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Office Building with High Ceilings
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1901-1911 Nicollet Ave, Minneapolis, MN 55403

Landmark Class B office building with abundant daylight, exposed brick and timber, and on-site parking options.

Property Size1,919 SF
Days on Market1796

Property Features for 1901-1911 Nicollet Ave

General Information

Standard status Active
Size 1,919 SF
Class B
Elevators Yes
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Condition Shell

Amenities

underground garage
surface parking
signage opportunity
new prominent building entry/lobby

Building Details

Construction brick & timber
Listing Agency: Maven CRE
Listed By: Mike Finkelstein · License #40486617
Source: Moodyscre
Added: Sep 1, 2021 Changed: Jul 30 Last Checked: Jul 30 at 7:04PM

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 Maven CRE

Investment Insights

Based on property information with market context.

This landmark Class B office building offers exposed brick and timber with an open, high-ceiling environment. The space features 11' ceiling height with exposed timber and metal girder elements, along with abundant daylight from large plate glass windows. A complete interior and exterior rehab was completed, including a new elevator, new restrooms, updated common areas, new glass, and a prominent building entry and lobby on Nicollet Ave. The building is available and ready for tenant build-out.

The property sits along the Nicollet Avenue corridor, about 1 1/2 miles south of Downtown Minneapolis, supporting strong visibility and signage opportunity. Parking includes an underground garage as well as surface parking.

With its landmark character, natural light, and recently updated building systems and shared spaces, the property is positioned for an office tenant seeking a classic, character-forward setting with flexibility for an interior build-out.

Key Highlights

  • Landmark Class B office building with exposed brick and timber
  • 11' ceiling height with exposed timber and metal girder
  • Abundant daylight from large plate glass windows

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service Locksmith Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,193
Businesses Nearby

Demographics for 55403, MN

17,707
Population
12,906
Households
1.4
Avg Household Size
35
Median Age
59%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
12,648
Density / Sq Mi
$59,928
Median Household Income
$50,876
Median Earnings
$1,199
Median Rent
$285,200
Median Home Value

Market

Lease Benchmarks for Minneapolis, MN

$17 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
76,115 SF
Avg Space Size

This space is priced 65% above the average of $17 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Landmark Class B office building with abundant daylight, exposed brick and timber, and on-site parking options.
Where is this office building located?
The property is located at 1901-1911 Nicollet Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Landmark Class B office building with exposed brick and timber; 11' ceiling height with exposed timber and metal girder; Abundant daylight from large plate glass windows
(612) 483-1415 Call to check price and availability
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