Colwell Building

123 North 3rd Street, Minneapolis, MN 55403

Property Information

  • For Lease $16.00 - $22.00/SF/YR
  • Property Type Office - General Office
  • Property Size 149,575 SF
  • Lot Size 0.49 Acre
  • Parking Spaces Avail. 25
  • Parking Ratio 0.17 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1909
  • Date Updated Oct 16, 2026

Description

The Colwell Building is a 149,575-square-foot Class A office property situated on a 0.49-acre lot in Downtown Minneapolis. Built in 1909, this historic building features 25 parking spaces with a parking ratio of 0.17. Its prime location and size make it a compelling option for businesses seeking a central office environment with access to urban amenities. The property blends timeless architecture with professional functionality, supporting a range of office uses.

Surrounded by the vibrant Downtown Minneapolis area, the Colwell Building offers proximity to a wealth of conveniences. Dining options such as 112 Eatery, Pizza Luc?, and Red Rabbit are all within 0.1 miles, while coffee shops and casual eateries are just steps away. For commuters, the Warehouse District/Hennepin Avenue station is approximately 0.2 miles away, and several parking ramps are within walking distance. Nearby hotels, including the Four Seasons Hotel and Embassy Suites by Hilton, provide accommodations for visiting clients or staff. The neighborhood combines professional resources with diverse retail and dining options, creating a dynamic setting for businesses.

15 Spaces Available

#101

Space Type

Creative Office

Lease Rate

$22.00/SF/YR

Total Space

2,146 SF

Additional Rent

$11.93/SF/YR

Floor

1

Divisible Space

2,146 - 2,146 SF

Available Date

Nov 1, 2026

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

First level professional suite blending modern functional design with historic warehouse character

Open workspace for ~12 people

2 private offices

Conference room and huddle room

Lounge and reception area

Hardwood floors & exposed brick

Street level corner space with windows facing N 3rd St 

#202

Space Type

Creative Office

Lease Rate

Contact for pricing

Total Space

2,420 SF

Additional Rent

$11.93/SF/YR

Floor

2

Divisible Space

2,420 - 2,420 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

No

Professional corner suite perfect for growing firms located in the Colwell Building in the Warehouse District

Mostly open floorplan for variety of users

Carpeted flooring

Historic exposed brick and beams

Close proximity to elevator and common floor restrooms

Corner unit with plentiful natural light

#205

Space Type

Creative Office

Lease Rate

Contact for pricing

Total Space

8,120 SF

Additional Rent

$11.93/SF/YR

Floor

2

Divisible Space

8,120 - 8,120 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Build Type

Shell

Turnkey

No

Customizable office suite in the Colwell Building in the Warehouse District

Shell condition for flexible customization

Historic exposed brick and beams

Corner unit with two walls of windows and natural light

Close proximity to common floor restrooms

Sample fitplan provided for visualization

#210

Space Type

Creative Office

Lease Rate

Contact for pricing

Total Space

4,241 SF

Additional Rent

$11.93/SF/YR

Floor

2

Divisible Space

4,241 - 4,241 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Build Type

Shell

Turnkey

No

Customizable office suite in the Colwell Building in the Warehouse District

Shell condition for flexible customization

Carpeted flooring

Historic exposed brick and beams

Close proximity to elevator

Plentiful natural light with wall of west facing windows

#300

Space Type

Creative Office

Lease Rate

$20.00/SF/YR

Total Space

21,039 SF

Additional Rent

$11.93/SF/YR

Floor

3

Divisible Space

21,039 - 21,039 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Build Type

Full build out

Turnkey

Yes

Beautifully built out full floor office spec suite with functional layout in the Warehouse District's Colwell Building

Functional layout with open workspace, private offices, huddle rooms, and lounges

Large spacious kitchen for hosting

20 person conference room

Modern furniture and fixtures

Exposed brick

Natural light and views of downtown

Contacts

Location

Located at 123 North 3rd Street, Minneapolis, MN 55403, this property is part of the Downtown Minneapolis neighborhood and Minneapolis St Paul market.

Contact Colwell Building
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