329 SF to 2,153 SF Office Space For Lease

310 E 38th St Minneapolis, MN 55409

310 E 38th St, Minneapolis, MN, 55409
Building Photo
310 E 38th St, Minneapolis, MN, 55409
FOR LEASE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Aug 19, 2024

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Description

329 SF to 2,153 SF Office Space For Lease

Highlights and Features:
• A community landmark
• Great space with fabulous amenities
• Ideal for non-profit organizations
• Collaboration opportunities with the current tenants
• The building offers a variety of suite sizes, including private offices
• 470-seat auditorium
• One gymnasium
• Ample free parking
• Outdoor playground
• Flexible lease terms
• The rooms available that are included in the tenant’s rental rate are Dance Studio, Community Room, and Conference Rooms 22, J, D and 124.
• The Auditorium, Gym and Banquet Room are available for rent for and additional fee and based on availability.

Demographics and Traffic Counts:
• Average Household Population: 1 mile - 21,884, 3 miles - 151,885 and 5 miles - 322,263
• Average Household Income: 1 mile - $57,923, 3 miles - $67,383 and 5 miles - $71,765
• 38th St East - 4,700 vpd and 35W - 161,000 vpd

Space Available: 329 sf to 2,153 sf
• Lease Rates: $21.00 psf Gross
• Lower-Level Lease Rates: $12.00 psf Gross
• 4 hours of room rental per month is included in the tenant’s rental rate


Room Rental Details:

Auditorium
• Capacity: 475
• Amenities: stage, microphones, piano, podium, projector
• Deposit: 1/3 of total
• Rates:
o Tenants: $800
o Community: $1,200 to $1,500
o Corporate: $2,000 to $4,000
• Setup included
• Reserve at least 7 days in advance

Gym
• Capacity: 250
• Amenities: tables, chairs, projector, sound system
• Deposit: 1/3 of total
• Rates:
o Tenants: $800
o Community: $1,200 to $1,500
o Corporate: $2,000 to $4,000
• Setup included
• *Option to add adjacent banquet room for an additional $250

Banquet Room
• Capacity: 100
• Amenities: refrigerator, microwave, tables, chairs, projector, sound system
• Deposit: 1/3 of total
• Rates:
o Tenants: $800
o Community: $1,200 to $1,500
o Corporate: $2,000 to $4,000
• Setup included
• *Option to add adjacent gym for an additional $250

Dance Studio
• Capacity: 20
• Amenities: mirrors, ballet barres
• Dimensions: 39’ x 23’ x 9’
• Hourly Rental Rates:
o Rehearsals & Photoshoots: $15
o Classes & Auditions: $20

Community Room
• Capacity: 25
• Amenities: 5 round tables, chairs, large-screen television
• Hourly Rental Rates: $50

Conference Rooms
• Conference Room 220 (capacity 25)
• Conference Room J (capacity 40)
• Conference Room D (capacity 25)
• Community Kitchen Room 124 (capacity 20)
• Hourly Rental Rates: $50

Spaces available to rent during the building’s open hours.
o Monday to Friday: 7am to 9pm
o Saturday: 10am to 4pm
o Additional fee for security and cleaning services if outside of those hours.


Year Built: 1922
Building Size: 104450sq ft
Building Class: B
Lot Size: 4.51 acres


Documents

Brochure SCC.pdf

Units for Lease

310 E 38th St
Space Available: 2153 SF
Lease Type: Gross

Price Per Sqft/Month: $12.00 - $19.50

Map of 310 E 38th St, Minneapolis, MN, 55409

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.