Magnum Group Acquires Retail Property At 700 Hennepin Avenue Minneapolis For $1.3M With Broker Matt Hazelton

The property asset involved in this transaction is located at 700 Hennepin Avenue, Minneapolis, MN. This retail asset was sold for $1,300,000. The property was previously part of Seven Steakhouse & Sushi and is associated with executives from Blue Ox Media Group. The sale price reflects a significant decrease from its purchase price of $4.4 million in 2024, as the billboard advertising rights were not included in this sale.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,300,000
• Buyer: Magnum Group
• Broker: Matt Hazelton - JLL
• Date of Sale: 03/04/2026
• Market: Minneapolis, MN

Magnum Group acquired the property with the intention of operating a full-service restaurant at the site, highlighting a shift in the property's use under new ownership. Matt Hazelton from JLL represented the broker in this transaction.