117 Washington Ave N, Minneapolis 55401

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1 117 Washington Ave N, Minneapolis

2 EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $1,300,000 Price / SF: $ Building Size: 12,320 SF Lot Size: 0.08 Acres Year Built: 1913 Zoning: B4S-1 Property ID Number: PROPERTY OVERVIEW This property is an incredible value add opportunity that is ideal for owner/ occupant or investor interested in owning a building in the dynamic North Loop neighborhood. Significant predevelopment work has been completed including environmental due diligence, surveying, as-built CAD plans, and construction documents for a retail/office/residential mixed use project. It could also be converted into a retail/office building or retail/apartment building. Additionally, it has already received National Park Service Part 1 and 2 approvals for federal Historic Tax Credits. LOCATION OVERVIEW The 117 Washington building is situated in the heart of Minneapolis s North Loop Neighborhood, a bustling commercial and residential neighborhood located adjacent to the Mississippi River and immediately north of the Minneapolis Commercial Business District. This block has seen major redevelopment with its new spaces and co-working offices housing tenants such as Warby Parker, Upstairs Circus, and Bonobos. The site is highly accessible to the Twin Cities' growing transit system. Additionally, the site is well connected to a network of bus routes and bike systems. This building is located just steps away from some of the Twin Cities most unique spots including Runyon's, Whole Foods, Bank of America, Red Rabbit, Edwards, Invision, Love Your Melon, & Hewing Hotel and many more.

3 PROPERTY DESCRIPTION BUILDING HIGHLIGHTS: Windows on 3 sides of the upper floors Extensive skylights on 3rd floor Rear deck with views of Downtown Minneapolis High 17' Ceilings Hardwood Floors 2 parking spaces possible RETAIL SPACE HIGHLIGHTS: Recently renovated coffee shop Hardwood floors 14' ceilings Loading dock Full basement for additional storage Gross Building Size 1st Floor - Retail 2nd Floor - Office/Apartment 3rd Floor - Office/Apartment Basement - Storage Total Building Size 3,080 SF 3,080 SF 3,080 SF 3,080 SF 12,320 SF

4 EXISTING FLOOR PLANS Basement 1st Floor

5 EXISTING FLOOR PLANS 2nd Floor 3rd Floor

6 POTENTIAL FIT PLAN: 2ND FLOOR OFFICE

7 POTENTIAL FIT PLAN: 2ND FLOOR APARTMENT

8 POTENTIAL FIT PLAN: 3RD FLOOR APARTMENTS

9 NEIGHBORHOOD HIGHLIGHTS Fastest growing neighborhood in Minneapolis, especially among year olds Designated Historic Neighborhood Located in the heart of the North Loop, steps away from Red Rabbit, Pacifier, Bonobos, Hewing Hotel, Upstairs Circus, and many other boutique retailers Walking distance to Hennepin Ave - Warehouse District Light Rail Station Walk Scores 96 WALK 95 TRANSIT BIKE 94

10 DEMOGRAPHICS MAP POPULATION 1 MILE 2 MILES 3 MILES Total population 18, , ,428 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 10,614 56, ,162 # of persons per HH Average HH income $83,130 $54,995 $52,684 Average house value $328,992 $279,042 $248,222 * Demographic data derived from 2010 US Census