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330 South Second 330 2nd Ave S 201,511 SF 46% Leased Office Building Minneapolis, MN 55401 For Sale
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Investment Highlights
- 201,511-RSF multi-tenant office building in Minneapolis’ Gateway District with direct Skyway connectivity to Nicollet Mall and core CBD amenities.
- Below-market average in-place rents create a clear mark-to-market opportunity through lease-up, renewals, and long-term rent optimization.
- Diversified tenant roster anchored by government agencies and professional service firms supports stable income and long-term tenancy durability.
- Convenient access to Interstates 94 and 394, light rail stations, and major transit routes serving the Minneapolis–St. Paul metro.
- Strong lease-up opportunity driven by existing spec suites and well-configured, built-out office space, reducing downtime and upfront capital needs.
- Amenity-rich environment featuring a fitness center, tenant lounge, collaboration areas, and on-site parking within Skyway-connected corridors.
Executive Summary
330 South Second presents a compelling investment opportunity in the heart of the Minneapolis Central Business District. This 201,511-rentable-square-foot Class B office property at 330 2nd Avenue S resides in the Gateway District with direct Skyway connectivity, offering seamless pedestrian access to Nicollet Mall, the riverfront, and major downtown amenities.
Positioned with below-market in-place rents averaging $11.43 per square foot and current occupancy of 41%, 330 South Second offers a clear value-add opportunity through lease-up and rent optimization. Existing lease rollovers and spec suite availability create near-term absorption potential while minimizing downtime and capital requirements.
The property benefits from a diversified tenant base anchored by government tenants and professional service firms, generating in-place income with prospects for long-term stability. Modern amenities, including a fitness center, tenant lounge, and multiple Skyway links, enhance tenant appeal, while on-site parking in underground and surface stalls adds convenience.
Proximity to Interstates 94 and 394 and light rail stations underscores connectivity, supporting continued demand. With a weighted average lease term (WALT) of 3.8 years and the opportunity to recapture significant vacancy at higher market rates, this asset is well-positioned for investors pursuing cash-flow growth and portfolio diversification.
330 South Second delivers cost-effective, flexible office spaces and stunning spec suites paired with a robust amenity package in Minneapolis' highly sought-after Gateway District.
Positioned with below-market in-place rents averaging $11.43 per square foot and current occupancy of 41%, 330 South Second offers a clear value-add opportunity through lease-up and rent optimization. Existing lease rollovers and spec suite availability create near-term absorption potential while minimizing downtime and capital requirements.
The property benefits from a diversified tenant base anchored by government tenants and professional service firms, generating in-place income with prospects for long-term stability. Modern amenities, including a fitness center, tenant lounge, and multiple Skyway links, enhance tenant appeal, while on-site parking in underground and surface stalls adds convenience.
Proximity to Interstates 94 and 394 and light rail stations underscores connectivity, supporting continued demand. With a weighted average lease term (WALT) of 3.8 years and the opportunity to recapture significant vacancy at higher market rates, this asset is well-positioned for investors pursuing cash-flow growth and portfolio diversification.
330 South Second delivers cost-effective, flexible office spaces and stunning spec suites paired with a robust amenity package in Minneapolis' highly sought-after Gateway District.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
201,511 SF
Building Class
B
Year Built/Renovated
1980/2019
Percent Leased
46%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
25,189 SF
Slab To Slab
13’
Building FAR
4.63
Lot Size
1.00 AC
Zoning
B-4-1 - Commercial
Parking
89 Spaces (0.44 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Fitness Center
- Food Court
- Food Service
- Metro/Subway
- Property Manager on Site
- Restaurant
- Signage
- Skyway
- Energy Star Labeled
- Wheelchair Accessible
- Kitchen
- Reception
- Storage Space
- Car Charging Station
- Basement
- Central Heating
- Secure Storage
- Shower Facilities
- Drop Ceiling
- Air Conditioning
- On-Site Security Staff
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Ground level Suite 150. Property ownership will prepare space and make for move-in ready with new carpet, paint and general updates.
3rd Floor Office Space.
Very nice office space on 3rd floor. Perfect for a lawyer or CPA.
