TractorWorks Building Sale Highlights North Loop Office Market Shift
A Big Price Drop in a Prime Minneapolis Location
The TractorWorks building in Minneapolis’ North Loop sold for $25.5 million, nearly half of its 2014 sale price. Located at 800 Washington Ave N, the property reflects broader changes in the office market while highlighting where investors still see value.
From Factory to Office Icon
Built in 1902, TractorWorks originally manufactured farm equipment before being converted into modern office space. Over the years, millions have been invested into renovations, transforming it into one of the most recognizable adaptive reuse buildings in the North Loop.
Why the North Loop Still Stands Out
Despite office challenges across the Twin Cities, brokers continue to call the North Loop a standout micro market. Walkability, restaurants, housing, and parking access make it attractive to tenants and investors alike.
What This Means for Minneapolis Real Estate
This sale shows how pricing has reset while interest remains strong in the right locations. For buyers and sellers, it reinforces how location and adaptability matter more than ever in today’s market.
