for sale 1315 harmon place minneapolis, mn 55403 · 2020-05-26 · sale price: $2,275,000 building...

FOR SALE 1315 HARMON PLACEMINNEAPOLIS, MN 55403

Presented By:

Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]

PROPERTY INFORMATION 3

PROPERTY PHOTOS 13

LOCATION INFORMATION 32

ABOUT LORING PARK 35

ABOUT THE TWIN CITIES 37

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1315 HARMON PLACEMINNEAPOLIS, MN 55403

TABLE OF CONTENTS

PROPERTY INFORMATION

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PROPERTY OVERVIEWRE/MAX Results Commercial Group is proud to offer 1315 Harmon Place, Minneapolis, The PMH Advertisingbuilding. This Shea designed interior is an amazing property. Over 15,000 total SF on three levels. Main levelhas approximately 11,029 SF including mezzanine level. Lower level includes finished and unfinished spacethat’s fully sprinklered. A gorgeous office located in the Loring Park neighborhood of the Minneapolis CBD.Light & bright. The ultimate cool office work environment. The property sale includes 30 off-street enclosedparking spots in the adjacent building parking garage. Very easy access to this Harmon Place building indowntown Minneapolis. Plus, this property has a rich history. 1315 Harmon Place was originally home to theMidland (Graham) Motor Company. The exterior building brick features exemplify its history. Full front glass,with a huge new interior skylight and windows throughout. A downtown office or retail environment likeno other. The property is zoned B4N District. The current owner-tenant will vacate with sale.

The property features 3 restrooms, 19 private offices, kitchenette, large & small conference areas, and hugeopen work spaces. See the video and Matterport virtual 3D walkthrough. Do not disturb tenant. ContactListing Broker for all tours and questions.

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OFFERING SUMMARY

Sale Price: $2,275,000

Building Size: 15,029 SF

Lot Size: 0.22 Acres

Price / SF: $151.25

2020 Taxes: $55,643

Year Built: 1923

Zoning: B4N District

Parking: 30 Off-Street, Enclosed

Traffic Count: 2,000 VPD

S E C T I O N 1 / P A G E 41315 HARMON PLACEMINNEAPOLIS, MN 55403

EXECUTIVE SUMMARY

HISTORIC HARMON PLACE, MINNEAPOLIS1315 Harmon Pl was home to Streed Electric and regional automobile manufacturer, Midland (Graham) Motors located in theHarmon Place Historic District. This was the heart of the Minneapolis automotive district for over fifty years. The buildings alongHarmon Place and Hennepin Avenue include many of the city’s best remaining examples of a vital industry that engagedthousands of entrepreneurs, workers and customers. The automotive buildings reflect the roller-coaster progress of the earlyautomotive industry and the twentieth-century economy as both evolved on the edge of downtown Minneapolis. Allen Harmonsettled the area in 1855, building his home on Hennepin Avenue and 13th Street. After the Civil War, he divided his property andsold it to wealthier citizens of Minneapolis. Until the turn of the century the area served as a prosperous neighborhood filled withmansions, townhouses, and residential hotels. Just after the turn of the century, automobiles grew in popularity and cityresidents started moving further out of the area and commuting back to work. After the first showroom opened in 1907, servicestations and repair and parts shops soon followed. The automotive industry began to develop near Harmon Place and HennepinAvenue. It became known as "Automobile Row."Between 1907 and 1930, the automotive building developed as a specificbuilding type addressed by real estate investors and architects. These buildings and their other counterparts such as partsbuildings and repair garages exhibit a range of Renaissance Revival, Prairie Style and Art Deco treatments, all arranged aroundthe important display windows. The façade arrangement allowed the prominent display of large vehicles, while leaving enoughroom for eye-catching exterior signs. As the wealthy citizens of Harmon Place migrated to the suburbs during the 1920’s, manyof their vacant homes were demolished or used for boarding houses and institutions. Several apartment buildings were erectedon these vacant lots, typically clad in brown or tan brick with common brick used at the rear and side elevations. RenaissanceRevival designs prevailed, with stone or terra cotta trim and heavy sheet metal cornices. The buildings have had few alterations,although brownstone and other masonry are evident. source: City of Minneapolis

