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Move-In Ready Office Suite
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123 N 3rd St, Minneapolis, MN 55401

Office suite in the Colwell Building with private offices, conference room, reception, and kitchen.

Property Size4,852 SF
Days on Market8

Property Features for 123 N 3rd St

General Information

Standard status Active
Size 4,852 SF
Property subtype OFFICE

Amenities

3 large private offices
14-person conference room
open office seating
welcoming reception area
large kitchen with cooktop
plentiful natural light with views of downtown
Listing Agency: Element, Inc
Listed By: JoAnna Hicks
Source: Moodyscre
Added: Jul 24 Changed: Jul 28 Last Checked: Jul 30 at 1:16PM

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 Element, Inc

Investment Insights

Based on property information with market context.

Move-in-ready office suite in the Colwell Building offering modern finishes and views of downtown. The space includes three large private offices, an approximately 14-person conference room, open office seating, and a welcoming reception area. A large kitchen with cooktop supports day-to-day office needs, and the layout is designed to take advantage of plentiful natural light.

Located at 123 N 3rd St in Minneapolis’ Warehouse District, the suite is positioned for businesses seeking a downtown-oriented office environment within an established building.

The interior configuration balances collaborative and private work areas, with a dedicated conference room and multiple private offices alongside an open seating plan and kitchen space.

Key Highlights

  • Move‑in‑ready office suite in the Colwell Building in the Warehouse District with downtown views
  • Includes 3 large private offices
  • 14‑person conference room plus open office seating

Property Analytics

Current Use

Cinemotion Film Production Countrywide Tire & Rubber Big Box & Wholesale Store Punch Through (Bike/Boat/Book/etc) Store Drip Corporate Office Parker Daniels Kibort, ... Law Firm

Suggested Use

Top Pick Electrical Service Pet Grooming Service Locksmith Butcher Veterinary Clinic (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

Location Intelligence

Trade Area within ½ mile

10,378
Businesses Nearby

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

$20.3 /SF/Yr
Avg Asking Price
$6.5–$42.94 /SF/Yr
Price Range
12,927 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office units - Office suite in the Colwell Building with private offices, conference room, reception, and kitchen.
Where is this office units located?
The property is located at 123 N 3rd St Minneapolis, MN.
What are key features of this property?
This property features: Move‑in‑ready office suite in the Colwell Building in the Warehouse District with downtown views; Includes 3 large private offices; 14‑person conference room plus open office seating
(612) 436-8201 Call to check price and availability
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