McKesson Building

251 1st Avenue North, Minneapolis, MN 55401

Property Information

  • For Lease $8.00 - $18.00/SF/YR
  • Property Type Office - General Office
  • Property Size 116,300 SF
  • Lot Size 0.49 Acre
  • Parking Spaces Avail. 74
  • Parking Ratio 0.64 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1892
  • Date Updated Jun 4, 2026

Description

The McKesson Building is a 116,300-square-foot Class B office property situated on a 0.49-acre lot in Downtown Minneapolis. Originally built in 1892, this property features 74 parking spaces with a parking ratio of 0.64. Its central location makes it a practical choice for businesses seeking an office in a vibrant and accessible area. The building's historic architecture and timeless charm complement its functionality as a general office space.

Surrounded by Downtown Minneapolis's dynamic offerings, the property enjoys proximity to key transportation hubs like Warehouse District/Hennepin Avenue, just 0.18 miles away, and Nicollet Mall, approximately 0.25 miles from the site. Dining options abound nearby, including Bom Dia Treats, 112 Eatery, and Runyon's, all less than 0.1 miles away. Hospitality options such as the Four Seasons Hotel (0.08 miles) and AC Hotel by Marriott Minneapolis Downtown (0.15 miles) cater to visiting clients or guests. Convenient parking facilities like Underground Ramp Parking and Midtown Parking Ramp are within walking distance, enhancing accessibility.

7 Spaces Available

#100

Space Type

General Office

Lease Rate

$8.00 - $18.00/SF/YR

Total Space

6,888 SF

Additional Rent

$9.53/SF/YR

Floor

1

Divisible Space

6,888 - 6,888 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

16 foot ceiling

2024 Tax & CAM: $9.53/SF (does not include janitorial)

 

#400

Space Type

General Office

Lease Rate

$8.00 - $18.00/SF/YR

Total Space

8,465 SF

Additional Rent

$9.53/SF/YR

Floor

4

Divisible Space

8,465 - 8,465 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Large, open space with 3 private offices Large windows on two sides Upgraded LED lighting with auto-saver switches Soundproofing installed

2024 Tax & CAM: $9.53/SF (does not include janitorial)

#480

Space Type

General Office

Lease Rate

$8.00 - $18.00/SF/YR

Total Space

3,500 SF

Additional Rent

$9.53/SF/YR

Floor

4

Divisible Space

3,500 - 3,500 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Large open space with 4 private offices Storage room Kitchenette with dishwasher, sink, and refrigerator Upgraded LED lighting with auto-saver switches Wood flooring

2024 Tax & CAM: $9.53/SF (does not include janitorial)

#500

Space Type

General Office

Lease Rate

$8.00 - $18.00/SF/YR

Total Space

8,344 SF

Additional Rent

$9.53/SF/YR

Floor

5

Divisible Space

8,344 - 17,056 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Full Floor - windows on 3 sides Large open space, multiple private offices Conference and phone rooms Kitchenette with microwave and sink Upgraded LED lighting with auto-saver switches Air conditioned IT room Soundproofing installed Wood and carpet flooring

2025 Tax & CAM: $9.53/SF (does not include janitorial)

#500

Space Type

General Office

Lease Rate

$8.00 - $18.00/SF/YR

Total Space

8,712 SF

Additional Rent

$9.53/SF/YR

Floor

5

Divisible Space

8,712 - 17,056 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Full Floor - windows on 3 sides Large open space, multiple private offices Conference and phone rooms Kitchenette with microwave and sink Upgraded LED lighting with auto-saver switches Air conditioned IT room Soundproofing installed Wood and carpet flooring

2025 Tax & CAM: $9.53/SF (does not include janitorial)

Contacts

Michael Brehm

Kenwood Commercial

Michael Doyle

Kenwood Commercial

Nils Snyder

Kenwood Commercial

Holly Becker

Kenwood Commercial

Location

Located at 251 1st Avenue North, Minneapolis, MN 55401, this property is part of the Downtown Minneapolis neighborhood and Minneapolis St Paul market.

Contact McKesson Building
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.