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Stinson Business Center

Off-Market

600 Stinson Blvd NE, Minneapolis, MN 55413

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  • Property Type Office - General Office
  • Property Size 180,000 Sqft
  • Lot Size 3.07 Acre
  • Parking Spaces Avail. 234
  • Parking Ratio 1.30/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1920

Location

  • City Minneapolis, MN
  • Neighborhood Mid - City Industrial
  • Zip Code 55413
  • Market Minneapolis St Paul

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 04 Aug, 2014
  • 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 $755,337
  • Market Value $21,660,000
  • Assessed Value $21,660,000

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

Frequently Asked Questions

What is the total square footage of Stinson Business Center?

Stinson Business Center totals 180,000 square feet.

When was this property built?

Stinson Business Center was built in 1920.

When was Stinson Business Center last sold?

Stinson Business Center was last sold on 04 Aug, 2014.

What is the property tax for Stinson Business Center?

The property tax for Stinson Business Center in 2020-2021 was $755,337.

What is the market value for Stinson Business Center?

The market value for Stinson Business Center in 2020-2021 was $21,660,000.

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