Open house  Sun 1:00–3:00 · Private tours weekdays after 4 · Offer review begins Mon 9 a.m.

Price improved · −$24,000 Hot home · 43 saves 26 days

214 S 3rd St №312 · Minneapolis, MN 55415

Crosby Mill
Lofts №312

A corner loft carved from an 1912 flour mill, where the light arrives from above. Fourteen feet of sawtooth clerestory, old-growth Douglas fir trusses left exactly as the framers left them — and a 2023 renovation that added everything the mill never had.

Bedrooms
2+den
Baths
2.0
Interior
1,780ft²
Ceiling
14ft
Offered at
$625,000
$649,000
$351 / ft² · $1,026/mo HOA
Listing agent Nadia Okonjo
Nadia Okonjo LIC# 40211887
Arda Realty · replies in ~40 min
(612) 555‑0143
Great room with exposed brick and sawtooth clerestory windows
Photo 01 · Great room, 3:20 p.m.
North light, all afternoon, no glare
Walk Score
94 Walker's
Paradise
✦14-ft sawtooth clerestory/ Original 1912 masonry walls, 22 in./ Old-growth fir trusses/ Vintage freight elevator/ Rooftop deck + grills/ Heated in-ground parking/ Renovated 2023 by Bock + Vail/ Limestone + white oak throughout/ ✦14-ft sawtooth clerestory/ Original 1912 masonry walls, 22 in./ Old-growth fir trusses/ Vintage freight elevator/ Rooftop deck + grills/ Heated in-ground parking/ Renovated 2023 by Bock + Vail/ Limestone + white oak throughout/
01 — The pitch

Five reasons
buyers keep
coming back.

Number 312 has been viewed 3,914 times and saved 43 ways — the strongest two-week stretch for any Mill District loft this year.

Corner unit 3 exposures No shared wall on 2 sides
R/01

Light that arrives from the ceiling

Nineteen north-facing clerestory windows run the full depth of the unit, set into the sawtooth roofline mills used to feed grinding floors. In practice: no direct sun, no hot spots, and an even, shadowless glow from breakfast until dusk. Photographers and painters have bought units in this building for that reason alone.

R/02

Nothing was drywalled over

The 2023 renovation removed a clumsy 1996 subdivision and put the shell back the way it was: 22-inch brick, exposed fir decking, steel sash windows re-glazed and re-balanced. New work was kept quiet — white oak floors, lime plaster, hidden storage — so the mill reads as the author.

R/03

A real second room, not a closet

The den off the entry takes a queen bed and a desk under 11 feet of ceiling — the loft's most common upgrade, and the reason 312 competes with units two hundred dollars a foot more expensive. The mezzanine study above it was added in 2023 and is engineered, permitted, and floored in matching fir.

R/04

Four minutes to the river, ten to the Grain Belt block

You can walk to the Marcy-Holmes end of the Chain of Parks, the Mill City Museum, and most of the dining that has grown up around the old wash-house. Grocery in six minutes by foot, light rail in nine, MSP in twenty-two without traffic at 6 a.m.

R/05

Fees you can read in one sitting

$1,026 a month covers heat, water, insurance, the rooftop, the elevator and the reserve. No special assessment is pending; the 2024 reserve study funded the roof replacement through 2039. Minutes and the study are in the data room, unredacted, before you offer.

02 — Price & value

What it costs, honestly.

Comparables drawn from 11 closed mill-loft sales within a half mile, 2023–2025. Adjusted for ceiling height, exposure and finish vintage.

List-price history

26 days · 1 change

Cut 3.7% on day 26 after 14 showings and two near-offers.

Jun 12 Jul 01 Today
List price per ft²$351
Nearest comp median$339 / ft²
Days on market, this ZIP41 avg
List-to-sale ratio, Q298.6%

Monthly payment

Adjust the levers. HOA, taxes and insurance are estimated from actual 2025 figures.

