Premier Corner Available In Downtown Minneapolis - Up to 18,000 SF on Two Level!

651 Nicollet Mall Minneapolis, MN 55402

651 Nicollet Mall, Minneapolis, MN, 55402
Building Photo
651 Nicollet Mall, Minneapolis, MN, 55402
FOR LEASE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Aug 19, 2024

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Description

Minneapolis is home to an expansive skyway system that is 11 miles long and connects various downtown buildings within a full 80-city block area. It is known to be one of the largest indoor systems in the world. Several condominium and apartment complexes are skyway-connected as well, allowing residents to live, work, and shop downtown without having to leave the skyway system.

Gaviidae is within walking distance of 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.

Located on Nicollet Mall, Nicollet Mall plays a vital role in Minneapolis’ competitive edge as a place where people want to live. Its renovation was central to the Minneapolis downtown council’s intersections: The downtown 2025 Plan and a vision for downtown as a more inviting place for families, workers, and tourists to live, work, play, and visit. The redesigned Nicollet Mall is expected to inject $105 million in new revenue, add nearly 3,000 jobs downtown, and increase property values in the area by $57 million. As such, Nicollet Mall is more than just a street – it is the outside world’s window onto the state and the region, and the place where business owners and investors get their first impression of Minnesota’s potential for growth.

Nicollet Mall has long been downtown’s core shopping and entertainment artery. Its comprehensive remodel has enhanced the experience for visitors, workers, and the area’s growing residential population. With motor vehicles restricted to buses and taxis, this mile-long, go-to pedestrian oasis is lined by bar and restaurant sidewalk seating, art, bountiful greenery, and many shopping options.

Highlights and Features:

Located with frontage on Nicollet Mall
Skyway connected to Wells Fargo Tower, IDS Center, City Centre and RBC Plaza
Current retailers include: YMCA, Bruegger’s Bagels, Planet Smoothie, Freshii, Fixology, Cocoa & Fig, and Lontis Day Spa & Salon
Demographics and Traffic Counts:

Population: 1 mile - 34,759, 3 miles - 246,897 and 5 miles - 472,989
Daytime Population: 1 mile - 171,402, 3 miles - 343,250 and 5 miles - 480,948
Median HH Income: 1 mile - $51,428, 3 miles - $40,200 and 5 miles - $53,175
Average HH Income: 1 mile - $84,783, 3 miles - $66,598 and 5 miles - $79,882
Median Age: 1 mile - 34.1 yrs, 3 miles - 29.7 yrs and 5 miles - 33.1 yrs
Traffic Counts: S 6th Street - 16,838 vpd and Nicollet Mall - Bus and pedestrian traffic only
Street Level Space Available:

Suite 107: 1,407 sf
Suite 119: 1,015 sf
Suite 125: 2,197 sf
Suite 130: 780 sf
2024 CAM: $11.30 psf and Tax: $4.37 psf
Lease Rate: $20.00 psf
Skyway Level Space Available:

Suite 201: 700 sf
Suite 202: 702 sf
Suite 203: 702 sf
Suite 204: 921 sf
Suite 201, 202, 203 and 204 contig to 3,025 sf
Suite 209: 797 sf
Suite 213: 488 sf
Suite 221: 2,000 sf
Suite 227: 1,352 sf
Suite 221 and Suite 227 contig to 3,352 sf
Behind Suite 221: 1,806 sf
2024 CAM: $11.30 psf and Tax: $4.37 psf
Lease Rate: $35.00 psf
First Floor: 8,576 sf
Second Floor: 9,217 sf
First Floor and Second Floor contiguous to 17,793 sf


Year Built: 1988
Building Size: 484993sq ft
Lot Size: 1.51 acres


Documents

Gaviidae - 651 Nicollet-18,000sf.pdf
Brochure Gaviidae-651 Nicollet Mall-3.21.24.pdf

Units for Lease

Suite 107
Space Available: 1407 SF
Lease Type: NNN

Price Per Sqft/Month: $20.00
Suite 125
Space Available: 2197 SF
Lease Type: NNN

Price Per Sqft/Month: $20.00
Suite 119
Space Available: 1015 SF
Lease Type: NNN

Price Per Sqft/Month: $20.00
Suite 130
Space Available: 780 SF
Lease Type: NNN

Price Per Sqft/Month: $20.00
Suite 201
Space Available: 700 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Suite 202
Space Available: 702 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Suite 203
Space Available: 702 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Suite 204
Space Available: 921 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Suite 221
Space Available: 2000 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Suite 227
Space Available: 1352 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Suite 221 B
Space Available: 1806 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Suite 209
Space Available: 797 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Suite 213
Space Available: 488 SF
Lease Type: NNN

Price Per Sqft/Month: $35.00
Second Floor
Space Available: 9217 SF
Lease Type: NNN
First Floor
Space Available: 8576 SF
Lease Type: NNN

Map of 651 Nicollet Mall, Minneapolis, MN, 55402

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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."

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