Minneapolis, MN Commercial Real Estate for Lease and Sale

Explore 374 listings of Minneapolis commercial real estate to find the best space for your business.

3553 Hennepin Ave. S.

3553 Hennepin Ave. S., CARAG, Minneapolis, MN
Property

Retail

1,347 SF
For Sale

$740,000
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2626 2nd Street NE

2626 2nd Street NE, Marshall Terrace, Minneapolis, MN
Property

Industrial

31,000 SF
Year Built

1988
For Sale Contact for pricing
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Quick Service Restaurant Space Available in Dinkytown

404 14th Ave SE, Dinkytown, Minneapolis, MN
Property

Retail
Availability

1 Space

1,365 SF
For Lease Contact for pricing
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SoHo Building

718 Washington Ave N, North Loop, Minneapolis, MN
Property

Office

101,000 SF
For Sale Contact for pricing
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Harmon Court

1128 Harmon Place, Downtown Minneapolis, Minneapolis, MN
Property

Office

31,989 SF
Year Built

1915
For Sale Contact for pricing
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The Edition

600-640 S 4th St, Downtown Minneapolis, Minneapolis, MN
Property

Retail
Availability

1 Space

5,096 SF
Year Built

2014
For Lease Contact for pricing
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ADM Milling

3501 Hiawatha Ave, Howe, Minneapolis, MN
Property

Industrial

74,536 SF
Year Built

1914
For Sale Contact for pricing
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Ritz Opportunity

315 Nicollet Mall, Downtown Minneapolis, Minneapolis, MN
Property

Office

700,000 SF
Availability

1 Space

700,000 SF
For Lease Contact for pricing
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1040 6th Street South

1040 6th Street South, Dinkytown, Minneapolis, MN
Property

Office

2,012 SF
Availability

1 Space

2,012 SF
For Lease

$20.00/SF/YR
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117 N Washington Ave

117 N Washington Ave, Downtown Minneapolis, Minneapolis, MN
Property

Office

12,320 SF
Availability

1 Space

1,412 SF
For Lease

$10.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Minneapolis commercial real estate market incorporates 28,234,996 square feet of office space across 176 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Minneapolis, the coworking segment of the commercial real estate market incorporates about 2,404 square feet.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Minneapolis commercial real estate market includes 4,748,277 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Minneapolis market, there is a total of 2,380,504 square feet of industrial property.
The listing inventory in Minneapolis incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Minneapolis is represented by Office space, which accounts for 7,364,278 square feet of available listings. Retail space available in Minneapolis adds up to 802,914 square feet.

Meanwhile, most of the listings of commercial property for sale in Minneapolis are in the Office category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Minneapolis is $17.24 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Minneapolis can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $30.07 per square foot, industrial space in Minneapolis saw average rents of $12.31 per square foot.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Minneapolis, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Minneapolis is in the Downtown Minneapolis neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Minneapolis area.

Meanwhile, retail space opportunities are most abundant in the Downtown Minneapolis submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Northeast Park.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $35 per square foot. In particular, the property type commanding the highest lease rates in Minneapolis was Retail space.

Conversely, the highest sale price last year was $85,000,000 that is located at 90 South 7th Street.
The average size of a commercial property in Minneapolis depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Minneapolis, the average size of an office property is 185,757 square feet.
- Retail properties here incorporate an average of 56,528 square feet.
- Industrial space in Minneapolis is in buildings that are, on average 91,558 square feet in size.

Minneapolis, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Minneapolis currently add up to 9,558,498 square feet. The market offers 159 active office listing(s), which amount to 7,375,499 square feet and account for 54% of commercial spaces on the market. Local retail availability includes 812,518 square feet across 109 retail space(s). Industrial space for rent opportunities in Minneapolis amount to 754,398 square feet across a total of 17 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	159	7,375,499
Retail	109	812,518
Industrial	17	754,398
Other	9	616,083

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Minneapolis, MN. Currently, there is 1,461,557 square feet of commercial property for sale here , which includes 18 office building(s) for sale , 18 retail investment opportunity listing(s) , and 14 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	18	557,980
Retail	18	207,470
Industrial	14	495,642
Other	25	200,465

Minneapolis, MN Commercial Real Estate Market Overview

The commercial real estate market in Minneapolis is driven by the city’s diverse economy, which includes finance, commerce, industry and manufacturing, technology and healthcare. In addition to being one of the major economic centers in the Midwest, Minneapolis also benefits from excellent logistical opportunities. Specifically, barges and towboats can reach the city on the Mississippi River, and the Minneapolis-Saint Paul International Airport is within 10 miles of the city’s downtown.

Most of Minneapolis’ portfolio-tier commercial real estate is concentrated in the central business district, which also hosts the corporate headquarters of Fortune 500 companies like Target and U.S. Bancorp. Plus, North Loop is an up-and-coming market for commercial real estate thanks to extensive redevelopment efforts that diversified the neighborhood’s traditional industrial inventory.

Minneapolis Commercial Real Estate Overview

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Minneapolis, MN Commercial Real Estate for Lease and Sale

3553 Hennepin Ave. S.

2626 2nd Street NE

Quick Service Restaurant Space Available in Dinkytown

SoHo Building

Harmon Court

The Edition

ADM Milling

Ritz Opportunity

1040 6th Street South

117 N Washington Ave

Frequently Asked Questions

Minneapolis, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Minneapolis, MN Commercial Real Estate Market Overview

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