IMS Lofts | International Market Square Minneapolis Condos
IMS Lofts is a distinctive condominium development within International Market Square at 290 Market Street in Minneapolis. The property offers a very different condo experience from the traditional warehouse lofts of the North Loop, combining residential lofts with a large mixed-use building known for design showrooms, offices, event space, and commercial uses.
Residences at IMS Lofts can vary considerably in floor plan, ceiling height, natural light, views, renovation quality, parking, and overall layout. Because the residential condos are part of a much larger mixed-use property, buyers should pay particularly close attention to association structure, commercial ownership, financing requirements, parking rights, and current building documents.
IMS Lofts is located just west of downtown Minneapolis, with relatively quick access to the North Loop, Bryn Mawr, Theodore Wirth Park, downtown employment, and major transportation routes.
Use the listings below to explore current IMS Lofts condos for sale. If you are considering buying or selling in the building, Schedule a Consultation to discuss recent sales, financing considerations, association structure, unit differences, and current market conditions.
IMS Lofts For Sale and Lease
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A Local Guide to IMS Lofts
IMS Lofts is one of the more unusual condominium properties in Minneapolis because the residential component sits within International Market Square, a much larger mixed-use complex.
After more than 20 years working with Minneapolis condos and lofts, I have found that mixed-use properties like IMS require buyers to understand much more than the individual residence. Commercial ownership, association structure, financing eligibility, parking, insurance, reserves, and building operations can all play an important role in a purchase.
International Market Square
International Market Square is a large historic commercial and design complex that has long housed interior-design showrooms, offices, event spaces, and other commercial uses in addition to residential condominiums.
The residential lofts are therefore part of a very different environment from a building that is entirely residential. Buyers should understand how residential and commercial components interact before purchasing.
Mixed-Use Condo Ownership
Mixed-use condominium developments can have different financing and association considerations than primarily residential buildings.
Buyers should review:
- Percentage of residential vs. commercial ownership
- Association structure
- Shared expenses between commercial and residential portions
- Insurance responsibilities
- Parking rights
- Reserve funds
- Recent capital projects
- Financing eligibility
- Rental restrictions
- Association meeting minutes
Depending on the current building documents and lender requirements, financing may require additional review or a portfolio loan. Buyers should confirm financing options before assuming the building will qualify for conventional condominium financing.
IMS Loft Floor Plans
Individual residences at IMS Lofts can vary substantially in size, configuration, and architectural character.
Buyers should pay attention to:
- Floor plan
- Ceiling height
- Unit orientation
- Natural light
- Window configuration
- Renovation quality
- Parking
- Storage
- Views
- Overall condition
In loft-style residences, square footage alone does not always explain how usable the space feels, so floor-plan efficiency and window placement can be particularly important.
Parking at IMS Lofts
Parking should be reviewed carefully for each individual residence. Buyers should confirm the exact number, location, and legal rights associated with any parking spaces included with the unit.
Because International Market Square includes substantial commercial use, understanding residential parking rights and guest-parking arrangements is especially important.
HOA and Association Considerations
Association review is one of the most important parts of purchasing at IMS Lofts.
- Monthly HOA dues and what they include
- Residential vs. commercial expense allocation
- Reserve funds
- Special assessments
- Association insurance
- Recent and upcoming capital projects
- Roof, windows, elevators, mechanical systems, and exterior maintenance
- Parking and storage rights
- Rental restrictions
- Pet policies
- Association meeting minutes
- Any known litigation or major repair issues
The mixed-use structure makes it particularly important to understand which expenses belong to the residential association and which are shared with the larger complex.
Financing IMS Lofts
Financing can be more building-specific at IMS Lofts than at a conventional residential condominium property.
Commercial concentration, association structure, insurance, reserves, and lender condominium-review requirements can all affect financing eligibility. Some buyers may need to work with lenders experienced in mixed-use or portfolio condominium financing.
Financing guidelines change, so buyers should verify current options with a lender familiar with the building before writing an offer.
IMS Lofts Location
IMS Lofts is located just west of downtown Minneapolis, providing relatively convenient access to the North Loop, Bryn Mawr, downtown Minneapolis, and Theodore Wirth Park.
The location offers a different setting from condos directly in the North Loop core, with easier access to western Minneapolis neighborhoods and major transportation routes.
IMS Lofts vs. Traditional North Loop Lofts
Buyers considering IMS Lofts may also look at historic North Loop buildings such as Tower Lofts or Itasca Lofts.
The biggest difference is building structure. Traditional North Loop loft buildings are primarily residential condominium developments, while IMS Lofts is part of a large mixed-use commercial complex. That can affect financing, association operations, parking, amenities, and resale considerations.
IMS Lofts Real Estate FAQ
Where is IMS Lofts located?
IMS Lofts is located at 290 Market Street in Minneapolis within International Market Square.
What does IMS stand for?
IMS refers to International Market Square, the larger mixed-use complex that contains the residential lofts.
Is IMS Lofts a traditional residential condo building?
No. The residences are part of a much larger mixed-use property with commercial showrooms, offices, event spaces, and other non-residential uses.
Can financing be different at IMS Lofts?
Yes. Mixed-use concentration, association structure, insurance, and lender condominium-review requirements can affect financing eligibility. Buyers should verify current financing options before purchasing. Most likely a non warrantable loan option (portfolio).
What should buyers review before purchasing at IMS Lofts?
Buyers should review HOA dues, reserves, commercial vs. residential expense allocation, insurance, assessments, meeting minutes, parking, rental rules, recent capital projects, and current financing eligibility.
How should I compare IMS Lofts with North Loop warehouse lofts?
Compare building structure, floor plan, parking, association finances, financing, commercial use, location, renovation quality, and recent building-level sales rather than relying only on price per square foot.
Buying or Selling at IMS Lofts
Value at IMS Lofts can vary based on floor plan, natural light, parking, renovation quality, views, condition, financing availability, and recent sales within the building.
If you are considering buying or selling at IMS Lofts, Schedule a Consultation to talk through current financing options, association considerations, recent sales, and how the building compares with other Minneapolis loft properties.