Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    305-315 5Th Ave N Minneapolis, MN 55415

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space in the heart of the North Loop.

    Property size:
    1,407 SF
    Lot size:
    0.79 Acres

    Property Features for 305-315 5Th Ave N

    General Information

    Size
    1,407 SF
    Lot size
    0.79 Acres

    We can help!

    Listing Contact
    Mike Doyle
    Mike Doyle
    Source: Moodyscre

    Listing Agency: Kenwood Commercial Listing Agent: Mike Doyle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Creative Office Space in North Loop

    This office space, encompassing 1355 square feet, is situated in the North Loop, an area known for its appeal to creative office users. The location provides convenient access to the NorthStar Line and light rail system via the Target Field Transit Hub, with the Cedar Bike Trail located immediately adjacent to the property. The building offers on-site management, a new fitness center, showers, and a bike room. Additionally, the property is near Target Field, award-winning restaurants, unique entertainment venues, and boutique shopping. A New Graze Food Hall is now open adjacent to the building. Darby’s Restaurant, Luna Vinca Flowers, and Alibi Salon are located on the 1st floor.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.249074
    Latitude
    44.9848852

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      MN, Minneapolis - Lagoon Ave

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      1330 Lagoon Ave 4Rth, Minneapolis, MN 55408
      View Details
    • Contact for pricing

      MN, Minneapolis - South 6th St

      Discover many ways to work your way in Downtown
      120 6Th St, Minneapolis, MN 55402
      View Details
    • Contact for pricing

      MN, Minneapolis - Washington Ave

      Workspaces, services and support to help you work better in John Hancock Center
      333 Washington Ave, Minneapolis, MN 55401
      View Details
    • Contact for pricing

      MN, Minneapolis - 7825 Washington Ave

      Discover many ways to work your way in Boise Downtown
      7825 Washington Ave, Minneapolis, MN 55439
      View Details
    • Contact for pricing

      Stand-Alone Office Building in Camden

      Two-story office building with parking in Camden neighborhood.
      800 North 42Nd Ave, Minneapolis, MN 55412
      View Details
    • Contact for pricing

      MN, Minneapolis - Spaces North Loop

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      121 Washington Ave., Minneapolis, MN 55401
      View Details
    • $25 SF/Yr
      24,129 SF

      Downtown Office Space Available

      Efficient office space with high-quality amenities and flexible terms.
      33 S 6Th St, Minneapolis, MN 55402
      View Details
    • Contact for pricing
      25,231 SF

      Versatile Space with Unique Features

      Office, retail, bar, or restaurant space with high ceilings.
      500 Washington Ave S, Minneapolis, MN 55415
      View Details
    • Contact for pricing
      3,577 SF

      Renovated Office Space Available

      Newly renovated office space with dedicated parking and included furniture.
      2118 S 4Th Ave, Minneapolis, MN 55415
      View Details
    • $16 SF/Yr
      475 SF

      Reimagined Brick and Timber Office

      Office space with rooftop terrace and communal workspace.
      101-111 3Rd Ave S, Minneapolis, MN 55401
      View Details
    • $19 SF/Yr
      7,883 SF

      Office Space with Highway Access

      Office space with convenient access to I-394 and Highway 169.
      600 Highway 169, St Louis Park, MN 55426
      View Details
    • Contact for pricing
      8,891 SF

      High Profile Retail Space

      Retail space in remodeled Shoppes at Knollwood, strong retail sales.
      8100-8440 Highway 7, St Louis Park, MN 55426
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in the heart of the North Loop.
    Where is this office units located?
    The property is located at 305-315 5Th Ave N Minneapolis, MN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime North Loop location, ideal for creative office users; - Adjacent to the New Graze Food Hall; - Convenient access to NorthStar Line, light rail, and Cedar Bike Trail
    (612) 242-8820 Call to check price and availability
    Request Owner's contact information
    305-315 5Th Ave N Minneapolis, MN 55415
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    305-315 5Th Ave N
    Minneapolis, MN 55415
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305-315 5Th Ave N Minneapolis, MN 55415
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Doyle
    Mike Doyle
    (612) 242-8820 (952) 212-0757
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!