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Lakewood Building

Off-Market

50 South 9th Street, Minneapolis, MN 55402

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  • Property Type Office - General Office
  • Property Size 45,000 Sqft
  • Lot Size 0.23 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1928

Location

  • City Minneapolis, MN
  • Neighborhood Downtown Minneapolis
  • Zip Code 55402
  • Market Minneapolis St Paul

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 31 Aug, 2001
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Minneapolis

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Minneapolis Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $29.56
  • 2020 Office Vacancy Rate 12.99 %
  • 2020 Office Completions (Sqft) 1,265,779

Minneapolis Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $197.16
  • Y-o-Y Avg. PpSF Change -2.76 %
  • 2020 Office Sales Volume $131M
  • 2020 Number of Transactions 8
View more Minneapolis market trends

Tax

  • Property Tax in 2020-2021 $106,515
  • Market Value $3,080,000
  • Assessed Value $3,080,000

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Lakewood Building?

Lakewood Building totals 45,000 square feet.

When was this property built?

Lakewood Building was built in 1928.

When was Lakewood Building last sold?

Lakewood Building was last sold on 31 Aug, 2001.

What is the property tax for Lakewood Building?

The property tax for Lakewood Building in 2020-2021 was $106,515.

What is the market value for Lakewood Building?

The market value for Lakewood Building in 2020-2021 was $3,080,000.

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