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    410 N 3Rd Ave Minneapolis, MN 55414

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    For Sale
    Contact for pricing

    Four-story, 21,875 SF building in Minneapolis's North Loop district.

    Property size:
    21,875 SF
    Lot size:
    0.13 Acres

    Property Features for 410 N 3Rd Ave

    General Information

    Size
    21,875 SF
    Lot size
    0.13 Acres

    Source: JLL Agent Teig Hutchison

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

    Overview

    Historic Berg Bag Building Opportunity

    Located at 410 N 3rd Avenue in Minneapolis, MN, the historic Berg Bag Building offers an opportunity to acquire a four-story, 21,875 SF property in the highly sought-after North Loop district. The building is currently 100% vacant. The property is part of Minneapolis's 2040 Plan in the Transit 30 district. The property may have significant tax incentives for a new owner who is able to capitalize on the pending bill for the adaptive reuse of underutilized and vacant buildings. This historic asset is attractive to multiple end-users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing 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
    -93.2561857
    Latitude
    44.9914979

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    FAQs

    What type of property is this?
    Office building - Four-story, 21,875 SF building in Minneapolis's North Loop district.
    Where is this office building located?
    The property is located at 410 N 3Rd Ave Minneapolis, MN.
    What are key features of this property?
    This property features: - Located in the highly sought-out North Loop district.; - Historic Berg Bag Building offers unique character.; - Significant tax incentives may be available for adaptive reuse.
    (612) 239-0436
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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
    410 N 3Rd Ave Minneapolis, MN 55414
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