Nice space for many user types. Space is fully built out and shows well.
Beautiful office space ready for immediate occupancy.
Open Shell pricing is as-is.
Nice looking office space. Ready for immediate occupancy.
This expansive 16,263 square foot office suite in the Minneapolis Central Business District features an open floor plan with multiple private offices, conference rooms, and collaborative workspaces. The suite includes a welcoming reception area, modern kitchenette, and abundant natural light from large windows. High ceilings and efficient HVAC ensure a comfortable work environment. The property provides secure building access, on-site parking, and is within walking distance to transit options and downtown amenities. Ideal for businesses needing flexible workspace solutions in a central location.
Tasteful mostly open office space. In-suite kitchenette.
Beautiful, large, office space. Ready for immediate occupancy.
10,000 Square feet of mostly open space. Perfect for R&D uses, contact/call center, etc. Building ownership will invest tenant improvement dollars. Rate advertised is as-is.
Beautifully renovated modern office space. Offering the perfect blend of open and private offices. Move in today!
Tasteful office space. Ready for immediate occupancy. Building ownership can paint the space to match your branding.
This 9,000 square foot office suite in the Minneapolis Central Business District offers a versatile layout, blending private offices with open workspace areas. The suite is thoughtfully designed for functionality, featuring a spacious break room, conference rooms, and ample natural light throughout. Ideal for businesses looking for a well-appointed and flexible space. The building includes secure access, on-site parking options, and is conveniently located near transit, dining, and downtown amenities. Perfect for a team looking to elevate their workspace in a prime location.
Spanning approximately 10,200 square feet, this fully built-out office suite in Minneapolis' Central Business District is ready for immediate occupancy. The space features a blend of private offices, open work areas, and collaborative zones, designed to accommodate diverse work styles. A built-in break room with modern finishes provides a comfortable space for employee breaks and gatherings. Large windows offer abundant natural light, enhancing the suite's welcoming atmosphere. With secure building access and proximity to parking and public transit, this space offers both convenience and a polished, professional presentation.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 150 | 5,137 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 4,108 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 310 | 899 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 320 | 2,579 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 335 | 4,107 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 395 | 2,931 SF | Office | Shell Space | Now |
| 4th Fl-Ste 420 | 5,260 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 450 | 16,263 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 500 | 5,886 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 550 | 10,736 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 560 | 9,855 SF | Office | Partial Build-Out | Now |
| 5th Fl-Ste 565 | 3,451 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 605 | 9,191 SF | Office | - | Now |
| 6th Fl-Ste 610 | 5,680 SF | Office | Spec Suite | Now |
| 7th Fl-Ste 750 | 3,700 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 790 | 7,650 SF | Office | Full Build-Out | Now |
| 8th Fl-Ste 895 | 12,218 SF | Office | - | Now |
1st Fl-Ste 150
| Size |
| 5,137 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 4,108 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 310
| Size |
| 899 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 320
| Size |
| 2,579 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 335
| Size |
| 4,107 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 395
| Size |
| 2,931 SF |
| Space Use |
| Office |
| Build-Out |
| Shell Space |
| Available |
| Now |
4th Fl-Ste 420
| Size |
| 5,260 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 450
| Size |
| 16,263 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 500
| Size |
| 5,886 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 550
| Size |
| 10,736 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 560
| Size |
| 9,855 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
5th Fl-Ste 565
| Size |
| 3,451 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 605
| Size |
| 9,191 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
6th Fl-Ste 610
| Size |
| 5,680 SF |
| Space Use |
| Office |
| Build-Out |
| Spec Suite |
| Available |
| Now |
7th Fl-Ste 750
| Size |
| 3,700 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 790
| Size |
| 7,650 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
8th Fl-Ste 895
| Size |
| 12,218 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 150
| Size | 5,137 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Ground level Suite 150. Property ownership will prepare space and make for move-in ready with new carpet, paint and general updates.
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 300
| Size | 4,108 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
3rd Floor Office Space.
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 310
| Size | 899 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Very nice office space on 3rd floor. Perfect for a lawyer or CPA.
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 320
| Size | 2,579 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Nice space for many user types. Space is fully built out and shows well.
