3805 N Washington Ave, Minneapolis, MN
16,408 SF flex/industrial building with I-94 visibility.
- Added:
- Jun 23, 2025
- Days on Market:
- 355
- Last Refresh:
- May 19 at 9:18 pm
Property Features for 3805 N Washington Ave
General Information
- Standard status
- Active
- Size
- 16,408 SF
- Lot size
- 1.54 Acres
- Property subtype
- OFFICE
Listing agent Arnold Seltzer (763) 464-0774
Listing office Results Real Estate (763) 464-0774
Listing date Jun 23, 2025
Source Moodyscre
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 Results Real Estate
HighLights
- Excellent visibility on I‑94 at Dowling
- Located across from new River Walk Development
- Total Building 16,408 SF
- Renovated: 2000 and 2024
- No Rent - Owner User
- Parking: 27 stalls and upper level parking
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.9k | $15.72 |
| − Vacancy | −$9.0k | −$0.55 |
| EGI | $248.9k | $15.17 |
| − OpEx | −$74.7k | −$4.55 |
| NOI | $174.2k | $10.62 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Minnesota Nice Tots — River Terrace Apartments, 2652 Marshall St NE, Minneapolis, MN 55418
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2836
- Latitude
- 45.0245
