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    312 Central Avenue Minneapolis, MN 55414

    Sponsored
    For Lease
    Contact for pricing

    Prime Office & Retail, Multiple Spaces Available

    Lot size:
    80,064 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The United Labor Centre, a five-story, Class C building at 312 Central Ave SE, Minneapolis, MN 55414, offers 80,064 square feet of versatile office and retail space. Built in 1974, this multi-tenant property boasts nine available units ranging from 173 to 2,990 square feet, ideal for businesses of various sizes. A significant 2,300 square foot retail/restaurant space is available on the ground floor, along with smaller office spaces on the upper floors. A large conference room is available for tenant use. The building benefits from a convenient location, offering easy access to I-35W via SE 4th Street and University Avenue SE. Its proximity to Central Avenue SE and the Minneapolis Riverfront provides employees and patrons with a vibrant urban environment, featuring numerous dining, entertainment, and shopping options including Lunds Market, Caribou Coffee, Chipotle, Aster Cafe, Jefe Urban Cocina, Restaurant Alma, Surdyk's, Kramarczuk's, and the Nicollet Island Inn. The area also offers multiple walking and biking paths along the river. Ample parking is provided in a dedicated surface lot, with a parking ratio of 1.35 spaces per 1,000 square feet. Annual property taxes are $13.53 per square foot.

    Property Features for 312 Central Avenue

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    80,064 SF
    Class
    C

    Building Details

    Year Built
    1974
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 101
    Size
    2,323 SF
    Space
    Suite 334
    Size
    719 SF
    Space
    Suite 571
    Size
    230 SF
    Space
    Suite 359
    Size
    173 SF
    Space
    Suite 392
    Size
    2,990 SF
    Space
    Suite 512
    Size
    787 SF
    Space
    Suite B100
    Size
    2,073 SF
    Space
    Suite 588
    Size
    230 SF
    Space
    Suite BSTR3
    Size
    750 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2545273
    Latitude
    44.9871933

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office & Retail, Multiple Spaces Available
    Where is this office property / space located?
    The property is located at 312 Central Avenue Minneapolis, MN.
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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
    312 Central Avenue Minneapolis, MN 55414
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