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Downtown East

Downtown East

Suburban Neighborhood in Minneapolis, Minnesota

Hennepin County 55401, 55415, 55454

$743,624 Average Value
$484 Average Price per Sq Ft
33 Homes For Sale
Not long ago, Downtown East was a bustling business district five days a week that went dark after the workday and, except for occasional events at the old Metrodome stadium, stayed hushed through the weekend. Today, former industrial buildings left over from when Minneapolis was the world's flour milling capital have been revitalized in the neighborhood's Mill District, with many converted to high-end condominiums to meet residential demand. "This is a very attractive area for so many different reasons," says Realtor Richard Newman with DRG Minneapolis Urban Homes. "It's riverfront with a lot of transportation options, upscale buildings and a quieter atmosphere than one would expect."
An evening view of Downtown East with Eleven on the River in the foreground.
An evening view of Downtown East with Eleven on the River in the foreground.
The Mill City Museum is built in the ruins of the historic Washburn A Mill.
The Mill City Museum is built in the ruins of the historic Washburn A Mill.
The spiral walkway at Gold Medal Park is a must-walk feature of Downtown East.
The spiral walkway at Gold Medal Park is a must-walk feature of Downtown East.
The patio at Kindee is a great spot for Thai food near the Guthrie Theatre in Downtown East.
The patio at Kindee is a great spot for Thai food near the Guthrie Theatre in Downtown East.
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Industrial lofts and new condos

Like most of the hot neighborhoods in the city, Downtown East is a mix of renters and owners, with about 52% of its approximately 2,000 residents owning their residences. With a median 12-month sale price of nearly $650,000 in September 2023 and prices that can reach as high as $2 million, this area is not a budget-friendly option for first-time buyers. "Because of the cost of entry, the area skews somewhat older," Newman says. The real estate market is competitive, but the high housing cost means properties stay on the market about 30 days longer than the national average. Although some of the Mill District has been redeveloped, homes in Downtown East are predominately new--the average year built was 2016.
Condos near the Mill City Ruins in Downtown East have a classic look with modern additions.
Condos near the Mill City Ruins in Downtown East have a classic look with modern additions.
The Bridgewater Lofts in the Downtown East Neighborhood.
The Bridgewater Lofts in the Downtown East Neighborhood.
The Whitney Landmark Residences originally housed the Standard Mill, which was built in 1879.
The Whitney Landmark Residences originally housed the Standard Mill, which was built in 1879.
Stonebridge Lofts are one of many condominium communities in Downtown East.
Stonebridge Lofts are one of many condominium communities in Downtown East.
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Football and farmers markets

The neighborhood is anchored by U.S. Bank Stadium, which opened in 2016 and is home to the Minnesota Vikings. The stadium is an access point to the Minneapolis Skyway System, the world's most extensive contiguous system of enclosed, second-level bridges. This pathway connects Downtown East to 9.5 miles of walkways connecting 80 city blocks. The Mill City Museum is a standout piece of architecture, with interactive exhibits exploring the history of the flour industry in the ruins of an old mill. Home to Shakespeare and hot new playwrights, the Guthrie Theater is a sacred space in Downtown East. At intermission, thoughtful theatergoers gaze at the mighty Mississippi from The Endless Bridge. Open Book is another popular space in this artsy district.
U.S. Bank Stadium is home of the Minnesota Vikings and the best concert venue in Downtown East.
U.S. Bank Stadium is home of the Minnesota Vikings and the best concert venue in Downtown East.
Various condominium units facing Gold Medal Park in Downtown East.
Various condominium units facing Gold Medal Park in Downtown East.
The freshest produce in Downtown East can be found at the Mill City Farmer's Market.
The freshest produce in Downtown East can be found at the Mill City Farmer's Market.
The Mill City Farmer's Market is held every Saturday in Downtown East.
The Mill City Farmer's Market is held every Saturday in Downtown East.
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Middling public schools

