Location: The Property is located along South Washington Avenue at 11th Street, with close proxim- ity to I-35W, and is a bustling transit corridor surrounded by commercial and residential properties, many of which have been recently redeveloped into modern multi-family residences and condominiums. In the surrounding area 2,603 units have been delivered or are in development bringing the total unit count in the area to 3,547 units in the Minneapolis East neighborhood.

Development Potential: The Property allows for a developer or buyer to either use or redevelop the existing building as part of a new development. Due to the Property’s proximity to the Mississippi River, Gold Medal Park, US Bank Stadium and its loca- tion on a transit corridor, the Property is positioned perfectly for redevelopment allowing for significant site density. The BFT20 overlay district provides for a minimum of 6 stories and a maximum of 20 stories, however, with project specific premiums added, the maxi- mum height may be higher than 20 stories.

Zoning: The Property is zoned I benefitting from several overlay districts including:

1.BFT20/Transit 20 Built Form Overlay District

2. DP/Downtown Parking Overlay District

3. I1/Light Industrial District

4. IL/Industrial LIVING Overlay District

Area Amenities: The immediate area is rich with vast dining options, nationally recognized grocery stores, fitness uses, walking and biking trails, banking and public parks. As such, the Mill District area is afforded high walk and bike scores, an important consideration for the modern consumer.