Minneapolis condo in historic Midtown Exchange building listed for 205,000

Gregory Gestner has listed his one-bedroom condo in the historic Midtown Exchange Building in Minneapolis for $205,000, a remarkable deal compared to similar properties in New York City, which can exceed $800,000. After returning to Minnesota, Gestner found the condo's spacious layout and abundant natural light a welcome change from his previous life in cramped studio apartments. The Midtown Exchange, a former Sears distribution center, has been revitalized into a vibrant mixed-use facility, notable for enduring the civil unrest following George Floyd's murder. Community leaders, like Alison Pence from Allina Health, emphasize that this pivotal moment sparked significant neighborhood revitalization. Gestner and other residents express optimism about the area's future, despite past challenges like crime and boarded-up businesses.

The condo boasts modern amenities, including a rooftop deck and easy access to the Midtown Global Market, which features diverse dining options. With its rich history and cultural diversity, the Phillips neighborhood is becoming increasingly attractive to new residents. This property stands as a testament to the evolving real estate landscape in Minneapolis.