Industrial

3401 NE Spring Street

3401 ne spring street, minneapolis, MN 55413

Price

$4,356,000

Price/Sq Ft

$6.50

Description

Property Features + Stand-alone opportunity in the heart of the Mid-City Industrial Park + Central metro location offering outstanding freeway access to I-35W, Hwy. 280, Hwy. 36 and I-94 + Lease Rates: $6.50 PSF Warehouse $12.00 PSF Office + Sale Price: $4,356,000 or $125 PSF + 2025 Real Estate Tax: $95,650.95 ($2.75 PSF) + Immediate Availability

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

3401 ne spring street, minneapolis, MN 55413

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeLeaseHold

Market Context

This industrial in Minneapolis, MN is listed for sale at $4,356,000. It has been on the market for 147 days.

As of Q1 2026, the Minneapolis industrial market showed a 4.0% vacancy rate, and average asking rents near $8.00/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$8.00/SF/yr

Estimated sale value

$96–$118/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.8%, asking rent held flat).

View the full Minneapolis Industrial market report →

Tight vacancy keeps competition for quality space elevated.

Compare it against other industrial listings for sale in Minneapolis, MN to benchmark pricing and space — view the full market.

Industrial market FAQ

Is the Minneapolis industrial market tightening or softening?: Vacancy is around 4.0% (Q1 2026).

Unified Estimate

Medium Confidence

$9.38/SF-$12.68/SF

Mid: $11.03/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

2023 – 2026 · county sold comps + market trendsFIPS 27053

High Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.