Hennepin County Industrial

9649 Humboldt Ave S Space
East Bloomington, Bloomington, MN
# **Inactive- Leased** 9649 S Humboldt Avenue **Year Built:** 1978 (Significant upgrades in 2013) **Land Area: 0.72 Building Square Feet: 12,907** #### Square Feet Available: **OPTION 1: 12,907 square feet total** 9,493 square feet warehouse 1,707 square feet 1st floor office 1, 707 square feet 2nd floor office \* Owner is willing to lease the 2nd floor office space separately **OPTION 2: 7,068 square feet total** 5,873 square feet warehouse 1,195 square feet 1st floor office \* Tenant occupying 4,132 sf identified on floor plan will stay or vacate. Terms available upon request. \* Owner is willing to lease the 2nd floor office space separately #### Property Information **Clear Height:** 18'**  Parking:** 20 surface stalls **Loading:** One (1) dock and Three (3) drive-ins **Office Rates:** $9.00 per square foot **Warehouse Rates:** $5.00 per square foot **2016 Real Estate Taxes:** $27,401.62 (Building) **Zoning:** I-3 Industrial **Floor Thickness - Main Level:** • 6" thick in office • 8" thick in warehouse **Price:** $1,500,000**  Description:** 0.74 acres (32,054 sf) outside storage at neighboring site  \> Fenced, paved and zoned for outdoor storage use \*Currently leased. Terms available upon request. **PID Number:** 16.027.24.24.0012 16.027.24.24.0011 **2016 Real Estate Taxes:** $7,035.10 (Land - Includes both parcels) **PID - Land:**  16.027.24.24.0012; 16.027.24.24.0011 Features - New mechanical systems - Parking: 20 surface stalls - Floor drains - Loading Docks: One (1) dock and Three (3) drive-ins - Excellent access to I-35W - New roof in 2013 with warranty through July 8th, 2023 - New lighting - New restrooms - Make-up air system - Flammable waste traps

Hennepin County

Office Space Market Report

Number of Listings (last 90 days)
1,316
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,320
As of: May 21, 2017

Hennepin County Rates

Most listings are in the $20's per square foot per year. The Hennepin County region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 7% increase in rent.

Hennepin County Listing Supply

In the last 90 days, 1316 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Hennepin County are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,320 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1981 and are Class B.

Hennepin County Community

Market Report

Trends and status of the commercial real estate market in Hennepin County.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hennepin County.
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