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    728 N 3Rd St, Unit 207 Minneapolis, MN 55401

    For Sale
    $365,000

    Corner unit in North Loop's only short-term rental building.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Loop Corner Unit

    This corner unit is located in a concrete building constructed in 2019. The property is situated in the North Loop neighborhood and benefits from an abundance of natural light. The building offers short-term rental options and features high ceilings and concrete walls. A management company is available to handle rentals. The building includes a rooftop amenity. The property is located near restaurants, shops, and bars.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SemaConnect Charging Station Electric Vehicle Charging Station Sable Short Term Apartment Rental Agency 728 N 3rd ... Parking Lot Blink Charging Station Electric Vehicle Charging Station

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2785311
    Latitude
    44.9875676

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    FAQs

    What type of property is this?
    Short term rental property - Corner unit in North Loop's only short-term rental building.
    Where is this short term rental property located?
    The property is located at 728 N 3Rd St, Unit 207 Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: - Prime Location in North Loop: Close to restaurants, shops, and bars.; - Short-Term Rental Approved: A unique opportunity for income generation.; - On-Site Management: Benefit from hassle-free rental management with the built-in Minnestay management company.
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    728 N 3Rd St, Unit 207 Minneapolis, MN 55401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    728 N 3Rd St, Unit 207 Minneapolis, MN 55401
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