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Office Building with Transit Access
For Sale
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3338 University Ave SE, Minneapolis, MN 55414

Existing MTM tenants occupy a 43,000 SF office building with on-site parking near LRT service.

Property Size43,000 SF
Price / SF$53.49
Days on Market774

Property Features for 3338 University Ave SE

General Information

Standard status Active
Size 43,000 SF
Property subtype OFFICE
Listing Agency: Assembly MN LLC
Listed By: Merrie Sjogren
Source: Moodyscre
Added: Aug 1, 2024 Changed: Sep 4 Last Checked: Sep 12 at 8:56AM

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 Assembly MN LLC

Investment Insights

Based on property information with market context.

This for-sale office building totals 43,000 square feet and is currently operating with existing MTM tenants, generating stated cash flow. The property also includes on-site parking for occupants and visitors.

The building is located on University Ave SE and is positioned on the LRT in Prospect Park, providing direct proximity to transit service.

The combination of an established tenant base, on-site parking, and transit access makes the property a straightforward option for buyers seeking an income-producing office asset.

Key Highlights

  • 43,000 SF office building with existing MTM tenants
  • Includes on‑site parking
  • On LRT in Prospect Park

Property Analytics

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Current Use

Claire Steyaert Antiques Home Decor Store Modus Locus Expansion Theater & Performing Art Venue Helen Miller Studio Furniture & Home Goods Flash of Light Ministries Church Glam Diggers Vintage (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Nail Salon Barber Shop Plumbing Service Electrical Service Carpet & Flooring Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,626
Businesses Nearby

Demographics for 55414, MN

36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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 - Existing MTM tenants occupy a 43,000 SF office building with on-site parking near LRT service.
Where is this office building located?
The property is located at 3338 University Ave SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 43,000 SF office building with existing MTM tenants; Includes on‑site parking; On LRT in Prospect Park
(612) 308-9179 Call to check price and availability
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