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2429 Nicollet Ave 19,683 SF 100% Leased Office Building Minneapolis, MN 55404 $3,400,000 ($172.74/SF) 7.06% Cap Rate
Executive Summary
The site was doubled in size with the addition of a south parking lot so that there is now 54+ parking spaces - a rarity for the neighborhood.
Owner user on the 1st floor. This is approximately 7,000sf that could be available within 6 months.
Property Facts
Amenities
- Bus Line
- Signage
- Kitchen
- Bicycle Storage
- Shower Facilities
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
A beautiful fully renovated office space on Nicollet Ave. This is the 1st floor (main level) which has been transformed from a former police precinct in to an open creative office space. Featuring a mix of polished concrete, carpet, and ceramic flooring. High ceilings, abundant natural light highlight many desirable architectural features. There is a very large kitchen, two private bathrooms and access to two additional bathrooms with showers in the lower level. There are 24 dedicated off street parking spaces on the south side of the building (very rare for the area). Additional space available in the lower level; ideal for large conference needs, studio/production, and dedicated storage.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 7,300 SF | Office | Full Build-Out | 120 Days |
1st Floor
| Size |
| 7,300 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 120 Days |
1st Floor
| Size | 7,300 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 120 Days |
A beautiful fully renovated office space on Nicollet Ave. This is the 1st floor (main level) which has been transformed from a former police precinct in to an open creative office space. Featuring a mix of polished concrete, carpet, and ceramic flooring. High ceilings, abundant natural light highlight many desirable architectural features. There is a very large kitchen, two private bathrooms and access to two additional bathrooms with showers in the lower level. There are 24 dedicated off street parking spaces on the south side of the building (very rare for the area). Additional space available in the lower level; ideal for large conference needs, studio/production, and dedicated storage.
Property Taxes
| Parcel Number | 34-029-24-13-0315 | Improvements Assessment | $1,690,400 |
| Land Assessment | $599,600 | Total Assessment | $2,290,000 |
Property Taxes
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2429 Nicollet Ave
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