1200 Nicollet Mall C4, Minneapolis, MN 55403
Retail or office space on Nicollet Mall.
- Added:
- Aug 15, 2023
- Days on Market:
- 1029
- Last Refresh:
- May 12 at 8:45 pm
Property Features for 1200 Nicollet Mall C4
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Office
Listing agent Jeffrey Meehan License #MN 40027822
Listing office KW Commercial Lake Minnetonka
Listing date Aug 15, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Lake Minnetonka
HighLights
- Located on completely renovated Nicollet Mall with heavy pedestrian traffic.
- Retail or office space available.
- Retail surface parking available.
- Near Convention Center, hotels, and condominiums.
- Close proximity to major corporations (Target Corp., Sleep Number Corp.).
- Short distance to Loring Park.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $20.88 |
| − Vacancy | −$6.3k | −$4.22 |
| EGI | $25.0k | $16.66 |
| − OpEx | −$6.2k | −$4.17 |
| NOI | $18.7k | $12.50 |
Alternative Uses
Current Use by Public Records
Map
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2861
- Latitude
- 44.9703
