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Second-Floor Office Condo Suite
For Lease
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718 N Washington Ave, Minneapolis, MN 55401

Second-floor office condo suite with open work area in a downtown Minneapolis building.

Space Size1,457 SF
Days on Market798

Property Features for 718 N Washington Ave

General Information

Standard status Active
Size 1,457 SF
Property subtype OFFICE

Site & Location

Neighborhood North Loop

Spaces For Lease

at 718 N Washington Ave
SoHo Office Condo for Lease or Sale $10/SF/Yr
Floor 2
Size 1,457 SF
Type OFFICE
Lease Type OTHER
Availability AVAILABLE, Now
Sublease No
Fantastic value opportunity to lease a 2nd floor business condo at an incredible price in the Soho building located in the Warehouse District of Minneapolis. 1, 457 sq. ft. of office space - perfect for small business or startup. Large open concept/wo-working space. Association dues include heat, A/C, management, reserves and insurance. Set in the heart of the North Loop in downtown Minneapolis.
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Listing Agency: Engel & Volkers Minneapolis
Listed By: Matt Ditzler
Source: Moodyscre
Added: Aug 26, 2024 Changed: Oct 26 Last Checked: Nov 1 at 9:32AM

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 Engel & Volkers Minneapolis

Rey
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Investment Insights

Based on property information with market context.

This second-floor office condo suite offers 1,457 square feet of business space with a large open concept/work area. The suite is located within the Soho building.

The building is set in the Warehouse District of Minneapolis, described as being in the heart of the North Loop in downtown Minneapolis. The offering is for lease.

Association dues are stated to include heat, A/C, management, reserves, and insurance.

Key Highlights

  • 2nd‑floor business condo suite with 1,457 sq. ft. of office space
  • Large open‑concept / work area layout
  • Association dues include heat, A/C, management, reserves, and insurance

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Razor King LLC Barber Shop PowerObjects, an HCL Technologies ... (Bike/Boat/Book/etc) Store US Bank Mortgage Loan Service R Two Consultant Designers Concierge LLC Courier Service

Suggested Use

Top Pick Nail Salon Electrical Service HVAC Service Plumbing Service Building Supply Carpet & Flooring 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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,983
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Minneapolis, MN

$18.75 /SF/Yr
Avg Asking Price
$6.5–$26 /SF/Yr
Price Range
9,062 SF
Avg Space Size

This space is priced 47% below the average of $18.75 /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

Frequently Asked Questions

What type of property is this?
Office unit - Second-floor office condo suite with open work area in a downtown Minneapolis building.
Where is this office unit located?
The property is located at 718 N Washington Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 2nd‑floor business condo suite with 1,457 sq. ft. of office space; Large open‑concept / work area layout; Association dues include heat, A/C, management, reserves, and insurance
(612) 850-6751 · Office Call to check price and availability
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