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222 Hennepin_Sold Brochure

222 Hennepin_Sold Brochure

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Published by Sarah McKenzie

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Published by: Sarah McKenzie on Feb 22, 2012
Copyright:Attribution Non-commercial

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02/22/2012

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222 hennepin avenue
M, Mn 55401
Prime Redevelopment Opportunity 
- Full City Block Available
SOLD AND CLOSED!
Federal
Ofce
Building Mpls.CentralLibrary U.S. FederalCourthouse Mpls.City HallTargetCenterGaviidaeCommonIDS Center& CrystalCourtTransitCenterHennepinCty. Govt.Center
subjectproperty 
M   i   s  s  i   s  s  i    p   p  i    R  i   v  e  r  
TargetFieldTargetCorporateHQPiper Jaffray CorporateHQThrivent
Financial
HQ Mall of 
 America
Field Ameriprise
Financial
HQUS
Bancorp
HQTCFCorporateHQ MinneapolisConventionCenter
 He n  n e p i  n   A  ve  B r i dge
Se  A  Bge
Light Rail Station
 
Richard Palmiter 
  Vice President952.924.4603
richard.palmiter@cbre.com
Brian Pankratz
 Senior Associate952.924.4665
brian.pankratz@cbre.com
for MoreinforMation,please contact:
Reed Christianson
  Vice President612.336.5454
reed.christianson@cbre.com
 
222 hennepin avenue
M, 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
 
222 hennepin avenue
M, Mn 55401
Prime Redevelopment Opportunity 
- Full City Block Available
SOLD AND CLOSED!
2011 Estimated Demographics
1 Mile3 Miles5 Miles10 Miles
Population
20,741219,895437,5621,183,725
Growth 2011-2016
5.19%1.58%0.87%1.01%
 Average Household Income
$63,787$50,538$60,872$68,534
Trafc Counts (2008)
Hennepin Ave
±21,900 VPD
 Washington Ave
±25,700 VPD
2nd Ave N
±11,300 VPD
1st Ave N
±14,100 VPD
 
-
 
   H  e  n  n  e  p   i  n   A  v  e
W   a  s  h  i   n   g  t  o  n    A  v  e  N    2  n  d    S  t  
  N   1  s  t   A  v e
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 third
and 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

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