Huge real estate opportunity in historic building undergoing $30 million renovation

Food & beverage/entertainment use, corporate headquarters and private rooftop space

Now Leasing

Huge real estate opportunity in historic building undergoing $30 million renovation

Food & beverage/entertainment use, corporate headquarters
and private rooftop space

Now Leasing

Huge real estate opportunity in historic building undergoing $30 million renovation

Food & beverage/entertainment use, corporate headquarters and private rooftop space

Now Leasing

233 Park Avenue
Minneapolis, MN 55415

The J.I. Case Building
on the Sherman Block.
Today

The J.I. Case building is currently under a $30 million renovation by Sherman Associates which will activate the neighborhood and is now listed on the National Register of Historic Places. Now leasing spaces available for food & beverage/entertainment use, corporate headquarters and private rooftop space!

The property offers four unique office/retail spaces for lease ranging in size from 1,900 to 15,000 sq. ft., including bar/restaurant space and a rooftop terrace. The building is three stories over a raised basement and has been renovated over the years while still maintaining the historic charm.

Located blocks from U. S. Bank Stadium, Mill City Museum, Guthrie Theater, Stone Arch Bridge and three bustling parks – Gold Medal Park, Central Mississippi Riverfront Regional Park and The Commons – this is a vibrant, high traffic area. The main transportation corridor of South Washington Avenue connects Interstate 35W to downtown Minneapolis and the Warehouse District.

Take a walk around the block and you’ll be in good company with Starbucks, Trader Joe’s, East End Apartments (181 market-rate units), Jimmy John’s, Canopy by Hilton Minneapolis Mill District hotel and Umbra restaurant, as well as Sherman Associates on the third floor of the building. This block, developed by Sherman Associates highlights all of the vibrancy of downtown Minneapolis.

About The J.I. Case Building
Built In

1907

4

Floors

95

Walk Score

History

A witness to the rapid evolution of agriculture and home to the J.I. Case Threshing Machine Company, one of the country’s major farming equipment manufacturers, this century-old building has stood prominently on the corner of South Washington Avenue and Park Avenue in the Minneapolis Downtown East neighborhood since 1907.  The J.I. Case Threshing Machine Company erected (architects Kees and Colburn) and occupied the building for over 50 years as a branch house, distributing and marketing its farming equipment across the Midwest. This building stood tall through a pivotal time in our country’s history as the mechanization of agriculture was crucial to keeping up with the explosive growth of the population, which doubled in thirty years. During this time, the manufacturing and distribution of farming equipment had even surpassed the flour and grain industry in Minneapolis in dollar volume.

The J.I. Case Company eventually dropped “threshing machine” from its name as its product offering expanded and it later relocated to Eagan in 1959, when many other businesses as well as families were moving to the suburbs. In 1959, Minneapolis House Furnishings occupied the space as its warehouse and showroom, until the 1980s. Architects Liebenberg and Kaplan completed an addition shortly after the furniture company moved in. In the early 1990s, the building was remodeled for office space and a restaurant, the Old Spaghetti Factory, which closed in 2019. Sherman Associates acquired the building in 1999 and has since occupied the space as its corporate headquarters.

J.I. Case Building History

Spaces Available

For Your Business
Spaces available for food & beverage/entertainment use, corporate headquarters and private rooftop space!
Lower Level
4,359 sq. ft. proposed retail/office space
Available
1st floor
15,131 sq. ft. proposed bar/restaurant space
Available
2nd floor
14,216 sq. ft. proposed retail/office space
Available
3rd floor
occupied by Sherman Associates, Inc.
Owner Occupied
Rooftop
6,447 sq. ft. proposed rooftop space
Available
Lower Level
4,359 sq. ft. proposed retail/office space
Available
1st floor
15,131 sq. ft. proposed bar/restaurant space
Available
2nd floor
14,216 sq. ft. proposed retail/office space
Available
3rd floor
occupied by Sherman Associates, Inc.
Owner Occupied
Rooftop
6,447 sq. ft. proposed rooftop space
Available

Site Features

Downtown Minneapolis
  • Floor to ceiling windows, exposed wood beams, and tall ceilings with a rooftop terrace.
  • Fantastic corner exposure along Washington Ave and Park Ave!
  • Neighboring tenants include Trader Joe’s, Starbucks, Crooked Pint Ale House, Men’s Spa and Salon.
  • Easy access off of Washington Ave and quick access to I-35W.
  • Located near Guthrie Theater, Mill City Museum, Gold Medal Park, and Stone Arch Bridge!
  • Two blocks from U.S. Bank Stadium and The Commons.

