Prime Downtown Minneapolis Ground
For Lease
$4,800,000
F.W Knoblauch Ground Lease, Minneapolis, MN
Ground leases under RSM Plaza, Nicollet Mall and 8th Street.
Space SizeContact for details
Days on Market205
Property Features for F.W Knoblauch Ground Lease
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Newmark - Minneapolis
(612) 963-6220
Listed By:
Tim Prinsen · License #20006389
(612) 963-6220
Source:
Nmrk
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 19 at 5:20AM
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 Newmark - Minneapolis
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
10,653
Businesses Nearby
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Frequently Asked Questions
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 F.W Knoblauch Ground Lease Minneapolis, MN.
What is the lease rate?
The lease rate is $4,800,000.
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.
