Fifth Street Towers — Sale in Minneapolis, MN

  • Price: $43
  • Listing type: For sale
  • Asset type: Office
  • Location: Minneapolis, MN 55402
  • Year built: 1989

Photos

Fifth Street Towers — Sale in Minneapolis, MN, photo 1 of 8
Fifth Street Towers — Sale in Minneapolis, MN, photo 2 of 8
Fifth Street Towers — Sale in Minneapolis, MN, photo 3 of 8
Fifth Street Towers — Sale in Minneapolis, MN, photo 4 of 8
Fifth Street Towers — Sale in Minneapolis, MN, photo 5 of 8
Fifth Street Towers — Sale in Minneapolis, MN, photo 6 of 8
Fifth Street Towers — Sale in Minneapolis, MN, photo 7 of 8
Fifth Street Towers — Sale in Minneapolis, MN, photo 8 of 8

Description

Jones Lang LaSalle Americas, Inc. ("JLL") presents the opportunity to acquire the 100% fee simple interest in Fifth Street Towers (the “Property” or “Opportunity”), a 1,088,623 square foot, 2-building premier office property located in Minneapolis’ Central Business District. The 25-story 100 Tower was constructed in 1984 and the 36-story 150 Tower followed in 1988. These assets underwent an extensive $43 million renovation with a market-defining amenity package that creates an unmatched tenant experience with proven track record of attracting and retaining industry-leading tenants. This offering represents the opportunity to acquire architecturally-significant Class A office assets in an unparalleled location. With a light rail stop outside the front door, and lined by the Marq2 transit corridor, as well as multiple parking entries, Fifth Street Towers has the best access to transit of any office building in the CBD. At 70.9% leased with 4.7 years of remaining average lease term (“WALT”), Fifth Street Towers represents the exceptionally rare opportunity to acquire a best-in-class office asset with in-place cash flow at a significant discount to replacement cost and substantially increase NOI through lease up. All inquiries regarding this value-add office asset should be directed to JLL.

Market Context

This office in Minneapolis, MN is listed for sale at $43. The building dates to 1989. Compare it against other office listings for sale in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis office market showed a 26.4% vacancy rate, average asking rents near $29.95/SF/yr, and rents up 3.4% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Minneapolis office market tightening or softening?
Vacancy is around 26.4%, with asking rents rising year over year (Q1 2026).

Contact

Explore this market

Similar Office for Sale in Minneapolis, MN