J.I. Case Building

Future Tenants

Property Layout

Floor Plans

Downtown Minneapolis

Demographics

Demographics at
0.5-miles, 1-mile, 1.5-miles, 3-miles & 5-miles

DEMOGRAPHICS
0.5-MILES
1-MILE
1.5-MILES
3-MILES
5-MILES
Households
4,173 20,262 42,599 109,467 209,081
Population
7,792 38,933 87,427 252,614 486,303
Average Income
$154,484 $94,903 $82,336 $78,147 $91,618
Daytime Population
33,129 102,221 161,808 333,651 566,110

*Source: Esri, May 2021

Demographics at
0.5-miles, 1-mile, 1.5-miles, 3-miles & 5-miles

DEMOGRAPHICS
0.5-MILES
1-MILE
1.5-MILES
3-MILES
5-MILES
Households
4,173 20,262 42,599 109,467 209,081
Population
7,792 38,933 87,427 252,614 486,303
Average Income
$154,484 $94,903 $82,336 $78,147 $91,618
Daytime Population
33,129 102,221 161,808 333,651 566,110

*Source: Esri, May 2021

Employment

88.2%

White Collar

3.7%

Blue Collar

8%

Services

16.3%

Unemployment
Key Facts

7,792

Population

4,173

Households

35.2

Median Age
Education

3.3%

No High School Diploma

8.5%

High School Graduate

15.3%

Some College

64.4%

Bachelor’s/Grad/Prof Degree
Income

$154,484

Average Household Income

$89,129

Per Capita Income
Downtown Minneapolis Key Statistics
  • Current downtown population: 56,077
  • Downtown has welcomed 16,161 new residents since 2016.
  • Since 2016, downtown has seen a 37.2% increase in its residential population.
  • Downtown added 1,500 new apartment units in 2021.
  • Downtown absorbed 269,793 square feet of Class A office space.
  • Downtown Minneapolis accounts for 36.2% of all Twin Cities office space.
  • Minneapolis topped $1 billion in new construction permits for the 10th straight year.
  • Of the $1.6 billion in permits, $647 million were from downtown’s Wards 3 and 7 (233 Park Ave is located in Ward 3).
  • Downtown’s top 15 employers make up 22% of downtown’s 216,141 employees.
  • More than 300 restaurants and retail shops are open downtown.
  • Eleven, featuring 118 condo homes, is the tallest building constructed in Minnesota since 1992. It is scheduled to open this month.
  • RBC Gateway, slated to open in 2022, will include the 5-Star Hotel Four Seasons, condos, office space and two dining options by Gavin Kaysen.
  • Sporting events, Broadway shows, concerts, conventions and other events brought more than 5 million visitors to downtown in 2021.

*Source: Minneapolis Downtown Council, February 2022

Mill District

Neighborhood

The Mill District is a neighborhood within Minneapolis, Minnesota, and a part of the larger Downtown East neighborhood. Its approximate boundaries are the Mississippi River to the north, the I-35W Mississippi River bridge to the east, Washington Avenue to the south, and 5th Avenue to the west. It is bounded by Downtown West as well as the rest of the Downtown East neighborhoods. The Marcy-Holmes neighborhood is on the other side of the river. There is a pedestrian and bicycle connection via the Stone Arch Bridge nearby.

Today, the Mill District has re-emerged as the historical and cultural center of Minneapolis. Many of the original flour mills have been saved and renovated into elegant loft homes and office spaces. The fortified ruins of the Washburn “A” Mill, once the largest mill in the world, has been transformed into the cornerstone of the Mill City Museum. Opened in 2003, this National Historic Landmark and museum features exhibits, artifacts, observation deck, and boutique café. The renovated Milwaukee Road Depot is “a place for people again” with a popular ice rink in the old train shed. In 2006, the internationally acclaimed Guthrie Theater moved from its previous location near Loring Park. The MacPhail Center for Music moved its new campus to the neighborhood in 2007. The Mill City Farmers Market, an organic farmers market, was begun in 2006.

86

Walker’s Paradise

95

Rider’s Paradise

95

Biker’s Paradise
Drive Times

5

minutes to
Target Field

10

minutes to
Saint Paul

15

minutes to
MSP Airport
Meet Our Team

Leasing Contact

Ben Kepple

Director of Commercial Leasing

Developed By

George Sherman

CEO

Chris Sherman

President

Trevor Martinez

Developer
Meet Our Team

Don’t Hesitate To Contact Us

Make An Appointment Now

Address

  • Write us:
    BKepple@Sherman-Associates.com
  • Call us:
    (612) 843-4628
  • Visit us:
    233 Park Ave S
    Minneapolis, MN 55415

Leasing Contact

Ben Kepple

Director of Commercial Leasing
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