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    721-729 N 3Rd St Minneapolis, MN 55401

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    For Lease
    $26 SF/Yr ($7,741 /Mo)

    Retail space in mixed-use development, North Loop neighborhood.

    Property size:
    3,573 SF
    Lot size:
    0.90 Acres

    Property Features for 721-729 N 3Rd St

    General Information

    Size
    3,573 SF
    Lot size
    0.90 Acres

    Source: Schafer Richardson Agent Erin Larson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Loop Retail Space Available

    This is a second-generation retail space opportunity in a mixed-use Class A apartment and commercial development located in the North Loop neighborhood of Minneapolis. The property is situated two blocks off Washington Avenue, offering convenient access to I-94, I-394, Washington Avenue, and Highway 55. It is within walking distance of coffee shops, retailers, restaurants, breweries, and more. The space was formerly occupied by Rumble Boxing and is suitable for a gym or fitness-related business. It features dedicated entrances and signage on 3rd Street. Several parking options are available for tenants and guests or customers. The commercial space includes a patio area adjacent to the North Loop Park. The property size is 3,573 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2785383
    Latitude
    44.986655

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    FAQs

    What type of property is this?
    Retail space - Retail space in mixed-use development, North Loop neighborhood.
    Where is this retail space located?
    The property is located at 721-729 N 3Rd St Minneapolis, MN.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Prime North Loop location: walk to coffee shops, retailers, restaurants and breweries.; - Patio area adjacent to North Loop Park.; - Convenient access to major highways I-94, I-394, and Highway 55.
    (612) 314-1692
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    721-729 N 3Rd St Minneapolis, MN 55401
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