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Historic Brick Office Building
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317-319 N 1st Ave, Minneapolis, MN 55401

Loft-style interiors combine exposed brick, original hardwood floors, and substantial sound separation between tenants.

Space Size18,215 SF
Days on Market6

Property Features for 317-319 N 1st Ave

General Information

Standard status Active
Size 18,215 SF
Net Rentable 18,215 SF
Total Parking Spaces 6
Property subtype OFFICE
Lease Type NNN

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Space Use Office

Amenities

exposed brick walls
original hardwood floors
downtown skyline views

Building Details

Year Renovated 2017
Stories 5
Building Size 18,215 SF
Construction brick
Tenancy Multi

Spaces For Lease

at 317-319 N 1st Ave
Multi Floor Office Building For Lease $12 – $18/SF/Yr
Size 18,215 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
Historic office building in Minneapolis’ vibrant North Loop/Warehouse District and adjacent lot Five story brick building with basement, exceptional sound insulation between tenants, and 10-foot unfinished ceiling heights 18,215 RSF office building with approximately 3,930 SF floor plates Site Size: 317 First Ave: 4,564 SF; 319 First Ave: 4,421 SF Parking: 6 stalls off-street at 317 First Ave Exposed brick walls and original hardwood floors—giving loft-office character Front offices overlook 1st Avenue North; rear offices feature downtown Minneapolis skyline views Fully renovated building with major refurbishment completed in 1997 and first-floor renovation completed in 2017 Convenient location between 3rd and 4th Streets, one block from I-394 and I-94 access points 1.5 blocks from the Warehouse District/Hennepin Avenue Light Rail Station, and walkable to restaurants, hotels, entertainment venues, and downtown amenities IDEAL for creative, professional, technology, and service-oriented office users
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Listing Agency: Kenwood Commercial
Listed By: Mike Doyle
Source: Moodyscre
Added: Sep 30 Changed: Oct 3 Last Checked: Oct 4 at 11:39AM

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 Kenwood Commercial

Investment Insights

Based on property information with market context.

This five-story office property includes a basement and approximately 18,215 RSF, with floor plates of about 3,930 SF. Exposed brick, original hardwood flooring, 10-foot unfinished ceilings, and sound insulation between tenant areas define the interior. Renovation work included a major refurbishment in 1997 and a first-floor update in 2017.

The property occupies sites at 317 and 319 N 1st Ave in Minneapolis’ North Loop/Warehouse District. Front offices face 1st Avenue North, while rear offices have views of the downtown skyline. Six off-street parking stalls are located at 317 N 1st Ave.

Access to I-394 and I-94 is one block away. The Warehouse District/Hennepin Avenue Light Rail Station is 1.5 blocks from the property, with restaurants, hotels, entertainment venues, and downtown amenities within walking distance.

Key Highlights

  • Five‑story office building with basement and 18,215 RSF
  • Approximately 3,930 SF floor plates and 10‑foot unfinished ceilings
  • Exposed brick, original hardwood floors, and sound insulation between tenants

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Locksmith Butcher Electrical Service (Bike/Boat/Book/etc) Store Pet Grooming Service Adult Day Care

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,088
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

$18.58 /SF/Yr
Avg Asking Price
$10–$26 /SF/Yr
Price Range
49,652 SF
Avg Space Size

This space is priced 35% below the average of $18.58 /SF/Yr.

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 - Loft-style interiors combine exposed brick, original hardwood floors, and substantial sound separation between tenants.
Where is this office building located?
The property is located at 317-319 N 1st Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Five‑story office building with basement and 18,215 RSF; Approximately 3,930 SF floor plates and 10‑foot unfinished ceilings; Exposed brick, original hardwood floors, and sound insulation between tenants
(612) 242-8820 Call to check price and availability
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