For Auction
Lender Sale I Iconic Downtown Minneapolis High Rise
Minneapolis, MN 554015 brokers
Asset Snapshot
Offering Summary
Investment Highlights
- A Prime Site At Downtown East's Edge: 400 2nd Avenue S sits exactly where the CBD, Downtown East, and Gateway Districts converge.
- Twelve-Story, 135,778 SF Brick Tower: This 1929-built tower offers expansive steel-framed windows and sweeping skyline views.
- 165-Unit Multifamily Conversion Upside: Fully vacant building layout supports studio, alcove, one-bedroom, and two-bedroom units.
- Up To 40% In Combined Historic Tax Credits: Register-eligible building may qualify for a combined 20% federal plus 20% state credit.
- Conversion Groundwork Already Underway: BKV Group and New History are already engaged, cutting entitlement and design timelines.
- Anchored In A 14 Fortune 500 Company Metro: Minneapolis-St. Paul's 3.7M-person metro includes Target, 3M, Best Buy, U.S. Bancorp.
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, the Old Republic Title Building at 400 2nd Avenue South is a fully vacant, twelve-story, 135,778 SF office tower poised for conversion into up to 165 multifamily units in the heart of downtown Minneapolis. Built in 1929 as the Hodgson Building and later home to General Mills and Old Republic National Title Insurance Company, the property retains expansive steel-framed windows, sweeping city views, and structural bones suited to studio, alcove, one-bedroom, and two-bedroom layouts. Third-party partners BKV Group (architecture) and New History (historic consulting) are already engaged, and the building may qualify for listing on the National Register of Historic Places, unlocking 20% federal and 20% state historic tax credits to substantially offset conversion costs. Situated at the convergence of the CBD, Downtown East, and Gateway Districts, the asset sits minutes from U.S. Bank Stadium, the Mississippi riverfront, and Minneapolis's skyway network, positioning it to capture housing demand from a metro adding more than 170,000 residents by 2028.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
