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Boutique Office Building in Minneapolis
For Lease
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241 North 5th Avenue, Minneapolis, MN 55401

New office building in the vibrant North Loop neighborhood.

Space SizeContact for details
Days on Market149

Property Features for 241 North 5th Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE - Minnesota
Listed By: Larissa Bodine
Source: Cbre
Added: Mar 25 Changed: Aug 14 Last Checked: Aug 19 at 5:15AM

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 CBRE - Minnesota

Investment Insights

Based on property information with market context.

Steelman Exchange is a new, boutique office building located at the intersection of Washington and 5th Avenue in the North Loop neighborhood of Minneapolis. This modern building is situated in a historic area and offers access to dining, retail, and nightlife.

Key Highlights

  • Prime location at the intersection of Washington and 5th Avenue in the North Loop.
  • Surrounded by the city's best dining, retail, and nightlife.
  • New, boutique office building.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Auto Parts Store Law Firm Pharmacy

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

75
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

$19.2 /SF/Yr
Avg Asking Price
$10–$26 /SF/Yr
Price Range
31,413 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 building - New office building in the vibrant North Loop neighborhood.
Where is this office building located?
The property is located at 241 North 5th Avenue Minneapolis, MN.
What are key features of this property?
This property features: Prime location at the intersection of Washington and 5th Avenue in the North Loop.; Surrounded by the city's best dining, retail, and nightlife.; New, boutique office building.
More about this property
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