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2309 Nicollet Ave 24,057 SF 100% Leased Office Building Minneapolis, MN 55404 For Sale
Executive Summary
A well-positioned commercial building on the Nicollet Avenue corridor, presented as a value-add ownership opportunity minutes from downtown Minneapolis. 2309 Nicollet offers an owner-user or investor the chance to acquire a distinctive property with strong street presence, flexible interior space, and access to one of Minneapolis’s most active commercial corridors.
Current tenant has Lease in place through then end of 2027 (12/31/27). They have the ability to vacate before if a Buyer prefers it.
Current tenant has Lease in place through then end of 2027 (12/31/27). They have the ability to vacate before if a Buyer prefers it.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
24,057 SF
Building Class
B
Year Built
1962
NOI
$317,156 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,256 SF
Slab To Slab
9’
Building FAR
1.92
Lot Size
0.29 AC
Zoning
OR2 PO
Parking
15 Spaces (0.42 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Food Service
- Signage
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Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 34-029-24-12-0045 | Improvements Assessment | $2,042,226 CAD |
| Land Assessment | $311,526 CAD | Total Assessment | $2,353,752 CAD |
Property Taxes
Parcel Number
34-029-24-12-0045
Land Assessment
$311,526 CAD
Improvements Assessment
$2,042,226 CAD
Total Assessment
$2,353,752 CAD
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2309 Nicollet Ave
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