Total / month
$4,251
$625,000
$125,000 20%
6.15%
Principal & interest$3,046
HOA dues (heat, water, rooftop incl.)$1,026
Property tax 2025 est.$515
Homeowners insurance$78
Cash to close
$139,800
Loan amount
$500,000

Estimates only · Not a loan commitment · PMI included when down payment is below 20%

Jun 12, 2025
Listed
$649,000
Jul 08, 2025
Price revised
$625,000
Jul 14, 2025
Back on market
Contingency fell
Today
Active
26 days · no accepted offers
Great room seating area Kitchen detail Primary bedroom Primary bath Mezzanine study
Fig. i — Great room
04 — Inside the space

You enter through
a freight lobby
and the noise
stops.

i · The great room — 420 ft²

Thirty-eight feet long and unbroken. The fir decking overhead is original 1912 stock — old-growth, tight-grained, the kind of timber you cannot buy at any price today. The previous owner's 1996 drop ceiling came down in April 2023 and revealed the trusses, still painted in the mill's ochre primer, which the architect decided to keep.

Two gas lines and a rough-in for a wood stove are capped in the east wall. Radiant floor loops were added under the white oak in 2023 and are zoned in three circuits with a thermostat in the great room and one in each sleeping area.

14 ft ceiling Radiant heat White oak, 10 mm Built-ins by Bock+Vail
ii · Kitchen & dining — 310 ft²

A ten-foot island in honed limestone seats four; the cabinets are rift white oak with brass hardware and no upper units, which is what makes a 310-square-foot kitchen feel like the widest room in the house. Appliances are Thermor, all under manufacturer warranty through 2028, including the 48-inch range the seller had shipped in from Portland.

Plumbing was relocated onto the original mill stack, so the island drains fast and the dishwasher is serviceable without moving a single panel. A butler's pantry behind the range takes the small appliances out of sight.

Thermor suite Limestone island Butler's pantry Wine fridge
iii · Primary suite — 290 ft²

Set on the quiet southeast corner, away from the elevator shaft, with a window seat cut into the original two-foot brick. The dressing room is a genuine dressing room — eight feet of hanging on two sides, a vanity in the north light, and a door that closes.

The den across the hall measures 11'4" × 12'8" with a closet and 11-foot ceilings; it takes a queen, or works as a studio, or a second office. It is not a converted hallway, a frequent Mill District disappointment.

Blackout shades Dressing room Den, queen-sized
iv · Baths — 95 + 70 ft²

Primary bath in honed limestone with a freestanding tub set under the clerestory and a curbless shower big enough to argue in. Second bath in matching palette with a stacked washer-dryer closet beside it; laundry also has a sink and hanging bar.

Both baths were rebuilt to the stud in 2023 with new pans, new valves, and accessible 36-inch doorways. Grout is epoxy; the previous owner did not want to scrub it, and neither will you.

Curbless shower Heated floors Epoxy grout
v · Mezzanine study — 150 ft²

Permitted in 2023, engineered by Kraus Hagen, and floored in reclaimed mill fir so it reads as though it was always there. It holds a desk for two, a library wall, and — because the loft below is open — it is the only room in the house where you can hear the river.

Load rating 60 lb/ft², documented in the permit file, which is included in the data room along with all invoices from the renovation: $214,600 in total, itemized.

05 — Plan

1,780 ft²,
every inch drawn.

Tap a room on the plan for dimensions, finish and a photo. Third floor, northwest corner, elevator opens into a private vestibule.

GREAT ROOM38'-0" × 11'-6" · 420 ft² KITCHEN + DINING16'-2" × 19'-0" · 310 ft² PRIMARY13'-4" × 22'-0" · 290 ft² PRIM. BATH95 ft² VESTIBULEprivate entry DEN / BED 211'-4" × 12'-8" BATH 2 MEZZANINE STUDY150 ft² · 60 lb/ft² N 10 ft
Selected room

Great Room

38'-0" × 11'-6" · 420 ft²

Unbroken 38-foot run under the sawtooth. Radiant floor on its own zone; two capped gas lines in the east wall.

Finish
White oak + brick
Exposures
N, W clerestory
06 — Location

Third Street,
between the river and the rails.

94
Walk
78
Transit
89
Bike
SE 3rd StSE 5th St Main St SE 2nd Ave SE Gold Medal Park Mississippi River CROSBY MILL №312
Not to scale · Hover a place to see it

    Commute times from 214 S 3rd St at 8:15 a.m., typical weekday.

    07 — Facts & fees

    The record,
    unabridged.

    Type / style
    Condo · Loft, 3rd fl of 5
    Year built / converted
    1912 / 2004
    Renovated
    2023, full gut
    Interior / taxed area
    1,780 / 1,842 ft²
    Assessed value, 2025
    $591,400
    Elementary / middle / high
    Marcy · Ellsworth · SE
    Association
    Crosby Mill Assn., 38 units
    Parking
    1 deeded, in-ground heated
    MLS / status
    6742108 · Active

    Seller contributes up to $8,000 toward buyer's closing costs with an offer at or above list before August 15. Survey, COI and reserve study complete.

