The neighborhood contains mostly home owners living in multi-family buildings, with owner occupied housing making up 76% percent of all households in Downtown East, better known as the North Loop. Average median household income is $45,313 per household as compared to an overall household income for Minneapolis of $37,974. Current homes for sale in the neighborhood can be found on the MLS accessed by Minnesota real estate agents. This is one of the hottest areas of the Twin Cities for loft condos and unique homes in historic buildings.
The Downtown East neighborhood, just east of the Minneapolis central downtown business district, is in the heart of Minneapolis and one of the more popular residential neighborhoods in recent years due to its location and the numerous recreational and cultural amenities offered. The neighborhood is bound by West River Parkway and the Mississippi River to the north, Portland Avenue to the west, Interstate 35W to the east and Fifth Street to the south.
Not too long ago, the Downtown East neighborhood was a sleepy neighborhood that consisted of primarily industrial and commercial uses. However, over the several years, the neighborhood has been redeveloped and features some of the most prominent and visited recreational and cultural attractions in Minneapolis. Additionally, while only a small portion of the neighborhood is residential use, the neighborhood has seen a large influx of residents in recent years due to the development of several upscale multi-family residential buildings, mainly along the northern section of the neighborhood closer to the Mississippi River.
The neighborhood was once home to the oldest flour mills in Minneapolis and the largest in the U.S. These impressive and historically significant structures have been razed or converted into cultural and residential uses.
Many of the dining, cultural and recreational amenities in the neighborhood are located along close or along the Mississippi River. The West River Parkway runs t through the neighborhood and is a scenic drive that follows the Mississippi River featuring miles of walking and bike paths, with several tennis courts located along the way. This winding and scenic parkway, travels south to Minnehaha Park and is part of the Grand Rounds National Scenic Byway that directly links the Downtown East neighborhood to miles of paths, trails and parks throughout the city of Minneapolis.
In 2006, the new Guthrie Theater, a long time Minneapolis landmark, was completed in the neighborhood along the banks of the Mississippi River. This modern and impressive structure has received several design awards and features a 178-foot cantilevered bridge that reaches out towards the Mississippi River providing for spectacular views.
Just north of the Guthrie Theater is Mill Ruins Park which features historic mill ruins, walking paths, gardens and amazing views of the nearby Lock and Dam, St Anthony Falls and the Stone Arch Bridge, a cultural icon famous for its elegant arches and breathtaking views of the Minneapolis skyline and Mississippi River.
There are quite a few notable restaurants in the neighborhood including The Old Spaghetti Factory, Spoon River, Grumpy’s, Sawatdee, and Wasabee. A few block away in the core of downtown Minneapolis, residents of Downtown East are able to access numerous entertainment, dining, shopping and cultural amenities that the area is known for. These include a plethora of casual and fine dining options, several theaters, boutique and major department store retail stores, night clubs and grocery stores.
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