There are no public schools downtown, but kids can cross the River to attend kindergarten through 8th grade at Marcy Open Elementary School, which received a C-plus on Niche. Northeast Middle School, just north in Audubon Park, received a C-plus on Niche and is partnering with the neighborhood association to develop a 30x40-foot garden at the Northeast Market Garden. FAIR High School for the Arts is the closest to Downtown East. FAIR received a C-plus on Niche and is a prestigious International Baccalaureate Program member. Students may also attend Thomas Edison High School, which opened in 1922 and offers beginner to college-level courses in Spanish, French and Ojibwe, a language spoken by the most populous Native American tribe in North America.
Marcy encourages diverse learning methods, nurturing students' individuality and growth.
Marcy encourages diverse learning methods, nurturing students' individuality and growth.
Welcome to Northeast Middle School.
Welcome to Northeast Middle School.
Thomas Edison High School serves students in grades 9-12.
Thomas Edison High School serves students in grades 9-12.
FAIR School for Arts rests in downtown Minneapolis, Minnesota.
FAIR School for Arts rests in downtown Minneapolis, Minnesota.
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On the shores of the Mighty Mississippi

Many downtowns are a sea of concrete, but the Mill District's border with the Mississippi River provides natural green space. Adjacent to the stadium, The Commons is a 4-acre, dog-friendly green space for cultural and sports events. It's also family-friendly, with play equipment, a splash pad and benches for warm days. Mill Ruins Park is built around a historic old mill and features interpretive signs and dedicated paths for hiking and biking. The park looks out over the historic Stone Arch Bridge, which is for pedestrians only. Pieces from the Walker Sculpture Garden dot 7 acre-Gold Medal Park. The park's spiral walkways lead to a 32-foot mound that provides picturesque views of the art and the River.
The mighty Mississippi River rests on the north shore of Downtown East.
The mighty Mississippi River rests on the north shore of Downtown East.
U.S. Bank, the Guthrie Theatre, and Gold Medal Park bring life to Downtown East of Minneapolis.
U.S. Bank, the Guthrie Theatre, and Gold Medal Park bring life to Downtown East of Minneapolis.
Someone on an afternoon run in Mill Ruins Park.
Someone on an afternoon run in Mill Ruins Park.
A family bikes across the Stone Arch Bridge near Downtown East.
A family bikes across the Stone Arch Bridge near Downtown East.
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A James Beard Award-winner and more

Buzzing with activity and commerce, Downtown East is teeming with shopping and dining destinations. The indigenous cooking at Owamni by The Sioux Chef won a James Beard Award in 2022, and you'll find every cuisine around here, from swank hotels in former grain depots to craft breweries. Housed in an industrial space, Day Block Brewing Company serves house-brewed beer and unique pizza made with locally sourced ingredients. A popular Trader Joe's is situated next to a Starbucks on South Washington Avenue, and the Mill City Farmers Market is held every Saturday from May through September.
The Milwaukee Road restaurant and bar is inside the Renaissance Minneapolis Hotel.
The Milwaukee Road restaurant and bar is inside the Renaissance Minneapolis Hotel.
The Renaissance Minneapolis Hotel is set in an historical train depot in downtown Minneapolis.
The Renaissance Minneapolis Hotel is set in an historical train depot in downtown Minneapolis.
Owamni is a full-service Indigenous restaurant created by The Sioux Chef in 2021.
Owamni is a full-service Indigenous restaurant created by The Sioux Chef in 2021.
Owamni showcases true North American Indigenous foods and culture.
Owamni showcases true North American Indigenous foods and culture.
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Abbot Street
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Abbot Street
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Agents Specializing in this Area

  • Barbara Brin

    Barbara Brin

    Responds Quickly

    Coldwell Banker Realty

    (612) 502-7853

    139 Total Sales

    2 in Downtown East

    $1.1M - $1.6M Price Range

    Barbara Brin
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  • Ryan Platzke

    Ryan Platzke

    Responds Quickly

    Coldwell Banker Realty

    (651) 615-9289

    882 Total Sales

    1 in Downtown East

    $865,000 Price

    Ryan Platzke
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  • Michael Kaslow

    Michael Kaslow

    Coldwell Banker Realty

    (952) 666-4843

    524 Total Sales

    1 in Downtown East

    $490,000 Price

    Michael Kaslow
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  • Matthew Austinson

    Matthew Austinson

    Keller Williams Premier Realty

    (715) 553-5291

    101 Total Sales

    1 in Downtown East

    $395,000 Price

    Matthew Austinson
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  • Pete Ice

    Pete Ice

    Edina Realty, Inc.