HISTORY

http://www.minneapolismn.gov/hpc/landmarks/hpc_landmarks_harmon_place

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SALE PRICE $2,275,000

LOCATION INFORMATION

Street Address 1315 Harmon Place

City, State, Zip Minneapolis, MN 55403

County/Township Hennepin

Cross Streets Spruce Pl

Road Type Paved

Market Type Large

Nearest Highway I-394/I-94

Nearest Airport Minneapolis/St. Paul International

BUILDING INFORMATION

Building Size 15,041 SF

Building Class B

Tenancy Single

Number Of Floors 3

Year Built 1923

Load Factor Yes

Construction Status Existing

Free Standing Yes

PROPERTY DETAILS

Property Type Office

Property Subtype Office Building

Zoning B4N District

Lot Size 0.22 Acres

Traffic Count 2,000

Traffic Count Street Harmon Pl

PARKING & TRANSPORTATION

Street Parking Yes

Parking Type Surface

Number Of Spaces 30

Parking Description There are 15 flex spots (8:30am – 5:30pm) & 15

permanent spots (24/7 access), 30 total. Some

permanent spots are tandem, meaning you park one

car behind another.

UTILITIES & AMENITIES

Handicap Access Yes


PROPERTY DETAILS

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B4N DOWNTOWN NEIGHBORHOOD DISTRICTThe B4N Downtown Neighborhood District is established to provide an environment that promotes the development of higher density neighborhoods surrounding the Downtownoffice core with a variety of goods and services to support Downtown living. The Downtown districts are established to provide a range of retail, entertainment, office, employment,residential, institutional and governmental activities of citywide and regional significance. The regulations recognize the unique qualities of downtown as the business and culturalcenter of the region, as a community of high-density residential choices and as a place where the combined environment attracts businesses, workers, shoppers visitors, touristsand residents.

Permitted Uses: General retail sales & services, Alternative financial establishment, Animal boarding, Antiques & collectibles store, Art gallery, Art studio, Bank or financialinstitution, Bookstore (new or used), Childcare center, Consignment store, Farmers market, Funeral home, Grocery store, Laundry (self-service), Market garden, Motorized scootersales, Neighborhood electric vehicle sales, Office supplies sales & service, Performing arts (visual or martial arts), Pet store, Photocopying, Rental of household goods & equipment,Secondhand goods store, Shopping center, Tattoo & body piercing parlor, Tobacco shop, Veterinary clinic, Video store, Office, Catering, Coffee shop, Liquor store (off-sale),Restaurant, delicatessen, fast food, sit down (including the selling of alcoholic beverages), Hotel (5-20 rooms, 21+rooms) Indoor recreation area, Radio or TV station, Reception ormeeting hall, Sports & health facility, Theater (indoor), Birth center, Clinic (medical or dental), Laboratory (medical or dental), 1-5 dwelling units apart of mixed-use or multiplefamily dwelling, Hospitality residence, Intentional community, Early childhood learning center, Preschool, School (vocational or business), Club or lodge, Community center,Community garden, Community service facility Convention center (public), Developmental achievement center, Educational arts center, Library, Museum, Park (public), Convent ormonastery, Place of assembly, Limited production & processing, Film, video & audio production, Laundry (commercial), Packaging of finished goods, Printing & publishing,Wholesaling, warehousing & distribution, Communication exchange, Passenger transit station, Police station, Post office, Regional financial service center.

