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Contemporary Office Building
For Lease
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323 N Washington Ave, Minneapolis, MN 55401

For lease office building in Minneapolis’ North Loop, designed around space efficiency through densification.

Property Size27,412 SF
Days on Market57

Property Features for 323 N Washington Ave

General Information

Standard status Active
Size 27,412 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: JLL
Listed By: Brent Robertson · License #20454404
Source: Moodyscre
Added: Jun 5 Changed: Jul 28 Last Checked: Jul 30 at 12:45PM

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 JLL

Investment Insights

Based on property information with market context.

T3 is an office building located in Minneapolis’ North Loop neighborhood. The property is described as being built to support a modern work environment, with an emphasis on space efficiency and cost savings through densification.

The offering is for lease. The building address is 323 N Washington Ave, Minneapolis, MN 55401.

The provided information focuses on the building’s design approach toward densification and overall space efficiency; no additional interior layouts, amenities, or availability details are included in the data.

Key Highlights

  • Office building for lease in Minneapolis’ North Loop
  • T3 designed around space efficiency through densification

Property Analytics

Current Use

Vemos (Bike/Boat/Book/etc) Store Elastic (makers of Elasticsearch, ... (Bike/Boat/Book/etc) Store Fabric (Bike/Boat/Book/etc) Store Minnesota Guild Training Center Haller Kwan LLP Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Butcher Pet Grooming Service Electrical Service Veterinary Clinic

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
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,211
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

$17 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
76,115 SF
Avg Space Size

This space is priced 71% above the average of $17 /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 - For lease office building in Minneapolis’ North Loop, designed around space efficiency through densification.
Where is this office building located?
The property is located at 323 N Washington Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: Office building for lease in Minneapolis’ North Loop; T3 designed around space efficiency through densification
(612) 968-5441 Call to check price and availability
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