Minneapolis, MN
Property Features for
General Information
- Lot size
- 13.00 Acres
Source:
Nmrk
Listing Agency: Newmark Listing Agent: Tim Prinsen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Prime Downtown Minneapolis Ground Lease
These ground leases are situated beneath the RSM Plaza building, located at the intersection of Nicollet Mall and 8th Street in downtown Minneapolis. Downtown Minneapolis serves as the economic center of the Twin Cities, encompassing 30 million square feet of office space and housing 58,000 residents. The area is known for its diverse experiences, including three major sports stadiums, a renowned theater district, and a vibrant arts scene featuring museums and music venues. Minneapolis' central location, robust business infrastructure, and skilled workforce make it a desirable location for corporate headquarters and various companies. The ground lease is for a long term of 88 years, expiring in 2113. The ground lease is unsubordinated with a first lien position. Rent adjustments occur every 10 years. The location at Nicollet Mall and 8th Street is considered the center of commerce in the Minneapolis CBD. Minneapolis is described as a 24-hour city with a growing population and active redevelopment.
Location Intelligence
Current Use by Public Records
Commercial land
Map
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2693572
- Latitude
- 44.9836543
Nearby Similar for Lease
FAQs
What type of property is this?
Commercial land - Ground leases under RSM Plaza, Nicollet Mall and 8th Street.
Where is this commercial land located?
The property is located at Minneapolis, MN.
What are key features of this property?
This property features: - Prime Location: Situated on Nicollet Mall and 8th Street, the center of commerce in downtown Minneapolis.; - Benefit from a very long-term 88-year ground lease extending to 2113.; - Secure first lien position with an unsubordinated ground lease.
