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1112-1150 NE Sibley St
Minneapolis, MN 55413
Riverside Center · Industrial Property For Sale
Investment Highlights
- The site features the most centralized infill location in the Twin Cities area
- Existing buildings are ready to support a variety of tenants or owner-users
- Ideal for forward-looking investors and developers, the site offers significant upside for repositioning, densification, or integration
- At almost 40 acres, the property stands out as one of the largest contiguous urban land offerings in the Twin Cities
- With multiple buildings and parceling options, the site can accommodate single-user campuses, multitenant layouts, or redevelopment into mixed-use
Executive Summary
The Graco Minneapolis riverfront campus represents one of the most significant urban industrial redevelopment opportunities in the Twin Cities. This nearly 40-acre site
with approximately 670,000 SF of existing facilities will become available in mid-2027 when Graco completes its consolidation to northwest metro locations.
The property is zoned for industrial use so the Graco site would be a natural fit for another manufacturing employer. The City of Minneapolis is also open to rezoning for a mixed use redevelopment of all or a portion of the site.
THE TIMELINE
2025-2026: Marketing and stakeholder engagement
End 2026: Manufacturing operations vacated
Mid-2027: Headquarters relocation complete, full site available
with approximately 670,000 SF of existing facilities will become available in mid-2027 when Graco completes its consolidation to northwest metro locations.
The property is zoned for industrial use so the Graco site would be a natural fit for another manufacturing employer. The City of Minneapolis is also open to rezoning for a mixed use redevelopment of all or a portion of the site.
THE TIMELINE
2025-2026: Marketing and stakeholder engagement
End 2026: Manufacturing operations vacated
Mid-2027: Headquarters relocation complete, full site available
Property Facts
| Sale Type | Owner User | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1966 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.57/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 12 |
| Lot Size | 19.38 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 380,627 SF | Cross Streets | NE 11th Ave |
| Sale Type | Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 19.38 AC |
| Rentable Building Area | 380,627 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Tenancy | Single |
| Parking Ratio | 0.57/1,000 SF |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 1 |
| Cross Streets | NE 11th Ave |
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,019,422 CAD | |
| Land Assessment | $9,987,026 CAD | Total Assessment | $16,006,448 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$9,987,026 CAD
Improvements Assessment
$6,019,422 CAD
Total Assessment
$16,006,448 CAD
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