For more information: https://library.municode.com/mn/minneapolis/codes/code_of_ordinances?nodeId=MICOOR_TIT20ZOCO_CH549DODI_ARTIGEPR_549.30PRUSDODI


ZONING INFORMATION

1315 Harmon Place, Minneapolis Lower Level Floor Plan

1315 Harmon Place, Minneapolis Main Level Floor Plan

1315 Harmon Place, Minneapolis Mezzanine Level Floor Plan

1315 Harmon Place, Minneapolis

PROPERTY PHOTOS

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S E C T I O N 2 / P A G E 1 41315 HARMON PLACEMINNEAPOLIS, MN 55403

PROPERTY PHOTOS

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PROPERTY PHOTOS

LOCATION INFORMATION

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LANDMARK MAP

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LOCATION MAPS

ABOUT LORING PARK

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ABOUT THE CITY OF MINNEAPOLISDOWNTOWN CORE/LORING PARKThree stadiums, river walks, world class theaters, live music venues, hotels, shopping and dining options. LoringPark is where mellow meets trendy, and it's the best kept secret in the city.Since 1940, the Walker ArtCenter has been a Minneapolis institution and one of the most visited modern and contemporary art museums inthe country. Across the street, the Minneapolis Sculpture Garden is the largest urban sculpture park in theworld, featuring some 40 works of contemporary art, including the city’s iconic “Spoonbridge and Cherry.”Loring Park itself is the most complete park in the downtown area, with basketball and tennis courts, a wadingpool, picnic areas, a garden, a playground, a pond and a bandstand. Three sides face residential buildings andbusinesses, while the fourth looks onto the Minneapolis Sculpture Garden, conveniently accessible by a bridgethat crosses over the zooming traffic on Lyndale Avenue. Nearby you'll find the very first Basilica in the UnitedStates, the Basilica of St. Mary. It's widely known for its ornamental and detailed Beaux-Arts architecture, andalso for hosting the Basilica Block Party every summer. The Basilica of St. Mary is more than a place of worship;it’s a gathering spot for the community to come together to appreciate diversity, art and culture. It's home toseveral art exhibits and galleries, and concerts are held there throughout the year. Unless you’re on the very northeastern edge of downtown, Loring Park is reasonable walking distance from mostpoints in downtown. From Nicollet, you can access the park via the Loring Greenway, a landscaped walkway withplaces to sit or art and fountains to Instagram. If you’d rather give your feet a break, just hop on pretty muchany bus running down Nicollet, get off at Grant Street and it’s about a three block walk from there. InsiderTip: There's actually a free bus that goes back and forth along Nicollet, just look for the buses marked "FreeRide."With all the apartment buildings around Loring Park, street parking can be fierce, but there's also the paidparking ramps option which you can find on the south and east sides of the park. source: minneapolis.org

https://www.minneapolis.org/neighborhoods/downtown/loring-park/

ABOUT THE TWIN CITIES

Life in the Twin Cities

$2 Billion in economic activity generated for Minnesota

by Mall of America

$59,736 Average per capita personal income

MSP Airport38 million travelers, 15 commercial

passenger airlines with 163 nonstop markets

served.

#2 in the Nation#2 State in percentage of the population

with an Associate Degree or higher.

Best Parks

Best parks system in the Nation

Minnesota is officially home to 17 Fortune 500 Companies

Minnesota Fortune 500

DEMOGRAPHICS & OTHER HIGHLIGHTS

Population

33,458Avg. Household

Income$58,203

Median Age33

Households21,590

The Metro Blue Line offer fast, quiet light-rail service to 19 stations between downtownMinneapolis and Mall of America.

METRO BLUE LINE LIGHTRAIL

INTERSTATE & HIGHWAYSNearby Interstates 394 and 94 make travel to surrounding suburbs easy and convenient.

AIRPORTSMinneapolis is located just 20 minutes from MSP Airport with public transit going toand from the main terminal hub.

MINNEAPOLIS (1 MILE RADIUS)

MAILING ADDRESS

748 Grand AvenueSt. Paul, MN 55105

PHONE NUMBER

651.256.7404

WEBSITE

resultscommercial.com

THE TEAM

ManagingBroker

MARKHULSEY

CommercialBroker

HAYDENHULSEY,CCIM

OperationsManager

JESSIEHIGGINS

for sale 1315 harmon place minneapolis, mn 55403 · 2020-05-26 · sale price: $2,275,000 building...

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