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400-408 3rd St 250 SF of Office Space Available in Farmington, MN 55024
Highlights
- Walkable setting surrounded by restaurants, shops, and civic services
- Designated parking lot
- Convenient access to Highway 3 and regional commuter routes
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 107 | 250 SF | Negotiable | $26.28 CAD/SF/YR $2.19 CAD/SF/MO $6,570 CAD/YR $547.52 CAD/MO | Full Service |
1st Floor, Ste 107
Single office for lease
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Fits 1 - 2 People
- 1 Private Office
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 400-408 3rd St, Farmington, MN 55024
- Tenant
- Description
- US Locations
- Reach
- American Family Insurance
- Insurance
- 4,296
- National
- Ammara Hair And Nail Studio
- -
- 1
- -
- Chill Ice Cream
- Restaurant
- 1
- -
- Farmers Insurance
- Insurance
- 19,798
- National
- House Of Hair
- Services
- 1
- -
- Smith Aesthetics
- -
- 1
- -
| Tenant | Description | US Locations | Reach |
| American Family Insurance | Insurance | 4,296 | National |
| Ammara Hair And Nail Studio | - | 1 | - |
| Chill Ice Cream | Restaurant | 1 | - |
| Farmers Insurance | Insurance | 19,798 | National |
| House Of Hair | Services | 1 | - |
| Smith Aesthetics | - | 1 | - |
Property Facts
| Total Space Available | 250 SF | Gross Leasable Area | 10,176 SF |
| Property Type | Retail | Year Built | 1977 |
| Property Subtype | Storefront |
| Total Space Available | 250 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,176 SF |
| Year Built | 1977 |
About the Property
Located near the intersection of 3rd Street and Spruce Street, the property benefits from steady neighborhood activity, strong visibility, and a pedestrian-friendly streetscape that supports a range of retail and service-oriented uses. The building’s downtown setting places it within steps of restaurants, civic offices, boutique shops, and daily-needs retailers that draw consistent local traffic throughout the week.
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
Otten & Associates
400-408 3rd St
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