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Tower Lofts Condos For Sale & Lease
Tower Lofts Real Estate Statistics
| Average Price | $209K |
|---|---|
| Lowest Price | $1.7K |
| Highest Price | $450K |
| Total Listings | 12 |
| Avg. Days On Market | 74 |
| Avg. Price/SQFT | $255 |
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Tower Lofts: A Former Bag Factory Raises the Bar for Urban Sophistication
One of the most distinctive condominium buildings in the North Loop neighborhood is Tower Lofts. Located at 700 N Washington Avenue, Minneapolis, MN 55401, the local landmark boasts an imposing tower structure that rises high above the six-story former warehouse. Built in 1920 as the Northern Bag Company, the large factory facility needed its own water tower because the city water pressure wasn’t strong enough for the plant’s operational needs. The builders surrounded the water tower with brick, resulting in a clever architectural design. The former warehouse was completely renovated and transformed into a condominium community in 2001, with 138 spacious residences as well as luxury amenities including a stunning roof deck. Other historic loft buildings in the neighborhood include IMS Lofts, Herschel Lofts, and Security Warehouse Lofts.
The transformation of the former Northern Bag Company resulted in truly intriguing condo residences. These spacious units truly capture the industrial warehouse ethos with either concrete or hardwood floors, soaring 13-foot ceilings with heavy beams, and a variety of wall finishes and accents, including brick. Living, dining, and cooking areas are very open and cavernous, and there are all sorts of interesting touches such as bedrooms with wall cutouts and sliding barn doors, or bonus rooms topped with loft platforms that are accessible by ladders, old-school style. Exposed ductwork, fun nooks and alcoves, and giant factory style windows all add to the ambience. The wall-hugging gourmet kitchens are true showcases with a variety of finishes, upscale stainless steel appliances, and dining/prep islands. Some street level residences have private entrances and outdoor patios. Bathrooms offer modern designer finishes, and in-unit washers and dryers are cleverly tucked away. There are also 24 units that are zoned for work/live use, in keeping with the original art loft movement that emerged in the 1960s and 1970s.
Located along Washington Avenue in the heart of the historic warehouse district, Tower Lofts is close to numerous other architectural gems, as well as shops, restaurants, and other businesses. The renovated former factory with its landmark tower and huge arched entries has offices at the street level, including DRG. Residents enjoy a 6,000 square foot rooftop deck with fire pits, gas grilles, lounge furniture and incredible cityscape views. Other amenities and conveniences at the pet-friendly building include in-unit washers and dryers, storage lockers, heated parking, and a prime location near Smack Shack, NOLO’s Kitchen & Bar, FRGMNT Coffee, The Freehouse, Black Sheep Coal-Fired Pizza, and multiple fitness centers including Barry’s Minneapolis directly across the street. Whole Foods is just blocks away.
Amenities, Features, and Conveniences at Tower Lofts
- Pet-Friendly Building is close to walking trails and dog parks
- 6,000 square-foot roof deck with seating for 50, fire pits, gas grilles, and river views
- Heated garage parking for the comfort and convenience of residents
- Individual storage cages for all the items you haven't found a place for yet
- In-unit washers and dryers so that you can do your laundry whenever you want
- Modern kitchens, baths, appliances and fixtures mingle perfectly with historic industrial details
Exploring the Vibrant Appeal of North Loop
Located between downtown Minneapolis and the Mississippi River, North Loop is a former industrial hub that has roared back to life in the modern era. This time around, the brick warehouses that once served wholesalers and manufacturers have fueled the neighborhood’s resurgent drive have been repurposed as unique residential buildings, while long ago pool halls and vaudeville theatres have been replaced by boutique retailers, sports bars, and sidewalk cafes. Popular with urban professionals, the commuter-friendly neighborhood is easy to navigate with roadways like Washington Avenue connecting with the I-94 and I-394. Light rail transit adds further to the convenience. Aficionados of major league sports will enjoy the close proximity to Target Field, home of the Minnesota Twins, and Target Center, with Minnesota Timberwolves NBA action as well as concerts and other events. Whole Foods, the Minneapolis Farmers Market, and coffee shops ranging from indie to the omnipresent Starbucks chain add to a neighborhood that is relatively small in geographic size, but punches well above its weight.
Considering a sale of your condo at Tower Lofts? Let us evaluate your property's worth and provide a comprehensive pricing quote. Fill out our condo seller's form, and our seasoned team of Minneapolis condo specialists at TheAdvisors will be in touch. We'll offer detailed insights into your building's recent sales trends, an effective marketing strategy, and a thorough evaluation of the current market conditions.