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Office Space on Fifth Avenue
For Lease
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650 Portland Avenue, Minneapolis, MN 55415

2,525 SF office space for lease on Fifth Avenue.

Space SizeContact for details
Days on Market147

Property Features for 650 Portland Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency:
Listed By: Jerry Driessen
Source: Cbre
Added: Mar 25 Changed: Aug 17 Last Checked: Aug 17 at 3:48PM

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 Jerry Driessen

Investment Insights

Based on property information with market context.

Approximately 2,525 square feet of vacant space is available for lease on the first floor, facing Fifth Avenue South. The location is within walking distance of various amenities, including retail establishments, food services, business services, the Minneapolis Athletic Club, the Minneapolis Club, US Bank Stadium, The Armory, and Commons Park.

Key Highlights

  • 2,525 sf approx. total vacant for lease
  • First floor location
  • Facing Fifth Ave South

Property Analytics

Current Use

Moment Apartments Apartment Complex Apartment Apartment Building

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Veterinary Clinic Supermarket

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

11,185
Businesses Nearby

Demographics for 55415, MN

5,435
Population
3,124
Households
1.7
Avg Household Size
37
Median Age
70%
College-Educated
96%
High-School Grad
0.4 sq mi
ZIP Area
13,588
Density / Sq Mi
$126,480
Median Household Income
$75,568
Median Earnings
$1,836
Median Rent
$581,500
Median Home Value

Market

Lease Benchmarks for Minneapolis, MN

$16.08 /SF/Yr
Avg Asking Price
$1.67–$26 /SF/Yr
Price Range
7,901 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 - 2,525 SF office space for lease on Fifth Avenue.
Where is this office units located?
The property is located at 650 Portland Avenue Minneapolis, MN.
What are key features of this property?
This property features: 2,525 sf approx. total vacant for lease; First floor location; Facing Fifth Ave South
More about this property
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