3,361 SF Office Space For Lease

12 N 12th St Minneapolis, MN 55403

12 N 12th St, Minneapolis, MN, 55403
12 N 12th St, Minneapolis, MN, 55403
Property Type:
Other Office
Please Call Broker for Price

Cap Rate:
Last Verified:
Apr 12, 2024

3,361 SF Office Space For Lease HIGHLIGHTS AND FEATURES: • 8 offices, open office/5 workstations, reception area, conference room, breakroom, kitchenette, storage, and large windows • The suite is in the commercial office portion of Hennepin Crossing, part of Laurel Village and features a dedicated office entrance. • The building is about to undergo a major renovation of its common areas including a large amenity area featuring a fitness center, rooftop terrace, and party room. • Easy access to I-394, I-94 and I-35. DEMOGRAPHICS AND TRAFFIC COUNTS: • Average Population: 1 mile - 15,453, 3 miles - 150,107 and 5 miles - 315,996 • Average Household Income: 1 mile - $54,158, 3 miles - $52,828 and 5 miles - $57,432 • Hennepin Avenue - 15,000 vpd, N 12th St - 9,900 vpd, and N 13th St - 9,400 vpd • Walk Score: 96 | Transit Score: 82 | Bike Score: 91 SPACE AVAILABLE: • Suite 480: 3,361 SF • Net Rate: $12.50 psf • 2024 CAM: $8.41 psf and Tax: $1.68 psf

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Map of 12 N 12th St, Minneapolis, MN, 55403

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.