Furnished Office
For Sale
$1,250,000
301-718 Washington Ave N, Minneapolis, MN 55415
The suite includes workstations, meeting and call rooms, three conference rooms, a kitchen, bathroom, and shower.
Property Size5,334 SF
Price / SF$234.35
Days on Market8
Property Features for 301-718 Washington Ave N
General Information
Standard status
Active
Size
5,334 SF
Net Rentable
5,334 SF
Additional Details
Furnished
Yes
Asking Price
$1,250,000
Taxes and HOA fees
Annual Taxes
$10,537
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Edina Realty, Inc.
(952) 475-2411
Listed By:
Joshua Sanderson
(949) 439-8425
Source:
Exprealty
Added: Oct 7
Changed: Oct 14
Last Checked: Oct 13 at 2:40AM
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 Edina Realty, Inc.
Investment Insights
Based on property information with market context.
This 5,334 RSF office unit in Minneapolis’ North Loop is furnished with 28 desks and team tables. Its layout also includes private meeting and call rooms, three large conference rooms, a kitchen, a bathroom, and a shower.
The current occupant is prepared to lease back the space for three years or longer, with use scheduled for one day each week.
The current occupant is prepared to lease back the space for three years or longer, with use scheduled for one day each week.
Key Highlights
- 5,334 RSF furnished office suite in Minneapolis’ North Loop
- 28 desks and team tables
- Three large conference rooms, plus private meeting and call rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,657
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,333,140
$1.3M
Cap Rate 7%
$952,243
$952.2K
Cap Rate 9%
$740,633
$740.6K
Market Conditions
NOI Build-Up for 5,334 SF
Gross rent
$111.4K $20.88/SF
− Vacancy
−$22.5K −$4.22/SF
EGI
$88.9K $16.66/SF
− OpEx
−$22.2K −$4.17/SF
NOI
$66.7K $12.50/SF
Area
Minneapolis, MN
Vacancy
20.20%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,333,140
Cap Rate 7%
$952,243
Cap Rate 9%
$740,633
Alternative Uses
Best Use
Office B
$952.2K
$833.2K – $1.11M
NOI $66,657 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,081 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 55415, MN
5,435
Population
3,124
Households
1.7
Avg Household Size
37
Median Age
70%
College-Educated
96%
High-School Grad
0.4 sq mi
ZIP Area
13,588
Density / Sq Mi
$126,480
Median Household Income
$75,568
Median Earnings
$1,836
Median Rent
$581,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - The suite includes workstations, meeting and call rooms, three conference rooms, a kitchen, bathroom, and shower.
Where is this office units located?
The property is located at 301-718 Washington Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,334 RSF furnished office suite in Minneapolis’ North Loop; 28 desks and team tables; Three large conference rooms, plus private meeting and call rooms
