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Top 5 Minneapolis Condo Views Under 200k

Downtown views are not important to everyone but to many it is the very reason why purchasing a condo downtown Minneapolis is appealing.  I want to highlight 5 different Minneapolis neighborhoods and condo developments that I would recommend under $200,000.

1.    Riverwest Condos
Riverwest

 

Neighborhood: Mill District/Downtown East

Current Inventory: 11 condos with views of downtown Minneapolis

The Breakdown: The current options available in Riverwest under 200k are all 1 bedroom condos ranging from 618 sq ft- 832 sq ft.  Riverwest is a great option for both downtown skyline and striking views of the Mississippi River.  All current available units under the 200k price point are on the downtown side of the building but there are 3 options on the river side not far away in price point around the low 200’s. The location along the riverfront is hard to beat and the inventory is on the lower end of the price scale for the neighborhood.
2.    Herschel LoftsHerschel Lofts Minneapolis

Neighborhood: North Loop/Warehouse District

Current Inventory: 1 loft with views of downtown Minneapolis

The Breakdown: The Hershel Lofts is one of the few buildings in the North Loop that have views of the Minneapolis skyline under 200k.  The historic warehouse conversion is perfectly positioned for optimal views from every loft in the building. The current inventory consists of a 723 sq ft, ground floor, 1 bedroom corner unit with a large patio space, ideal for those pre-game grill outs. If you are looking for a loft style space near Target Field keep an eye on the building as more options come available.

3.    Falls/Pinnacle
pinnacle falls

Neighborhood: St. Anthony Main/NE Mpls

Current Inventory: 4 condos with downtown/neighborhood views

The Breakdown: The views from the St. Anthony Main side of the river are unique to the downtown condo market having both southern exposure and the Mississippi River in the foreground.  There is currently a mix of 1 and 2 bedroom condos available under 200k with a square footage ranging from 916-1205.  If your condo does not face directly downtown, have no worries, there is no lack of common space on the rooftop deck.

4.    Skyscape Condos
Skyscape Condos

Neighborhood: Elliot Park

Current Inventory: 2 condos for sale with southern exposure

The Breakdown: Post auction, the Skyscape Condominiums do not have many options remaining in the building under $200,000.  The units available for purchase currently are both on the sunny south side of the building positioned away from high-rises downtown.  Both are one-bedroom units ranging from 710-780 sq ft and starting at $159,900.  The views at Skyscape are split between more of a bird’s eye view of various Minneapolis neighborhoods and the central business district.  If views, proximity to the central business district and up to date amenities are important to you this would be a great option to explore.

5.    Eat Street Flats
Eat Street Flats

Neighborhood: Whittier

Current Inventory: 2 remaining condos with downtown views

The Breakdown: Located on Eat Street along the border of downtown and Uptown Minneapolis the Eat Street Flats is a 4-story new construction condominium development with retail on the 1st floor. The remaining inventory boasting downtown views start at $164,900 for a 1 bedroom condo and range between 732-736 sq ft.  The 3rd and 4th floor have unobstructed downtown views that light up like a Christmas tree at night.  The building is FHA approved and the 2 available condos have never been lived in.  This would be a great option for new construction under 200k.

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Skyscape Condo Auction: Price List

Last week the owners of the current remaining inventory at Skyscape Condos announced that they will be auctioning off their last 26 units at low prices.  The auction will be held on March 14, 2011 at the Graves 601 Hotel. 

Minimum bids start at $125,000 for a 1 bedroom condo on the 22nd floor and units top out at $450,000 for a 3 bedroom + den penthouse.  These are minimum prices and may sell for a higher value.

I have put together a list of available units in Skyscape for my investors complete with minimum bid price, market value, including high and low rent prices.  If you are interested in this information fill out the below form.

Unit Bed/Bath Sq.Ft. Last Asking Price Minimum Bid Price Reduction in Price Min $/SF
2206 1BR / 1BA 930 $229,900 $125,000 -46% $134
2503 1BR+Den / 2BA 945 $274,900 $145,000 -47% $153
2007 2BR / 2BA 1,130 $289,900 $175,000 -40% $155
2605 2BR+Den / 2.5 BA 1,965 $549,900 $325,000 -41% $165

Free Skyscape Remaining Inventory List

If you are interested in receiving a free list please fill out the form and I will get back to you.

Time to Get in Shape: Top 5 Condo Gyms in Minneapolis

DTM5: Top Five Minneapolis Condo Gyms

 via: South-of-Canada

Pinnacle FallsPinnacle Falls Gym

Downtown Mike knows the condo scene, really well. Actually, he knows things you probably don’t even realize you need to know. Mike will regularly feature his top 5 in any given category, hence, “Downtown Mike’s Top Five (DTM5)” Which will come in handy as a resource when you or a friend are looking to move downtown. This week we start with the top 5 gyms. Because healthy living is the way to go.

You’ll be impressed by the options each of these condos offer! Living downtown is a pretty sweet deal…

1. 100 3rd Ave S (Mill District): CarlyleCarlyle pool gym
Features: Praxis Healing Spa is attached to the gym (Here you can get a massage, get your nails did, hot stone massage, acupuncture, etc.) They also have a Yoga/Pilates room and classes. 24 Hr Fitness Center (windows overlooking pool), tanning booths, rooftop lap pool (one of only a few outside-rooftop pools downtown), hot tub, outdoor grilling station and fire pit with views of downtown skyline… a necessity when living downtown.

2. 500 E Grant (Elliot Park): Grant ParkGrant park gym
Features:  All year round-indoor Pool, tanning, massage Room, hot tub, sauna, fitness center.

3. 20 2nd St NE/110 1st Ave NE (NE Mpls): Pinnacle/FallsPinnacle Falls
Features: Newly renovated gym, originally an apartment building converted into condos, yoga room, fitness center, basketball hoop on the rooftop terrace, attached to gym, pool, sauna, hot tub.

4. 929 Portland Ave S: SkyscapeSkyscape Hot Tub
Features: Fitness Center, yoga and pilates studio, and plenty of space for individual and group activities. cardio and weight training equipment, individual TV’s while you train, a whirlpool spa (no regular pool), a sauna, a massage room, and nice views of the rooftop park and the downtown skyline from treadmills.  Group fitness classes twice a week.

5.  401 S 1st St (Mill district), Riverwest:Riverwest Gym
Features:  24 Hr Fitness Center, sauna, hot tub, very active outdoor pool with unobstructed views of downtown skyline, outdoor grilling station and fire pit with views of downtown skyline, attached to club room with pool table and kitchen.

I have been in all of these facilities many times and would say that the ranking is pretty accurate.  The Carlyle is the Country Club concept, Grant park more of a Lifetime Fitness, Pinnacle/Falls and Riverwest the YMCA and Skyscape are like something you would find at a chic hotel. 

-Mike S