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

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SOLD
$1,300,000

Minnesota

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

700 Hennepin Avenue

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Retail
Sold
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:Retail
Transaction Type:Sale

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.

Players

Matt Hazelton
JLL
Matt Hazelton
8 deals$287.2M volume(612) 396-7723
BROKER
MG
Magnum Group
BUYER

Details

SOLD
IMAGE: 03/04/2026 ADDRESS: 700 Hennepin Avenue MARKET: Minneapolis, MN ASSET TYPE: Retail BUYER: Magnum Group BROKER: Matt Hazelton - JLL SALE PRICE: $1,300,000 NOTE: Seven Steakhouse & Sushi in Minnesota sold for $1.3 million without its billboard advertising rights, a steep drop from its $4.4 million purchase price in 2024. The property was acquired by Magnum Group, which plans to operate a full-service restaurant at the site previously associated with executives from Blue Ox Media Group.

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