    (952) 222-0221

    129 Total Sales

    1 in Downtown East

    $488,000 Price

    Pete Ice
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  • Christian Klempp

    Christian Klempp

    Compass

    (763) 292-4306

    164 Total Sales

    2 in Downtown East

    $629K - $975K Price Range

    Christian Klempp
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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
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Interested in learning more about homes in this area? Reach out to Barbara Brin, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Minneapolis-St Paul International/Wold-Chamberlain

20 min drive

Subway

Downtown East/Metrodome Station

Bus

3rd St S & Chicago Ave S

Bus

Washington Ave S & Park Ave

Bus

Washington Ave S & Chicago Ave S

Bus

4th St S & Chicago Ave

Bus

Washington Av & 10 Av NW Corner

Bus

3rd St S & Portland Ave S NE Corner

Bus

4th St S & Chicago Ave S SW Corner

Crime and Safety

1 - Low Crime, 10 - High Crime Downtown East US
Homicide 5 4
Sexual Assault 7 4
Assault with Weapon 6 4
Robbery 9 4
Burglary 8 4
Motor Vehicle Theft 6 4
Larceny 7 4
Crime Score 7 4

Source: WhatIsMyCrimeRisk.com

Downtown East Demographics and Home Trends

On average, homes in Downtown East, Minneapolis sell after 66 days on the market compared to the national average of 49 days. The median sale price for homes in Downtown East, Minneapolis over the last 12 months is $707,500, up 10% from the median home sale price over the previous 12 months.

Housing Trends

Median List Price
$705,000
Median Sale Price
$707,500
Median Single Family Sale Price
$1,575,000
Median Townhouse Sale Price
$607,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
84
Median Home Sale Price YoY Change
10%
Average Price Per Sq Ft
$484

Neighborhood Facts

Number of Homes in Neighborhood
1,175
Number of Homes for Sale
33
Median Year Built
2008
Months of Supply
4.70
Average Single Family Home Size Sq Ft
2,045
Above the national average
1,933
Average 2 Bedroom Size Sq Ft
1,450
Average 1 Bedroom Size Sq Ft
1,181
Median Lot Size Sq Ft
13,503

Distribution of Home Values

Source: Public Records

Homes for Sale

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Homes for Rent

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Interested in learning more about homes in this area? Reach out to Barbara Brin, an experienced agent in this neighborhood.

Average Home Value

Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
4,443
Median Age
40
Population Density
20 ppl/acre
Population under 18
16.5%
Below the national average
23.8%
Population over 65
15.8%
On par with the national average
19.1%

Finances

Median Household Income
$152,980
Significantly above the national average
$71,702
Average Household Income
$176,178

Education and Workforce

High School Graduates
98.4%
College Graduates
80.6%
Significantly above the national average
34.1%
Advanced Degrees
37.7%
Above the national average
13.3%
% Population in Labor Force
66.2%

Weather

Annual Precipitation
31''
Average Winter Low Temperature
9°F
Average Summer High Temperature
83°F
Annual Snowfall
60''

Area Factors

Biker's Paradise

Bike Score®

95 / 100

Very Walkable

Walk Score®

88 / 100

Excellent Transit

Transit Score®

82 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Learn How Walk Score Works

Nearby Neighborhoods

Downtown West
Downtown West

Condos in Minneapolis’ downtown business district

Elliot Park
Elliot Park

This downtown neighborhood boasts access to museums, dining and entertainment

Marcy-Holmes
Marcy-Holmes

The oldest neighborhood in Minneapolis, known for the nightlife in Dinkytown

Search Nearby Neighborhoods

Reviews

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Minnesota Hennepin County Minneapolis
Downtown East
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Downtown East
Barbara Brin
Coldwell Banker Realty Section Image
Barbara Brin
Barbara Brin
Coldwell Banker Realty
Agent experienced in this area
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