8/3/2019 222 Hennepin_Sold Brochure
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222 hennepin avenueM, Mn 55401
Prime Redevelopment Opportunity- Full City Block Available
SOLD AND CLOSED!
FederalOfce
BuildingMpls.CentralLibrary
U.S. FederalCourthouse
Mpls.City Hall
TargetCenter
GaviidaeCommon
IDS Center& Crystal
Court
TransitCenter
HennepinCty. Govt.
Center
subjectproperty
MississippiRiver
TargetField
TargetCorporate
HQ
PiperJaffray
CorporateHQ
ThriventFinancial
HQ Mall ofAmerica
Field
AmeripriseFinancial
HQ
USBancorp
HQTCF
CorporateHQ
MinneapolisConvention
Center
HennepinAveBr
idge
StoneArchBridg
e
Light RailStation
Richard PalmiterVice President952.924.4603
[email protected]
Brian PankratzSenior Associate952.924.4665
[email protected]
f o r M o r e
in f or M a t ion ,
p lea s e c o n t a c t:
Reed ChristiansonVice President612.336.5454
[email protected]
8/3/2019 222 Hennepin_Sold Brochure
2/4
222 hennepin avenueM, Mn 55401
Prime Redevelopment Opportunity- Full City Block Available
SOLD AND CLOSED!
:: Located at the gateway to the Central Business District
:: Close proximity to North Star Commuter Rail Station
:: Close proximity to I-94, I-394 and I-35 freeways
:: Immediate access to Hennepin Avenue and Washington Avenue
:: Easy access to area amenities including the new Target Field,
Target Center,Entertainment District and the Mississippi River
:: 2.44 acres of land (city block)
:: PID #220292441008
:: 2011 Taxes: $275,676
:: Purchase Price: $8,000,000
:: Property is sold in an As-Is condition
subject
8/3/2019 222 Hennepin_Sold Brochure
3/4
222 hennepin avenueM, Mn 55401
Prime Redevelopment Opportunity- Full City Block Available
SOLD AND CLOSED!
2011 Estimated Demographics 1 Mile 3 Miles 5 Miles 10 Miles
Population 20,741 219,895 437,562 1,183,725
Growth 2011-2016 5.19% 1.58% 0.87% 1.01%
Average Household Income $63,787 $50,538 $60,872 $68,534
Trafc Counts (2008)
Hennepin Ave 21,900 VPD
Washington Ave 25,700 VPD
2nd Ave N 11,300 VPD
1st Ave N 14,100 VPD
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Hen
nepinAv
eWashingtonAve
N2ndSt
N1st
Ave
site
222 Hennepin Avenue is located within the bustling Minneapolis
Central Business District.The property has frontage onto Hennepin
Avenue and Washington Avenue South, whichare main downtown
arterials with close proximity to public transportation (bus lines
andlight rail), Target Field and Target Center. The property
provides a full city block, allowingfor prime redevelopment.
Total Building Square Footage: 193,424 SF
Main Floor Area: 57,272 SF
Second Floor: 42,845 SF
Basement: 50,464 SF
Parking: 150 underground; 42,834 SF of parking on thirdand
fourth oors
Year Built: 1965
Parcel Dimensions: 330 feet x 331 feet
Lot Size: 109,467 SF (2.44 acres)
Neighborhood: North Loop/Warehouse District
Zoning: B4C-1/Downtown Commercial District;DP/Downtown Parking
Overlay District
