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    305 5Th Ave Minneapolis, MN 55401

    For Lease
    $18 SF/Yr

    Minneapolis creative office, 10+ spaces available.

    Lot size:
    110,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This stunning 110,608 square foot creative office building, located at 305 N 5th Ave in Minneapolis, MN 55401, offers a unique blend of historic charm and modern amenities. The building features a striking brick and timber construction, providing a distinctive aesthetic perfect for creative businesses. Multiple tenancy options are available, ranging from a minimum of 227 square feet to a maximum contiguous space of 19,351 square feet, with a significant 68,727 square feet currently vacant. Tenants will enjoy convenient access to the NorthStar Line and light rail system at the nearby Target Field Transit Hub, as well as the Cedar Bike Trail. The building boasts an impressive array of amenities including a conference center, fitness center, showers, and a bike room. Adding to the vibrant atmosphere, Bricksworth Beer Co. is now open on the first floor. The property also offers ample parking with 256 stalls (a 2.1/1,000 ratio), exceeding the North Loop average. This prime location in the heart of the North Loop places tenants within walking distance of award-winning restaurants, unique entertainment venues, and boutique shopping, including popular establishments like Red Rabbit, Bar La Grassa, Spoon and Stable, Borough, and Graze Food Hall. Estimated 2023 taxes and common area maintenance are $13.98 per square foot. Rental rates range from $18 to $22 per square foot. On-site building management ensures seamless operations.

    Property Features for 305 5Th Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,608 SF
    Total Rate
    165912

    Unit(s) available at that property

    Space
    Suite 360
    Size
    969 SF
    Rate per SF
    $22
    Space
    Suite 410
    Size
    5,964 SF
    Rate per SF
    $22
    Space
    Suite 500
    Size
    725 SF
    Rate per SF
    $22
    Space
    Suite 460
    Size
    2,155 SF
    Rate per SF
    $22
    Space
    Suite 330
    Size
    2,960 SF
    Rate per SF
    $22
    Space
    Suite 370
    Size
    1,251 SF
    Rate per SF
    $22
    Space
    Suite 130
    Size
    380 SF
    Rate per SF
    $22
    Space
    Suite 110
    Size
    2,166 SF
    Rate per SF
    $22
    Space
    Suite 640
    Size
    1,879 SF
    Rate per SF
    $22
    Space
    Suite 570
    Size
    3,648 SF
    Rate per SF
    $22

    HighLights

    • 110,608 SF creative office building at 305 N 5th Ave, Minneapolis, MN.
    • Multiple tenant spaces available, 227 SF - 19,351 SF contiguous (68,727 SF currently vacant).
    • Prime North Loop location near Target Field Transit Hub & Cedar Bike Trail.
    • Amenities include conference center, fitness center, showers, bike room, and on‑site Bricksworth Beer Co.
    • 256 parking stalls (2.1/1,000 ratio), exceeding North Loop average.
    • Estimated 2023 taxes & CAM: $13.98/SF; Rental rates: $18-$22/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    cat[&]tonic Marketing Agency Gapen David C ... Divorce Lawyer Beacon Hill Recruiter Phaedon Marketing Agency Reemo Health Corporate Office

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store 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
    -93.2758427
    Latitude
    44.9849755

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    FAQs

    What type of property is this?
    Office space - Minneapolis creative office, 10+ spaces available.
    Where is this office space located?
    The property is located at 305 5Th Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 110,608 SF creative office building at 305 N 5th Ave, Minneapolis, MN.; Multiple tenant spaces available, 227 SF - 19,351 SF contiguous (68,727 SF currently vacant).; Prime North Loop location near Target Field Transit Hub & Cedar Bike Trail.
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    305 5Th Ave Minneapolis, MN 55401
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    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
    305 5Th Ave Minneapolis, MN 55401
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