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Office Suite with Downtown Views
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123 N 3rd St, Minneapolis, MN 55401

Modern office suite with an open floor plan, existing kitchenette, exposed brick, and abundant natural light.

Property Size5,105 SF
Days on Market8

Property Features for 123 N 3rd St

General Information

Standard status Active
Size 5,105 SF
Property subtype OFFICE

Additional Details

Space Use Office

Amenities

kitchenette
exposed brick
natural light
downtown views
Listing Agency: Element, Inc
Listed By: JoAnna Hicks
Source: Moodyscre
Added: Jul 24 Changed: Jul 29 Last Checked: Jul 30 at 2:19PM

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.

An office suite in the Colwell Building in Minneapolis’ Warehouse District featuring modern finishes and views of downtown. The space offers an open floor plan designed for flexibility, along with an existing kitchenette. Interior details include exposed brick, complemented by plentiful natural light and downtown views.

Located at 123 N 3rd St, this suite is set within a multi-tenant building environment. The combination of an open layout, kitchenette access, and visible architectural elements supports a range of office users seeking a bright, adaptable workplace.

The suite’s core functional components include open work area configuration, an on-site kitchenette, and exposed brick finishes, with natural light and downtown-facing views as key daily-use features.

Key Highlights

  • Open floor plan for user flexibility
  • Existing kitchenette
  • Exposed brick interior features

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 - Modern office suite with an open floor plan, existing kitchenette, exposed brick, and abundant natural light.
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: Open floor plan for user flexibility; Existing kitchenette; Exposed brick interior features
(612) 436-8201 Call to check price and availability
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