Berg Bag Building 410 N 3rd Ave

Investment Highlights

Value-add opportunity Desirable North Loop Neighborhood Highly accessible

Executive Summary

Jones Lang LaSalle, Inc. ("JLL"), as the exclusive advisor, is pleased to present the opportunity to acquire the historic Berg Bag Building ("the Property") located at 410 N 3rd Avenue Minneapolis, MN 55401, a 4 story building totaling 21,875 SF, located in the highly sought-out North Loop district. The Property is currently 100% vacant. This opportunity presents a chance for investors to acquire a historic asset which is attractive to multiple end-users as it is part of Minneapolis's 2040 Plan in the Transit 30 district. Further, the Property may have significant tax incentives for a new owner who is able to capitalize on the pending bill for the adaptive reuse of underutilized and vacant buildings.

• Sale Type    Investment
• Property Type    Office Office General Retail Freestanding General Retail Restaurant FlexLight Distribution Office
• Building Size    21,875
• Building Class    C
• Year Built    1884
• Tenancy    Single
• Building Height    4 Stories
• Typical Floor Size    5,469
• Slab To Slab    9?
• Building FAR    3.94
• Land Acres    0.13 AC