Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale The Old Republic Title Building. The Old Republic Title Building, historically known as the Hodgson Building, presents a rare opportunity to reposition a prominent downtown Minneapolis office tower into a high-demand multifamily asset. Located at 400 2nd Avenue South in the heart of the Central Business District, the twelve-story, 135,778 square foot structure has long served as a fixture in the city’s commercial landscape. Originally built for office use, the building was once home to General Mills and later housed Minnesota Title, which became Old Republic National Title Insurance Company in 1978. Today, the building is fully vacant and ideally positioned for adaptive reuse. With potential to accommodate approximately 165 residential units, the structure features expansive window lines throughout, offering ample natural light and sweeping city views. Situated at the convergence of the Downtown East and Gateway Districts, the property benefits from proximity to Minneapolis’ best retail, dining, sports, and entertainment amenities, making it an attractive location for future residents seeking a vibrant urban lifestyle. Further enhancing its appeal, the Old Republic Title Building may qualify for listing on the National Register of Historic Places, opening the door for significant redevelopment incentives. Qualified renovations could be eligible for 20% in federal historic tax credits and an additional 20% in state tax credits, substantially offsetting conversion costs. For multifamily investors, this is a unique chance to transform a downtown landmark into a modern residential community supported by both market fundamentals and historic tax incentives.