Redeveloped Mixed-Use
418 N 3rd Ave Minneapolis, MN 55401
For Sale
Contact for pricing
Fully redeveloped mixed-use building offers small full-floor opportunities with on-site parking in Minneapolis’ North Loop.
Property Size15,182 SF
Price / SF$191.02
Days on Market640
Property Features for 418 N 3rd Ave
General Information
Standard status
Active
Size
15,182 SF
Property subtype
OFFICE
Listing Agency:
Assembly MN LLC
(612) 978-3257
Listed By:
Edward Landenberger
(612) 978-3257
Source:
Moodyscre
Added: Oct 28, 2024
Changed: Jul 28
Last Checked: Jul 28 at 10:32PM
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 fully redeveloped mixed-use building is offered for sale or lease and is designed to support flexible small full-floor opportunities for office, live-work, and retail uses. The property was completely redeveloped under the guidance of AWH Architects, featuring high-end materials and finishes throughout.
Located in Minneapolis’ North Loop area, the building includes on-site parking to support tenants and visitors. The layout supports multiple use types within the same building, making it suitable for occupants looking for dedicated space while operating under one roof.
With its complete redevelopment and modern finishes, the property presents a ready-to-occupy option for office, live-work, or retail configurations on a full-floor basis.
Located in Minneapolis’ North Loop area, the building includes on-site parking to support tenants and visitors. The layout supports multiple use types within the same building, making it suitable for occupants looking for dedicated space while operating under one roof.
With its complete redevelopment and modern finishes, the property presents a ready-to-occupy option for office, live-work, or retail configurations on a full-floor basis.
Key Highlights
- Fully redeveloped mixed‑use building for sale or for lease
- Small full‑floor opportunities for office, live‑work, and retail uses
- On‑site parking available
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $317.0k | $20.88 |
| − Vacancy | −$64.0k | −$4.22 |
| EGI | $253.0k | $16.66 |
| − OpEx | −$63.2k | −$4.17 |
| NOI | $189.7k | $12.50 |
15,182 SF · lease $20.88/SF/yr · vacancy 20.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,725 @ 7.0% cap · market cap 6.54%
Second Best
Mixed Use
$2.45M
$2.14M – $2.86M
NOI $171,373 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$3.62M
$3.17M – $4.23M
NOI $253,548 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully redeveloped mixed-use building offers small full-floor opportunities with on-site parking in Minneapolis’ North Loop.
Where is this mixed-use property located?
The property is located at 418 N 3rd Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Fully redeveloped mixed‑use building for sale or for lease; Small full‑floor opportunities for office, live‑work, and retail uses; On‑site parking available
