Lender Sale I Iconic Downtown Minneapolis High Rise

Starting Bid $850,000

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, the Old Republic Title Building at 400 2nd Avenue South is a fully vacant, twelve-story, 135,778 SF office tower poised for conversion into up to 165 multifamily units in the heart of downtown Minneapolis. Built in 1929 as the Hodgson Building and later home to General Mills and Old Republic National Title Insurance Company, the property retains expansive steel-framed windows, sweeping city views, and structural bones suited to studio, alcove, one-bedroom, and two-bedroom layouts. Third-party partners BKV Group (architecture) and New History (historic consulting) are already engaged, and the building may qualify for listing on the National Register of Historic Places, unlocking 20% federal and 20% state historic tax credits to substantially offset conversion costs. Situated at the convergence of the CBD, Downtown East, and Gateway Districts, the asset sits minutes from U.S. Bank Stadium, the Mississippi riverfront, and Minneapolis's skyway network, positioning it to capture housing demand from a metro adding more than 170,000 residents by 2028.

135,778 SF Vacant Downtown Office Tower: Twelve stories poised for conversion into up to 165 multifamily residential units nearby.

Historic Tax Credits May Offset Costs: National Register eligibility could unlock 20% federal and 20% state historic tax credits.

Architecture and Historic Partners Engaged: BKV Group and New History are already lined up to support the building's conversion process.

170,000+ New Metro Residents by 2028: Downtown Minneapolis location sits minutes from U.S. Bank Stadium and the riverfront.

Auctioneer: Col. Frank B., Imholte

Auctioneer License: 84-302

Auctioneer Company: Fisher Auction Company Inc.