Minneapolis, Minnesota, is a prime location for industrial property investments, offering a unique combination of amenities, infrastructure, and location. Industrial properties in Minneapolis for sale provide a diverse range of investment opportunities, from warehouses and manufacturing facilities to distribution centers and flex spaces. These properties can serve various industries, including trade, transportation, utilities, education, health services, and professional and business services. Minneapolis is an attractive location for industrial properties due to its proximity to major transportation hubs, including the Minneapolis–Saint Paul International Airport and the Metro Transit system, which provides easy access to the city's extensive network of highways and interstates. The city's strong educational institutions, such as the University of Minnesota, and its diverse economy, with major corporations like Target Corporation and U.S. Bancorp, also contribute to its appeal. Additionally, Minneapolis offers a high quality of life, with numerous lakes, parks, and cultural attractions, making it an attractive location for businesses and residents alike.
With 34 industrial properties for sale in Minneapolis, investors have a wide range of options to choose from. The average price per square foot for industrial properties in Minneapolis is $124 USD, with an average size of 42,349 square feet. The largest industrial property available is 585,225 square feet. In addition to industrial properties, Minneapolis also offers a range of other property types, including warehouses, land, apartment buildings, and commercial real estate. Warehouses in Minneapolis provide ample storage and distribution space, while land offers opportunities for development and growth. Apartment buildings and commercial real estate, on the other hand, cater to the city's residential and business needs. Overall, Minneapolis is a great place to invest in industrial properties, with its strong economy, excellent infrastructure, and high quality of life.
What is the average price per square foot for industrial properties in Minneapolis?
The average price per square foot for industrial properties in Minneapolis is $124 USD.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Minneapolis, as they impact the ease of goods transportation, employee commute, and overall business operations.
- Proximity to major transportation hubs, such as the Minneapolis–Saint Paul International Airport and the Metro Transit system, can increase industrial property values due to the convenience and cost savings they offer.
- Properties located near major highways, like Interstate 35W, and with easy access to on-street protected bikeways, bike lanes, and off-street bikeways and trails, can also command higher values due to their connectivity and flexibility.
- In addition, industrial properties situated in areas with low traffic congestion and ample parking options, such as those near the Mississippi River, can attract higher values due to their ability to support efficient logistics and supply chain management.
