First Floor Retail or Office Space For Lease on Nicollet Mall

815 Nicollet Mall Minneapolis 55402

815 Nicollet Mall, Minneapolis, 55402
815 Nicollet Mall, Minneapolis, 55402
Property Type:
Mixed Use
Please Call Broker for Price

Cap Rate:
Last Verified:
Apr 16, 2024

Retail/Office Building For Sale and Lease on Nicollet Mall Highlights and Features: • Free-standing building • Zoning: B4-2 • Comprehensive remodel • Tremendous signage availability • Ceiling Heights: 14’ • Direct/First Floor entrance on Nicollet Mall • Ideal for Target vendors or office users needing retail exposure • Skylights • Skyway access • Use of shared dock • Ease of parking in adjacent parking ramps • Across the street from Targets Global Headquarters • Centrally located on Nicollet Mall in Minneapolis • Nicollet Mall has long been downtown’s core shopping and entertainment artery • Walk Score: Walker's Paradise (97) • Walking distance to the city’s most prominent sports, art, dining, and entertainment venues, most notably The Orpheum, Target Field, Target Center, US Bank Stadium, The Guthrie, Walker Art Center, and Orchestra Hall • Co-tenant: MGA Available For Sale: 17,100 SF (Land 0.13 acres) • 2024 Tax: $79,487.92 • Sale Price: Negotiable Available For Lease: • First Floor: 5,202 RSF • Second Floor: 6,696 RSF • Lower-Level: 5,202 RSF • Lease Rate: low $20’s with generous TI package for longer term lease • 2024 CAM: $5.29 psf and Tax: $4.65 psf

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Map of 815 Nicollet Mall, Minneapolis, 55402

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.