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Wells Fargo Bank Building 1011 S 1st St

58,714 SF 46% Leased Office Building Hopkins, MN 55343 $3,950,000 ($67/SF)

Investment Highlights

  • An iconic landmark building with brick exterior across the street from City Hall. Attractive and well maintained.
  • Light rail (soon available) within walking distance and Metropolitan Bus service at site.
  • Located on the west end of Downtown Hopkins. Lots of shops, restaurants and entertainment within walking distance.

Executive Summary

Discover professional elegance at the Wells Fargo building, 1011 S 1st St, Hopkins, MN. With spacious floor plans, abundant natural light, and sleek conference rooms, it's the ideal workspace. Conveniently located half a mile from the Hwy 169 exit, commuting is effortless, while nearby amenities and landmarks enrich work-life balance. Elevate your business in a prime location that values productivity and community connection.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
58,714 SF
Building Class
C
Year Built/Renovated
1955/1974
Price
$3,950,000
Price Per SF
$67
Percent Leased
46%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
14,679 SF
Building FAR
1.30
Lot Size
1.04 AC
Zoning
B2 - Central Business
Parking
395 Spaces (6.73 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Bus Line
  • Signage
  • Wheelchair Accessible
  • Kitchen
  • Basement
  • Central Heating
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Finance and Insurance
  • -
  • -
  • -

Wells Fargo is a leading global financial services company headquartered in San Francisco with hub offices in major cities across the United States. They are proud to serve many households and many of small businesses in the U.S. They provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through their reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo has office locations across the world to help their business customers succeed on an international scale. Outside of the U.S., they focus on providing banking services for large corporate, government and financial institution clients. They have worldwide expertise and services to help their customers improve earnings, manage risk, and develop opportunities in the global marketplace.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Finance and Insurance - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 120
  • 2,000-3,026 SF
  • Office
  • Full Build-Out
  • 90 Days

$13-$15 NNN

  • 1st Fl-Ste 150
  • 9,275 SF
  • Office
  • Full Build-Out
  • 90 Days

$13-$15 NNN

  • 2nd Fl-Ste 200
  • 9,565 SF
  • Office
  • Full Build-Out
  • 90 Days

$13-$15 NNN

  • 4th Fl-Ste 450
  • 1,500-6,026 SF
  • Office
  • Full Build-Out
  • 30 Days

$13-$15 NNN. Storage space is available

Space Size Space Use Condition Available
1st Fl-Ste 120 2,000-3,026 SF Office Full Build-Out 90 Days
1st Fl-Ste 150 9,275 SF Office Full Build-Out 90 Days
2nd Fl-Ste 200 9,565 SF Office Full Build-Out 90 Days
4th Fl-Ste 450 1,500-6,026 SF Office Full Build-Out 30 Days

1st Fl-Ste 120

Size
2,000-3,026 SF
Space Use
Office
Condition
Full Build-Out
Available
90 Days

1st Fl-Ste 150

Size
9,275 SF
Space Use
Office
Condition
Full Build-Out
Available
90 Days

2nd Fl-Ste 200

Size
9,565 SF
Space Use
Office
Condition
Full Build-Out
Available
90 Days

4th Fl-Ste 450

Size
1,500-6,026 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Fl-Ste 120

Size 2,000-3,026 SF
Space Use Office
Condition Full Build-Out
Available 90 Days

$13-$15 NNN

1st Fl-Ste 150

Size 9,275 SF
Space Use Office
Condition Full Build-Out
Available 90 Days

$13-$15 NNN

2nd Fl-Ste 200

Size 9,565 SF
Space Use Office
Condition Full Build-Out
Available 90 Days

$13-$15 NNN

4th Fl-Ste 450

Size 1,500-6,026 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

$13-$15 NNN. Storage space is available

Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 24-117-22-34-0245
  • 24-117-22-34-0049
Land Assessment
$1,069,000
Improvements Assessment
$4,871,000
Total Assessment
$5,940,000
  • Listing ID: 31184837

  • Date on Market: 3/11/2024

  • Last Updated:

  • Address: 1011 S 1st St, Hopkins, MN 55343

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