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Izzy's Ice Cream's Minneapolis location is for sale for $2.5M

Izzy's closed its St. Paul shop last month.

Izzy's Ice Cream's Minneapolis building is on the market for $2.5 million, and is moving away from the ice cream parlor business model. 

Izzy's Minneapolis ice cream parlor at 1100 2nd St. S. was listed for sale less than a month after Izzy's announced it was closing its original St. Paul ice cream shop. When Izzy's made that announcement in late April, it said Minneapolis operations would continue, with the shop reopening May 4 for pick-up and delivery service.

The property, located on the edge of the Mill District, is described in marketing materials as an "iconic" and "architecturally significant" building with "clerestory windows" and "abundant natural light," Colliers International says, noting it is a 5,137 square foot, single-tenant mixed-use retail and food production building that was built in 2012.

According to Izzy's website, the building that features a "purpose-built ice cream kitchen" was designed by Minnesota architect David Salmela.

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On the website, Izzy's notes building an ice cream kitchen and shop is not usually done by small businesses like Izzy's – renting is the norm. But Izzy's production needs grew, so owners Lara Hammel and Jeff Sommer built the Minneapolis location. 

Sommer spoke with the Business Journal about plans for the future, saying they'll reinvent the company. The plan is to sell 14-ounce cups nationwide for delivery, with an online platform launching in a few weeks. This will be in addition to continuing to sell the ice cream at grocery stores.

BMTN has reached out to Izzy's Ice Cream and Colliers International for comment. 

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