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Multi-Tenant Office Building
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530 N 3rd St, Minneapolis, MN 55401

Five-story office building with large windows, exposed brick, heavy timber, and on-site parking and amenities.

Property Size3,192 SF
Days on Market579

Property Features for 530 N 3rd St

General Information

Standard status Active
Size 3,192 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Highway Access Yes

Amenities

on-site bagel/coffee shop
showers
bike storage

Building Details

Stories 5
Construction exposed brick and heavy timber
Tenancy Multi
Listing Agency: Schafer Richardson
Listed By: Mike Olson
Source: Moodyscre
Added: Dec 30, 2024 Changed: Jul 25 Last Checked: Jul 25 at 10:00PM

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 Schafer Richardson

Investment Insights

Based on property information with market context.

This five-story, multi-tenant office building offers a layout suited for multiple occupancies. Interiors feature large windows, exposed brick, and heavy timber construction. Amenities include an on-site bagel/coffee shop, showers, and bike storage.

The property is located in Minneapolis’ North Loop, about two blocks off Washington Avenue. It is within walking distance to Target Field and the light rail mass transit system, with convenient access to I-94, I-394, and Highway 55.

Parking is available on-site through the building parking lot, with additional underground parking described as located in a nearby building.

Key Highlights

  • Five‑story, multi‑tenant Minneapolis North Loop District office building
  • Large windows with views of the downtown skyline
  • Exposed brick and heavy timber construction

Property Analytics

Current Use

Flightless Bird Creative Film Production Rise Bagel Co. (Bike/Boat/Book/etc) Store Chamilia Jewelry (Bike/Boat/Book/etc) Store Center For the Good Life ... Alternative Medicine Practice The Center for The Good Life Alternative Medicine Practice

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Electrical Service Restaurant Pet Grooming Service Tattoo & Piercing Shop

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

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

$17 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
76,115 SF
Avg Space Size

This space is priced 18% below the average of $17 /SF/Yr.

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 building - Five-story office building with large windows, exposed brick, heavy timber, and on-site parking and amenities.
Where is this office building located?
The property is located at 530 N 3rd St Minneapolis, MN.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Five‑story, multi‑tenant Minneapolis North Loop District office building; Large windows with views of the downtown skyline; Exposed brick and heavy timber construction
(612) 359-5843 Call to check price and availability
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