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    1020 N 3Rd St Minneapolis, MN 55415

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    For Lease
    $20 SF/Yr ($16,826 /Mo)

    New mixed-use development in Minneapolis' North Loop neighborhood.

    Property size:
    10,096 SF
    Lot size:
    0.58 Acres

    Property Features for 1020 N 3Rd St

    General Information

    Size
    10,096 SF
    Lot size
    0.58 Acres

    Source: Schafer Richardson Agent Erin Larson

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

    Overview

    North Loop Mixed-Use Development Space

    This six-story mixed-use development is located in the North Loop neighborhood of Minneapolis. The building offers commercial space for lease or sale, with design-build opportunities available for retail or office users. The location is one block from Washington Avenue, within walking distance of coffee shops, retailers, restaurants, and breweries. The property has dedicated entrances and signage available on 10th Avenue or 3rd Street. A state-of-the-art 24/7/365 secure parking ramp is adjacent to the building for tenants and guests. The property offers convenient access to I-94, I-394, and Highway 55. The space has capacity for a full-service restaurant/grill, coffee shop, or deli. Please be advised that the METRO Blue Line Extension light rail transit project may impact 10th Avenue North, if approved. For more information, please visit: https://metrocouncil.org/Transportation/Projects/Light-Rail-Projects/METRO-Blue-Line-Extension.aspx
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Redwell Apartment Rental Agency Rast Kitchen Restaurant

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Clothing Store Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2544015
    Latitude
    44.9749652

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    FAQs

    What type of property is this?
    Retail space - New mixed-use development in Minneapolis' North Loop neighborhood.
    Where is this retail space located?
    The property is located at 1020 N 3Rd St Minneapolis, MN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - New mixed-use development in the North Loop.; - Design-build opportunity for retail or office space.; - Located within walking distance of amenities (coffee shops, restaurants, breweries, etc.).
    (612) 314-1692
    Request Owner's contact information
    1020 N 3Rd St Minneapolis, MN 55415
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    Minneapolis, MN 55415
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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
    1020 N 3Rd St Minneapolis, MN 55415
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