Listing Agency: CBRE - Minnesota a***@cbre.com Show Phone

Listed By: Ann Rinde Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 15 Last Checked: Aug 21 at 10:38AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Minnesota

Investment Insights

Based on property information with market context.

This commercial real estate property is an office building offering office spaces for rent. The property has a size of 41240 square feet.

Key Highlights

• Office building available for lease
• Located in Minneapolis

Property Analytics

Property Profile

Current Use

Andamio Games (Bike/Boat/Book/etc) Store Core States Group Construction Company University of Minnesota Press Publishing House FedEx Drop Box Courier Service Tikal LLC Business Management Consultant

Suggested Use

Top Pick Pet Grooming Service Veterinary Clinic Locksmith Restaurant Butcher (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.40 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

7,281

Businesses Nearby

Explore this area Business Placement

Demographics for 55401, MN

12,029

Population

8,988

Households

1.3

Avg Household Size

35

Median Age

79%

College-Educated

99%

High-School Grad

0.8 sq mi

ZIP Area

15,036

Density / Sq Mi

$115,651

Median Household Income

$89,599

Median Earnings

$2,010

Median Rent

$401,500

Median Home Value

Market

Lease Benchmarks for Minneapolis, MN

$19.2 /SF/Yr

Avg Asking Price

$10–$26 /SF/Yr

Price Range

31,413 SF

Avg Space Size

This space is priced 17% below the average of $19.2 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Rent Nearby

Office Campus with Two Buildings

1300 Godward St NE, Minneapolis, MN 55413

$17 SF/Yr

1,643 sqft

View details

Turnkey Restaurant Space with Dual Hoods

2112 Hennepin Ave, Minneapolis, MN 55405

$4,901/Mo

4,901 sqft

View details

Office/Production Flex Space

668 Kasota Ave SE, Minneapolis, MN 55414

$2,000/Mo

14,400 sqft

View details

North Loop Office/Retail Condo

400 N 1st St, Suite 101, Minneapolis, MN 55401

$11 SF/Yr

10,777 sqft

View details

Street-Level Retail Space with Basement

1607 Hennepin Ave, Minneapolis, MN 55403

$3,086/Mo

3,086 sqft

View details

Office Space with Parking

7808 Creekridge Circle, Minneapolis, MN 55439

$14 SF/Yr

7,800 sqft

View details

Office Space in Northeast Minneapolis

3433 Broadway St NE, Minneapolis, MN 55413

$17 SF/Yr

947 sqft

View details

Warehouse Space with Loading Doors

680 Kasota Ave SE, Minneapolis, MN 55414

$9,800/Mo

9,800 sqft

View details

Stand-Alone Flex Warehouse

3401 Spring Street Northeast, Minneapolis, MN 55413

$6.50 SF/Yr

34,848 sqft

View details

Remodeled Office Space Available

2520 Broadway Street Northeast, Minneapolis, MN 55413

$23 SF/Yr

5,623 sqft

View details

Sponsored

Business-Ready Workspace at MN, Minneapolis - Washington Ave. Contact us today to book a tour!

333 Washington Ave, Minneapolis, MN 55401

Contact for pricing

View details

Multiple Office Solutions at MN, Minneapolis - South 6th St. Contact us today to book a tour!

120 6Th St, Unit 23RD, Minneapolis, MN 55402

$129-$22,024/Mo per office

11-2,166 sqft

View details

Frequently Asked Questions

What type of property is this?

Office building - Office building in Minneapolis available for lease.

Where is this office building located?

The property is located at 111 3rd Avenue South Minneapolis, MN.

What is the lease rate?

The lease rate is $16 SF/Yr.

What are key features of this property?

This property features: Office building available for lease; Located in Minneapolis