Move-in Ready Medical Space - Skyway Level - 2,950 SF

655 Nicollet Mall Minneapolis, MN 55402

655 Nicollet Mall, Minneapolis, MN, 55402
655 Nicollet Mall, Minneapolis, MN, 55402
Property Type:
Single Tenant Office
Cap Rate:
Last Verified:
Jun 05, 2023

Move-in Ready Medical Space - Skyway Level - 2,950 SF Gaviidae Commons/655 Nicollet Mall lies in the heart of activity in the dynamic Minneapolis Central Business District, with an iconic “Main and Main” location along the coveted Nicollet Mall. Highlights and Features: High-end finishes 2 ADA restrooms Ample below-ground parking 265,971 employees within 2 miles Located in the heart of the Downtown Core with the heaviest traffic pedestrian counts on the Nicollet Mall Skyway connected to IDS Center, Wells Fargo, City Centre, and RBC Plaza Blocks from Target Field, Target Center, US Bank Stadium, and the Hennepin Theater District Popular area restaurants include Oceanaire, Manny’s Steakhouse, The Local, Zelo, The News Room, Brit’s Pub, Barrio Co-tenants include Walgreens, North Memorial Health Care, Caribou Coffee, Freshii, Cocoa & Fig, Bruegger's Bagels, Bright Horizons, and YMCA Traffic Generators: Target Field: 39,504 capacity, 81 home Twins games Light Rail: 19 stops, 10 million rides, 30,500 average rides per weekday Target Center: Averages 225 event days per year Nicollet Mall: Heaviest pedestrian traffic counts MN Orchestra: 70 events per year Skyway Connects: 80 blocks, 1,000 businesses, 200,000 pedestrians/day Hennepin Theatre Trust: 3 theatres, 5,729 seats, 230 event days per year Upscale Hotels: 8 within walking distance, 4,100 rooms US Bank Stadium: 73,000 capacity Demographics and Traffic Counts: Total Residential Population: 1/2 mile - 9,941, 1 mile - 39,874, 2 miles - 137,942 Total Business: 1/2 mile - 3,357, 1 mile - 5,530, 2 miles - 9,436 Total Employees: 1/2 mile - 121,627, 1 mile - 166,374, 2 miles - 265,971 Traffic Counts: 7,400 vpd - 8th Street, 9,300 vpd - 9th Street Space Available: Suite 275: 2,950 sf 2023 CAM: $10.71 psf and Tax: $14.07 psf

Map of 655 Nicollet Mall, Minneapolis, MN, 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.