Office Space For Lease

122 W Franklin Avenue Minneapolis, MN 55404

122 W Franklin Avenue, Minneapolis, MN, 55404
122 W Franklin Avenue, Minneapolis, MN, 55404
Property Type:
Multi Tenant Office
Please Call Broker for Price

Cap Rate:
Last Verified:
Jul 11, 2023

Office Space For Lease Highlights and Features: • Free parking on surfaced lot • Staffed front desk • Conference rooms available at no charge • Security cameras • Ideal for non-profits/religious based tenants • Views of Minneapolis • 1.5 miles to DT Minneapolis • Easy access to I-94, I-35W, I-394 Demographics and Traffic Counts: • Average Household Population: 1 mile - 30,552, 3 miles - 163, 524, and 5 miles - 322,677 • Average Household Income: 1 mile - $45,699, 3 miles - $54,625, and 5 miles - $62,467 • Franklin Avenue - 15,000 vpd Space Available • Suite 323: 2,152 sf • Suite 508: 1,988 sf • Suite 610: 746 sf • Gross Rate: $29.50 psf

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Map of 122 W Franklin Avenue, Minneapolis, MN, 55404

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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.