Industrial Space For Lease - North Loop

1018 5th St N Minneapolis, MN 55411

1018 5th St N, Minneapolis, MN, 55411
1018 5th St N, Minneapolis, MN, 55411
Property Type:
Other Industrial
Please Call Broker for Price

Cap Rate:
Last Verified:
Oct 17, 2023

Hard to Find Industrial Space For Lease - North Loop Highlights and Features: • Freestanding building • Designated parking lot • Flexible floor plan • Warehouse space with drive-in doors • Kitchen space • Reception area, meeting room, collaborative space and private offices • Zoning: I2 (Medium Industrial District) • Drive-in door: 5-10’ x 10’ • Clear Height: 12’ to 14’ • 2-car attached garage • Security system • Dedicated parking lot: up to 35 spaces • Alley access to gated secure parking: 8-10 spaces • Easy access to I-94, I-394, and points west via North 3rd Street, and I-35W via Washington Avenue • Close to sports arenas, entertainment venues, shopping, and restaurants Space Available: 4,270 sf • Lease Rate: Negotiable • 2023 CAM: $2.00 psf and Tax: $3.81 psf

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Map of 1018 5th St N, Minneapolis, MN, 55411

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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.