418 N 3rd Ave, Minneapolis, MN
Redeveloped mixed-use building in the North Loop available for lease.
- Added:
- Oct 28, 2024
- Days on Market:
- 602
- Last Refresh:
- May 20 at 9:13 pm
Property Features for 418 N 3rd Ave
General Information
- Standard status
- Active
- Size
- 15,182 SF
- Lot size
- 0.08 Acres
- Property subtype
- OFFICE
Properties For Sale
at 418 N 3rd Ave Contact us
Listing agent Edward Landenberger (612) 978-3257
Listing office Assembly MN LLC (612) 978-3257
Listing date Oct 28, 2024
Source Moodyscre
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 Assembly MN LLC
HighLights
- Prime North Loop location.
- Suitable for office, live‑work, or retail use.
- Recently redeveloped with top‑notch materials and finishes.
- Boutique building.
- On‑site parking included.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $317.0k | $20.88 |
| − Vacancy | −$64.0k | −$4.22 |
| EGI | $253.0k | $16.66 |
| − OpEx | −$63.2k | −$4.17 |
| NOI | $189.7k | $12.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2564
- Latitude
- 44.9911
