Minneapolis · Commercial sale

Agate on 3rd buys 312 3rd St S in Minneapolis for $1.88 million

An apartment building at 312 3rd St S, Minneapolis sold for $1,875,000 on October 22, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published November 3, 2026

Sold October 22, 2026 · Hennepin County, Minnesota

Aerial view of 312 3rd St S, Minneapolis with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: Hennepin County Assessor. The photo can predate the sale.

Sale price: $1,875,000
Sold: October 22, 2026
Property type: Apartment building
Lot size: 10,454 sq ft
Year built: 1906

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgOctober 22, 2026

Seller's estimated net sheet

312 3rd St S, Minneapolis

Sale price	$1,875,000
Prorations
Property tax proration (refund to seller)	$3,955.48
Title and settlement
Owner's title insurance policy	$4,256.25
Settlement / closing fee	$400
Transfer taxes and recording
State deed tax + Environmental Response Fund (Hennepin/Ramsey)	$6,375
Other costs
Wire / courier / payoff processing	$45
Total deductions	$11,076.25
Estimated net to seller	$1,867,879.23

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NetSheet.orgOctober 22, 2026

Buyer's estimated net sheet

312 3rd St S, Minneapolis

Purchase price (cash)	$1,875,000
Title and settlement
Settlement / closing fee	$400
Transfer taxes and recording
Deed recording fee	$46
Prorations
Reimburse seller for prepaid taxes	$3,955.48
Closing costs and prepaids	$4,401.48
Estimated cash to close	$1,879,401.48

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.10% of price ($20,625).
Title and settlement fees are typical estimates, not quotes.

Selling in Minneapolis?

An apartment building at 312 3rd St S in Minneapolis sold for $1,875,000. The sale closed on October 22, 2026, according to a Certificate of Real Estate Value. Assessor's records show a market value of $2,430,000, making the sale price 23% below that. The last sale, in 2023, was $2,700,000.

The building dates to 1906. The lot is 10,454 square feet. Assessor's records provide these details.

RO-Lark, LLC sold the property to Agate on 3rd L.L.C. The Certificate of Real Estate Value recorded the transaction.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Hennepin County?

By our estimate, the seller's two largest charges, not counting prorations, were $6,375 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $4,256.25 for the owner's title insurance policy. Who pays what follows Hennepin County custom.

How much did the seller net?

By our estimate, the seller netted about $1,867,879. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $1,879,401 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

312 3rd St S, Minneapolis, MN.

Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1934352. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.