolis’s most desired neighborhoods
Unique and Highly Desired Creative Office Space | The tenants of the 1515 Building have taken advantage of the building’s exceptional clear heights (15 to 28.5 feet) and limited interior columns to create some of the Twin Cities’ most unique and architectural desired creative spaces.