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Lakewood Building


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


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


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  • True Owner
  • Registered Owner


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

Market Trends

Average Actual Rents in Minneapolis

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

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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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