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    3900-3920 Nicollet Ave Minneapolis, MN 55409

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    For Sale
    $4,500,000

    Fully occupied retail building in South Minneapolis with high-occupancy rates.

    Property size:
    19,861 SF
    Lot size:
    0.66 Acres

    Property Features for 3900-3920 Nicollet Ave

    General Information

    Size
    19,861 SF
    Lot size
    0.66 Acres

    Source: Colliers Agent Nathan Karrick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Building in Minneapolis

    The building, originally constructed in 1957, underwent renovations in both 2013 and 2023, resulting in an updated design and landscaped grounds. Located at 3900-3920 Nicollet Avenue in South Minneapolis, the property offers convenient access to 35W and is situated approximately three miles from Lake Harriet. The property has a history of high-occupancy rates and is currently 100% occupied. The building has a property size of 19861 square feet and is home to companies including Master Collision Group and Tower Games.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Gardenias Florist, Best Buds Flower Shop, Floristeria Castro, Floreria Yare, Anturio Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2782411
    Latitude
    44.9320728

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    FAQs

    What type of property is this?
    Storefront property - Fully occupied retail building in South Minneapolis with high-occupancy rates.
    Where is this storefront property located?
    The property is located at 3900-3920 Nicollet Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - 100% Occupancy Rate; - Strategically located in the heart of South Minneapolis with close access to 35W; - Renovated in 2013/2023 with elevated and timeless design
    (952) 897-7722
    Request Owner's contact information
    3900-3920 Nicollet Ave Minneapolis, MN 55409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3900-3920 Nicollet Ave Minneapolis, MN 55409
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