312 South 3rd Street

For Sale$6,750,000/Sqft

312 South 3rd Street, Minneapolis, MN 55415

  • Office

312 South 3rd Street, Minneapolis, MN 55415 - Office Space

312 South 3rd Street is located at 312 South 3rd Street in the Downtown Minneapolis neighborhood, MN, Minneapolis, 55415. The Class B Office building was completed in 1906 and features a total of 71,610 Sqft.

There are 690 office spaces for lease in the Downtown Minneapolis neighborhood, totaling 6,034,137 Sqft of available office space. The office space availability for the 55415 zip code is 239,620 Sqft, in 29 office spaces. The average asking office rent per sq. ft. in Downtown Minneapolis is $17.9/sqft/year. For Class A+ office buildings the average office rate is $21.79/sqft/year, for Class A office buildings the average office rate is $18.4/sqft/year, for Class B office buildings the average office rate is $16.16/sqft/year, for Class C office buildings the average office rate is $18.88/sqft/year.

In Downtown Minneapolis, there are 62 class B office buildings. In Downtown Minneapolis, there are a total of 24 LEED certified office buildings. In 1906, the same year 312 South 3rd Street was built, 7 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Minneapolis, featuring 71,610 square feet of commercial space. At zip code level, there are 19 commercial properties, of which 17 are office buildings over 50,000 square feet.

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Details

  • Price $6,750,000/Sqft
  • City Minneapolis
  • Neighborhood Downtown Minneapolis
  • Zip Code 55415
  • Property Type Office
  • Property Size 71,610 Sqft
  • Lot Size 0.24 Acre
  • Building Class B
  • Year Built 1906
  • Date Updated 13 Nov, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 312 South 3rd Street?

312 South 3rd Street totals 71,610 square feet.

When was this property built?

312 South 3rd Street was built in 1906.

Downtown Minneapolis Demographics

The average household income in zip code 55415 is $159,504, from a total of 1,978 households. In terms of employment, there are 94.47 % white-collar and 5.53 % blue-collar jobs in zip code 55415.

Population

  • Total Population15,510
  • Male Population(54.6 %) 8,467
  • Female Population(45.4 %) 7,042
  • Median Age31.90

Income/Financial

  • Average Household Income$106,055
  • Median Household Income$53,580
  • Median Income Under 25$23,156
  • Median Income 25-44$61,069
  • Median Income 45-64$35,117
  • Median Income Over 65$45,333

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