308 Hennepin Ave E

Off-Market

308 Hennepin Ave E, Minneapolis, MN 55414

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  • Property Type Office
  • Property Size 26,164 SF
  • Lot Size 0.54 Acre
  • Year Built 1900

Contacts

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Owner

  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 08 Jul, 2020
  • Purchase Price
  • Arm's Length True

Market Trends

Average Actual Rents in Minneapolis

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Minneapolis Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $31.59
  • 2022 Office Vacancy Rate 18.67%
  • 2022 Office Completions (SF) 532,000

Minneapolis Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $109.86
  • Y-o-Y Avg. PpSF Change -33.48%
  • 2022 Office Sales Volume $90.6M
  • 2022 Number of Transactions 6
View more Minneapolis market trends

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise
  • Transit Score ®

    66/100 Good Transit
  • Bike Score ®

    96/100 Biker's Paradise
Powered by Walk Score ®
  • City Minneapolis, MN
  • Neighborhood Nicollet Island - East Bank
  • Zip Code 55414
  • Market Minneapolis St Paul

Points of Interest

  • Government Plaza

    0.92 miles

  • U.S. Bank Stadium

    0.92 miles

  • Nicollet Mall

    0.95 miles

  • Warehouse District/Hennepin Avenue

    1.02 miles

  • Target Field

    1.10 miles

  • Target Field - Platform 1

    1.11 miles

  • Target Field - Platform 2

    1.17 miles

  • West Bank

    1.20 miles

  • Cedar-Riverside

    1.37 miles

  • Royalston

    1.42 miles

  • Holiday

    0.26 miles

  • Speedway

    0.81 miles

  • Bobby and Steve's Auto World

    0.99 miles

  • ChargePoint

    1.10 miles

  • Holiday

    1.23 miles

  • Nelson Auto World

    1.32 miles

  • EZ Stop

    1.35 miles

  • Greenlots

    1.58 miles

  • Speedway

    1.64 miles

  • Holiday

    1.64 miles

  • St. Anthony Falls Ramp

    0.18 miles

  • Mill Ruins Parking

    0.62 miles

  • Hennepin Avenue Parking Ramp

    0.67 miles

  • Mill Quarter Parking Ramp

    0.71 miles

  • Riverfront Municipal Parking Ramp

    0.72 miles

  • Gateway Municipal Garage

    0.73 miles

  • Jerry Haaf Memorial Garage

    0.81 miles

  • C-44

    0.85 miles

  • C-97

    0.86 miles

  • Mills Fleet Farm Parking Garage

    0.86 miles

  • Nicollet Island Inn

    0.28 miles

  • Residence Inn at the Depot

    0.63 miles

  • The Depot Renaissance Minneapolis Hotel

    0.64 miles

  • University Inn

    0.77 miles

  • Aloft Minneapolis

    0.79 miles

  • Canopy by Hilton Minneapolis Mill District

    0.79 miles

  • Radisson RED Minneapolis Downtown

    0.81 miles

  • The Hotel Minneapolis

    0.87 miles

  • Wales House

    0.91 miles

  • Towne Place Suites Minneapolis Downtown

    0.92 miles

  • Noodles & Company

    0.02 miles

  • Masu Sushi & Robata

    0.04 miles

  • Bruegger's Bagels

    0.04 miles

  • Bardo

    0.05 miles

  • Jimmy John's

    0.06 miles

  • Chipotle

    0.06 miles

  • Punch Pizza

    0.07 miles

  • Red Savoy Pizza

    0.08 miles

  • Kramarczuk Deli

    0.08 miles

  • Pinku

    0.08 miles

  • Marcy Open School

    0.27 miles

  • DeLaSalle High School

    0.35 miles

  • Sheridan Global Arts & Communications School

    0.85 miles

  • Miniapple International Montessori Schools

    0.94 miles

  • Church Holy Trinity - St. Anskar

    1.00 miles

  • North Central University

    1.34 miles

  • Wellstone International High School

    1.36 miles

  • University of St. Thomas

    1.44 miles

  • Thomas Edison High School

    1.46 miles

  • University of Minnesota School of Dentistry

    1.58 miles

  • Child Garden Montessori

    1.78 miles

  • Summit Early Learning Center

    1.88 miles

  • Como Early Learning Center

    2.00 miles

  • KinderCare

    2.05 miles

  • Central Care for Children

    2.10 miles

  • Lucky Stars Child Care Services

    2.56 miles

  • New Horizon Academy

    2.81 miles

  • St. Anthony Park

    3.10 miles

  • Grandma's House Children's Center

    3.30 miles

  • KidsPark Hourly Child Care

    3.46 miles

Frequently Asked Questions

What is the total square footage of 308 Hennepin Ave E?

308 Hennepin Ave E totals 33,052 square feet.

When was this property built?

308 Hennepin Ave E was built in 1900.

When was 308 Hennepin Ave E last sold?

308 Hennepin Ave E was last sold on 08 Jul, 2020.

What is the property tax for 308 Hennepin Ave E?

The property tax for 308 Hennepin Ave E in 2022-2023 was $168,179.

What is the market value for 308 Hennepin Ave E?

The market value* for 308 Hennepin Ave E in 2022-2023 was $5,370,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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