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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.

Property Size2,720 SF
Days on Market719

Property Features for 706 S 2nd Ave

General Information

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

Amenities

skyway connections
retailers
Listing Agency: JLL
Listed By: Brent Karkula · License #655349
Source: Moodyscre
Added: Aug 13, 2024 Changed: Jul 31 Last Checked: Jul 31 at 12:33PM

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

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

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

Market

Lease Benchmarks for Minneapolis, MN

$20.3 /SF/Yr
Avg Asking Price
$6.5–$42.94 /SF/Yr
Price Range
12,927 SF
Avg Space Size

This space is priced 9% below the average of $20.3 /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 units - Renovated office units within Baker Center with four skyway connections and 2,720 SF in the CBD core.
Where is this office units 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 Call to check price and availability
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