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 335
| Size | 4,107 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Beautiful office space ready for immediate occupancy.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 395
| Size | 2,931 SF |
| Space Use | Office |
| Build-Out | Shell Space |
| Available | Now |
Open Shell pricing is as-is.
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
4th Fl-Ste 420
| Size | 5,260 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Nice looking office space. Ready for immediate occupancy.
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
4th Fl-Ste 450
| Size | 16,263 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
This expansive 16,263 square foot office suite in the Minneapolis Central Business District features an open floor plan with multiple private offices, conference rooms, and collaborative workspaces. The suite includes a welcoming reception area, modern kitchenette, and abundant natural light from large windows. High ceilings and efficient HVAC ensure a comfortable work environment. The property provides secure building access, on-site parking, and is within walking distance to transit options and downtown amenities. Ideal for businesses needing flexible workspace solutions in a central location.
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
5th Fl-Ste 500
| Size | 5,886 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Tasteful mostly open office space. In-suite kitchenette.
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
5th Fl-Ste 550
| Size | 10,736 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Beautiful, large, office space. Ready for immediate occupancy.
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
5th Fl-Ste 560
| Size | 9,855 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
10,000 Square feet of mostly open space. Perfect for R&D uses, contact/call center, etc. Building ownership will invest tenant improvement dollars. Rate advertised is as-is.
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
5th Fl-Ste 565
| Size | 3,451 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
6th Fl-Ste 605
| Size | 9,191 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
6th Fl-Ste 610
| Size | 5,680 SF |
| Space Use | Office |
| Build-Out | Spec Suite |
| Available | Now |
Beautifully renovated modern office space. Offering the perfect blend of open and private offices. Move in today!
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
7th Fl-Ste 750
| Size | 3,700 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Tasteful office space. Ready for immediate occupancy. Building ownership can paint the space to match your branding.
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
7th Fl-Ste 790
| Size | 7,650 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
This 9,000 square foot office suite in the Minneapolis Central Business District offers a versatile layout, blending private offices with open workspace areas. The suite is thoughtfully designed for functionality, featuring a spacious break room, conference rooms, and ample natural light throughout. Ideal for businesses looking for a well-appointed and flexible space. The building includes secure access, on-site parking options, and is conveniently located near transit, dining, and downtown amenities. Perfect for a team looking to elevate their workspace in a prime location.
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
8th Fl-Ste 895
| Size | 12,218 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Spanning approximately 10,200 square feet, this fully built-out office suite in Minneapolis' Central Business District is ready for immediate occupancy. The space features a blend of private offices, open work areas, and collaborative zones, designed to accommodate diverse work styles. A built-in break room with modern finishes provides a comfortable space for employee breaks and gatherings. Large windows offer abundant natural light, enhancing the suite's welcoming atmosphere. With secure building access and proximity to parking and public transit, this space offers both convenience and a polished, professional presentation.
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
39,560
255,772
483,530
2025 Population
43,866
256,926
479,937
Population Growth '20-'25
10.9%
0.4%
-0.7%
2020 Households
23,605
114,678
214,056
2025 Households
26,327
115,987
213,580
Household Growth '20-'25
11.5%
1.1%
-0.2%
Average Age
40
35
37
Median Household Income
$87,609
$63,650
$78,760
Daytime Employees
137,661
271,050
389,847
Total Businesses
7,625
23,441
36,207
College Degree + Higher
59%
45%
49%
Property Taxes
| Parcel Number | 23-029-24-33-0012 | Improvements Assessment | $3,245,800 |
| Land Assessment | $8,644,200 | Total Assessment | $11,890,000 |
Property Taxes
Parcel Number
23-029-24-33-0012
Land Assessment
$8,644,200
Improvements Assessment
$3,245,800
Total Assessment
$11,890,000
About the Architect
KKE Architects, Inc. was an architecture firm that serves in architecture, interior design, and architectural planning. KKE was ranked among the top 50 architectural firms in the United States by Building Design & Construction and a Top 500 Design Firm by Engineering News-Record.
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Other Properties in the KKE Architects, Inc. Portfolio
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330 South Second | 330 2nd Ave S
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