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Renovated Office Units with Skyway Access
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706 S 2nd Ave, Minneapolis, MN 55402

Renovated office units within Baker Center with four skyway connections and 2,720 SF in the CBD core.

Space Size2,720 SF
Days on Market811

Property Features for 706 S 2nd Ave

General Information

Standard status Active
Size 2,720 SF
Property subtype OFFICE
Lease Type NNN

Site & Location

Neighborhood Downtown West

Amenities

skyway connections
retailers

Spaces For Lease

at 706 S 2nd Ave
Baker Center Bldg 706 $18.50/SF/Yr
Floor 3
Size 2,720 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
Renovated and including all of the amenities today’s modern workforce demands, Baker Center’s connectivity to everything downtown is unmatched. With its four skyway connections and coveted retailers, Baker Center’s position in the epicenter of the CBD creates a distinctive buzz.
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Listing Agency: JLL
Listed By: Brent Karkula · License #20135879
Source: Moodyscre
Added: Aug 13, 2024 Changed: Oct 25 Last Checked: Nov 1 at 7:50AM

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 JLL

Rey
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Investment Insights

Based on property information with market context.

Renovated office units at Baker Center designed to support today’s modern workforce amenities. The space is offered with 2,720 square feet of office use and access to a building environment that includes retailers within the center.

Baker Center is positioned in the epicenter of the CBD, with four skyway connections intended to provide convenient connectivity to downtown. The property is located at 706 S 2nd Ave, Minneapolis, MN 55402.

For tenants looking for office space inside a connected downtown complex, Baker Center’s multiple skyway connections and in-building retail environment provide an operationally convenient setting.

Key Highlights

  • 2,720 SF office units at Baker Center
  • Renovated interior improvements
  • Four skyway connections for downtown access

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

CATS Software Inc. (Bike/Boat/Book/etc) Store Aleran Software Inc (Bike/Boat/Book/etc) Store Memorial Blood Centers Blood Bank Brehm Group: Bird ... Insurance Agency NBW Insurance Group Insurance Agency

Suggested Use

Top Pick Electrical Service Auto Parts Store Pet Grooming Service Veterinary Clinic (Bike/Boat/Book/etc) 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
$2.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,070
Businesses Nearby

Demographics for 55402, MN

682
Population
564
Households
1.2
Avg Household Size
33
Median Age
60%
College-Educated
95%
High-School Grad
0.2 sq mi
ZIP Area
3,410
Density / Sq Mi
$69,808
Median Household Income
$51,399
Median Earnings
$1,650
Median Rent
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Minneapolis, MN

$18.75 /SF/Yr
Avg Asking Price
$6.5–$26 /SF/Yr
Price Range
9,062 SF
Avg Space Size

This space is priced 1% below the average of $18.75 /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

Frequently Asked Questions

What type of property is this?
Office unit - Renovated office units within Baker Center with four skyway connections and 2,720 SF in the CBD core.
Where is this office unit located?
The property is located at 706 S 2nd Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: 2,720 SF office units at Baker Center; Renovated interior improvements; Four skyway connections for downtown access
(612) 327-7048 · Office Call to check price and availability
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