    Covers centrally controlled heat and chilled water, all water and sewer, master insurance, elevator maintenance, the rooftop deck, snow and trash removal, exterior masonry reserve, and fiber internet at 2 gig. Dues were unchanged 2021–2024 and rose 4.2% in January with the roof work completed. No special assessment pending.

    2025 estimated property tax: $6,180 (effective rate 1.04% on the assessed value of $591,400). Mill District properties carry a 0.1% infrastructure levy. Homestead and 20% market-value exemptions apply to owner-occupants and have been filed on the buyer's behalf in prior transactions — the reduction runs roughly $940 a year.

    Two pets, no weight limit, no deposit. Rentals permitted with a 30-day minimum (12 of 38 units currently leased; the board has no pending cap). Short-term rentals prohibited since 2019. Alterations require board approval for anything touching the masonry, the roofline or the plumbing stack — interior finishes are yours. Quiet hours 10 p.m.–7 a.m.; freight elevator reservation required for moves over 100 ft² of furniture.

    Roof membrane replaced 2024 (20-year guarantee). Tuckpointing on the south and west elevations completed 2022 by Lindgren Masonry, transferable warranty. Freight elevator modernized 2021 with new controls and a phone/dialer. Boilers replaced 2019; each unit has its own thermostatic interface. Reserve study by Kraus Hagen, dated February 2024, projects 30-year sufficiency at current dues with a 3% annual increase.

    Disclosed: the unit sits beneath the historic 62-foot mill stack; a faint brick-dust smell persists after heavy rain in the northeast closet, addressed with a dehumidifier line and a sealed hatch in 2023. Lead-based paint present in original mill trim per MN disclosure (all accessible trim was encapsulated in 2023). Window-wall AC sleeves roughed-in but AC units excluded. Excluded: the seller's dining table and the two brass floor lamps in the great room. Everything else — all appliances, window treatments, the built-in library wall, the refrigerator's water filter subscription through 2026 — conveys.

    Included, inside the unit

    • ✦ Radiant in-floor heat, 3 zones
    • ✦ Thermor 48" range + dual ovens
    • ✦ Integrated wine column (86 bottles)
    • ✦ Whole-unit RO water softener
    • ✦ 2-gig fiber, Wi-Fi 6 hardwired
    • ✦ Motorized blackout shades, 9 windows
    • ✦ In-unit laundry + utility sink
    • ✦ Built-in library wall, mill fir
    • ✦ 42 ft² secured storage locker
    • ✦ Bike room with wash-down bay
    • ✦ Package room + refrigerated lockers
    • ✦ EV charging in garage (2 of 30 available)
    Shared amenity
    Rooftop deck

    Two grills, 14-seater, river-facing.

    Shared amenity
    Mill room

    Co-working lounge + bookable studio.

    Shared amenity
    1912 lobby

    Original freight elevator, in service.

    Shared amenity
    Courtyard

    Grilled-brick, 12 trees, dog run.

    08 — What else is out there

    Four homes
    in the same conversation.

    Within a half mile, similar shell vintage. Subject highlighted in rust. Hover a row to compare line by line.

    Data: StellarMLS, 2025. Adjustments by Arda Realty. Not an appraisal.

    09 — Who to talk to

    Ask anything.
    Including the hard stuff.

    Nadia Okonjo
    Nadia Okonjo
    Broker-associate · Arda Realty
    ★★★★★ 4.9 · 128 reviews
    0
    Years
    0
    Lofts sold
    0
    List/sale
    "She talked us out of one loft and into a better one, then negotiated $31,000 and a new roof schedule on the second. Nobody else on that board was going to tell us the first building had a water table problem."
    — R. Adeyemi, buyer, Wash-Fisk Lofts
    Office 9a–7p daily · 601 Hennepin Ave, Minneapolis
    Typical first response: 40 minutes
    Also representing
    Tobias Vail — seller's agent, Bock + Vail
    Dual-agency disclosure available on request

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    Requesting a tour does not create an agency relationship. Minnesota laws re: disclosure are available at re MN Dept. of Commerce. Equal Housing Opportunity.