I-94 Visible Flex/Industrial
3805 N Washington Ave Minneapolis, MN
For Sale
Contact for pricing
16,408 SF flex/industrial building with I-94 visibility.
Property Size16,408 SF
Lot Size1.54 Acres
Price / SF$140.18
Days on Market403
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 Agency:
Results Real Estate
(763) 464-0774
Listed By:
Arnold Seltzer
(763) 464-0774
Source:
Moodyscre
Added: Jun 23, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:47AM
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
Investment Insights
Based on property information with market context.
This 16,408 square foot building offers a blend of flex and industrial space. The first floor comprises 14,252 square feet, while the second floor provides an additional 2,156 square feet. Constructed in 1991 and renovated in 2000 and 2024, the property is suitable for an owner-user, with no current rent obligations. It features excellent visibility on I-94 at Dowling and is located across from the new River Walk Development. Parking is available with 27 stalls, including upper-level parking. The building includes six restrooms, one of which is completely finished.
Key Highlights
- Excellent visibility on I‑94 at Dowling
- Located across from new River Walk Development
- Total Building 16,408 SF
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 |
16,408 SF · lease $15.72/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.49M
$2.18M – $2.90M
NOI $174,234 @ 7.0% cap · market cap 7.58%
Second Best
Flex RnD
$2.31M
$2.02M – $2.70M
NOI $161,789 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$3.91M
$3.43M – $4.57M
NOI $274,023 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Minnesota Nice Tots — River Terrace Apartments, 2652 Marshall St NE, Minneapolis, MN 55418
Frequently Asked Questions
What type of property is this?
Flex space - 16,408 SF flex/industrial building with I-94 visibility.
Where is this flex space located?
The property is located at 3805 N Washington Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Excellent visibility on I‑94 at Dowling; Located across from new River Walk Development; Total Building 16,408 SF
