Property profile

312 3rd St Minneapolis, MN 55415

OFF-MARKET
Other commercial real estate
Saved see the list in your Dashboard
Property ID
US46-0638848
60,780 SF 0.24 ac Built 1906
Last sale Jan 2023·$2,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a historic special-purpose building located at or near the gateway to a central business district, positioned close to Downtown East. It is described as being within walking distance of residences, an urban park, and parking facilities, and it is also noted as being near the Minnesota Vikings Stadium. The surrounding area provides access to the Federal Courthouse, light rail transit, and skyway connectivity, and the property is situated approximately half a block from Washington Avenue, identified as a downtown northern thoroughfare.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$87k
Tax billed · 2023
Assessed value$2.70M
Assessed land$1.33M
Assessed improvement$1.37M
Effective rate3.22%

Value estimate

· Nov 2026
$2.29M
$2.06M – $2.52M
AI approach$2.15M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$2,693/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$47 – $6,510
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B4-1
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply23.5
Auto Parts Store22.7
Electrical Service18.3

Location

312 3rd St Minneapolis, MN 55415-1028
County assessor Recorded deeds · 6 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
714 Park, Minneapolis, MN 55415 $350,000 Feb 2026 10,332 SF
431 7th Stb, Minneapolis, MN 55415-1825 $850,000 May 2025 25,690 SF
700 10th S, Minneapolis, MN 55415-1745 $2,100,000 Sep 2024 45,102 SF
619 3rd, Minneapolis, MN 55415 $3,630,285 May 2024 83,329 SF
1103 Riv, Minneapolis, MN 55415 $3,508,290 May 2022 82,195 SF
600 5th S, Minneapolis, MN 55415-1608 $11,458,000 Jul 2020 359,549 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 312 3rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?