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5th Ave Lofts

5th Avenue Lofts | North Loop Minneapolis Condos

5th Ave Lofts Minneapolis


5th Avenue Lofts is a seven-story condominium building at 401 N 2nd Street in the North Loop of Minneapolis. The building combines loft-inspired architecture with newer condominium construction, offering high ceilings, large windows, concrete columns, hardwood floors, and more finished interiors than many traditional warehouse conversions.

Residences at 5th Avenue Lofts are generally larger than many downtown condos, with floor plans ranging from approximately 1,149 to more than 3,000 square feet. Individual units can vary by layout, floor height, balcony or outdoor space, parking, natural light, views, and renovation quality.

The building is part of the historic warehouse block that also includes Security Warehouse Lofts, giving buyers an interesting opportunity to compare newer loft-style construction with a true historic warehouse conversion in the same immediate location.

5th Avenue Lofts is close to the Mississippi River, Target Field, Washington Avenue, restaurants, trails, and the broader North Loop. Use the listings below to explore current condos for sale, or Schedule a Consultation to discuss recent sales, association considerations, and how individual units compare within the building.

5th Avenue Lofts For Sale

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A Local Guide to 5th Avenue Lofts

5th Avenue Lofts offers a different version of North Loop loft living. Rather than being a direct warehouse conversion, the building was designed with loft-inspired features such as high ceilings, concrete columns, large windows, open living areas, and hardwood floors while offering a more finished residential feel.

After more than 20 years working with Minneapolis condos and lofts, I have found that buildings like 5th Avenue Lofts often appeal to buyers who like the architecture and location of the North Loop but prefer more conventional bedroom layouts, larger floor plans, and a broader amenity package.

Architecture and Floor Plans

5th Avenue Lofts contains a wide range of condominium layouts, with residences generally ranging from approximately 1,149 to more than 3,000 square feet.

Common building and unit features may include:

  • Approximately 10-foot ceilings
  • Large windows
  • Concrete columns
  • Hardwood flooring
  • Open living areas
  • Private or semi-private balconies on select units
  • Ground-floor residences with private entrances
  • Larger two-bedroom and multi-bedroom floor plans

Individual units vary significantly, so buyers should evaluate the specific layout, orientation, outdoor space, parking, and renovation history rather than assuming every residence functions the same way.

5th Avenue Lofts Amenities

The building has historically offered a stronger amenity package than many smaller North Loop loft buildings.

  • Two rooftop decks
  • Community room
  • Fitness room
  • Lobby and common areas
  • Secured access
  • On-site management or caretaker services
  • Designated outdoor pet area

Buyers should verify current amenities and exactly what is included in HOA dues through the most recent association documents.

5th Avenue Lofts and Security Warehouse

One of the more interesting aspects of this property is its relationship with Security Warehouse Lofts. The two buildings are physically connected and share certain common amenities, but they offer very different architectural experiences.

Security Warehouse Lofts is a historic brick-and-timber warehouse conversion, while 5th Avenue Lofts provides newer construction with loft-inspired architecture. Buyers comparing the two can often see the difference between authentic warehouse character and a more modern interpretation of loft living within the same block.

HOA and Association Considerations

As with any North Loop condominium purchase, buyers should review the association carefully.

  • Monthly HOA dues and what they include
  • Reserve funds
  • Special assessments
  • Association insurance
  • Recent and upcoming capital projects
  • Rental restrictions
  • Parking and storage rights
  • Pet policies
  • Association meeting minutes
  • Any known litigation or major repair issues

Association finances, shared-building obligations, and long-term capital planning can materially affect both ownership experience and resale value.

Parking and Storage

Parking is an important consideration in the North Loop. Buyers should confirm the exact number and type of parking spaces included with a specific unit, along with any separate storage rights.

Parking can create a meaningful value difference, especially for larger units or residences with multiple bedrooms.

North Loop Location

5th Avenue Lofts is located in the heart of the North Loop, close to Washington Avenue, the Mississippi River, Target Field, trails, restaurants, and neighborhood businesses.

The location provides a strong combination of downtown access and North Loop neighborhood activity while remaining close to the riverfront trail system.

5th Avenue Lofts vs. Historic North Loop Lofts

Buyers comparing 5th Avenue Lofts with buildings such as Tower Lofts or Itasca Lofts should expect meaningful differences in construction and layout.

Historic conversions generally offer more exposed brick, timber, and highly individual floor plans, while 5th Avenue Lofts offers more consistent residential layouts, finished ceilings, larger floor plans, and a broader common amenity package.

5th Avenue Lofts Real Estate FAQ

Where is 5th Avenue Lofts located?

5th Avenue Lofts is located at 401 N 2nd Street in the North Loop of Minneapolis.

Is 5th Avenue Lofts a historic warehouse conversion?

No. It is newer condominium construction designed with loft-inspired features such as high ceilings, concrete columns, open layouts, and large windows.

How large are the condos at 5th Avenue Lofts?

Residences generally range from approximately 1,149 to more than 3,000 square feet, although individual floor plans vary.

What amenities does 5th Avenue Lofts offer?

Shared amenities have historically included rooftop decks, a community room, fitness room, secured access, common areas, and a designated outdoor pet area. Buyers should verify current amenities through association documents.

How is 5th Avenue Lofts connected to Security Warehouse?

The two condominium properties are physically connected and share certain amenities, but 5th Avenue Lofts is newer loft-style construction while Security Warehouse is a historic warehouse conversion.

What should buyers review before purchasing at 5th Avenue Lofts?

Buyers should review HOA dues, reserves, insurance, assessments, meeting minutes, parking, storage, rental rules, shared-building obligations, recent capital projects, and the condition of the individual unit.

How should I compare 5th Avenue Lofts with other North Loop condos?

Compare construction type, floor plan, parking, outdoor space, association finances, amenities, location, renovation quality, and recent building-level sales rather than relying only on price per square foot.

Buying or Selling at 5th Avenue Lofts

Value at 5th Avenue Lofts can vary significantly based on floor plan, size, floor height, outdoor space, natural light, parking, renovation quality, and recent sales within the building.

If you are considering buying or selling at 5th Avenue Lofts, Schedule a Consultation to talk through recent sales, association considerations, and how the building compares with other North Loop condo and loft options.

Do you own a condo in the 5th Ave Lofts condos and happen to be thinking about selling?  Let me assess your condo value and get you a price quote.  Fill out my condo sellers form and our team of Minneapolis condo experts at Downtown Resource Group will get back to you with more information on the recent sales activity in your building as well as provide you a marketing plan and general market assessment.