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

Exposed brick, hardwood flooring, and substantial sound separation define the office interiors.

Property Size18,215 SF
Lot Size0.21 Acres
Price / SF$107.05
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
Lot size 0.21 Acres
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Building Details

Year Renovated 2017
Buildings 1
Stories 5
Building Size 18,215 SF
Construction brick
Tenancy Multi
Listing Agency: Kenwood Commercial
Listed By: Mike Doyle
Source: Moodyscre
Added: Sep 30 Changed: Oct 3 Last Checked: Oct 4 at 11:28AM

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 brick office property includes a basement and totals 18,215 RSF, with floor plates of approximately 3,930 SF. Interior details include exposed brick, original hardwood flooring, and sound insulation between tenant areas. Unfinished ceilings reach 10 feet. The property underwent a major refurbishment in 1997, followed by a first-floor renovation in 2017. Office windows face 1st Avenue North at the front and the Minneapolis skyline at the rear.

The property comprises sites at 317 and 319 First Avenue, measuring 4,564 SF and 4,421 SF, respectively. Six off-street parking stalls are located at 317 First Avenue. The building sits between 3rd and 4th Streets, one block from access points for I-394 and I-94. The Warehouse District/Hennepin Avenue Light Rail Station is 1.5 blocks away, with restaurants, hotels, entertainment venues, and downtown amenities within walking distance.

Key Highlights

  • 18,215 RSF across five stories, with approximately 3,930 SF floor plates
  • Two site areas: 4,564 SF at 317 First Ave and 4,421 SF at 319 First Ave
  • Six off‑street parking stalls at 317 First Ave

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
Yes
Paved road access

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

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 - Exposed brick, hardwood flooring, and substantial sound separation define the office interiors.
Where is this office building located?
The property is located at 317-319 N 1st Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 18,215 RSF across five stories, with approximately 3,930 SF floor plates; Two site areas: 4,564 SF at 317 First Ave and 4,421 SF at 319 First Ave; Six off‑street parking stalls at 317 First Ave
(612) 242-8820 Call to check price and availability
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