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2125 Hennepin Ave E
Minneapolis, MN 55413
Nordost Exchange · Office Property For Sale
Investment Highlights
- Fully modernized creative office property featuring exposed timber columns, brick walls, and unique architectural character
- Centrally positioned along East Hennepin Avenue, offering walkable access to vibrant Northeast Minneapolis dining, breweries, and retail destinations
- Currently 92% leased with a secure tenant mix and an attractive weighted average lease term of 6.0 years, providing stability for investors
- Amenities include renovated lobby and common areas, fitness center, bike storage, improved restrooms, and shower facilities for tenant convenience
- Recently underwent a $1 million capital improvement program, elevating the property into a leading boutique office asset in the Twin Cities
- Provides on-site parking and direct connections to major Minneapolis road networks, ensuring ease of access for employees and visitors
Executive Summary
Cushman & Wakefield is pleased to present Nordost Exchange, a 26,550 SF boutique creative office asset located along E. Hennepin Avenue in Northeast Minneapolis. Formerly the headquarters of the YMCA of the Greater Twin Cities, the property was acquired by Hyde Development in 2018 and subsequently transformed through a $1 million capital improvement program that repositioned it into one of premier creative office assets in the Twin Cities. Nordost Exchange has been fully modernized with a minimalist, Scandinavian aesthetic closely aligned with the expectations of today’s creative office users. The site has been intentionally curated for a diverse mix of users—ranging from
wellness practices and design studios to professional service firms which is supported by the free on-site parking and walkable access the neighborhood’s restaurants, breweries, and retail. Nordost Exchange stands as a compelling acquisition opportunity supported by durable demand for brick-and-timber creative office space, strong submarket fundamentals, recent substantial reinvestment, and the enduring appeal of Northeast Minneapolis as a live-work-play destination.
wellness practices and design studios to professional service firms which is supported by the free on-site parking and walkable access the neighborhood’s restaurants, breweries, and retail. Nordost Exchange stands as a compelling acquisition opportunity supported by durable demand for brick-and-timber creative office space, strong submarket fundamentals, recent substantial reinvestment, and the enduring appeal of Northeast Minneapolis as a live-work-play destination.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
29,091 SF
Building Class
C
Year Built
1917
NOI
$499,075 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,697 SF
Slab To Slab
10’
Building FAR
0.57
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
I1 - Light Industrial District
Parking
86 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 18-029-23-34-0065 | Improvements Assessment | $3,342,298 CAD |
| Land Assessment | $488,102 CAD | Total Assessment | $3,830,400 CAD |
Property Taxes
Parcel Number
18-029-23-34-0065
Land Assessment
$488,102 CAD
Improvements Assessment
$3,342,298 CAD
Total Assessment
$3,830,400 CAD
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