3030 Nicollet Ave, Minneapolis, MN 55408
Efficient small-business layout in a new mixed-use development with geothermal heat pumps and 200-amp electrical service.
- Added:
- Jun 2, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 5 at 3:01 am
Property Features for 3030 Nicollet Ave
General Information
- Standard status
- Active
- Size
- 761 SF
- Property subtype
- OFFICE
Listing agent JoAnna Hicks (612) 436-8201
Listing office Element, Inc (612) 436-8201
Listing date Jun 2, 2026
Source Moodyscre
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 Element, Inc
HighLights
- Heat pumps using geothermal heating
- 200‑amp electrical service
- Efficient layout suited for a variety of small business uses
- 2026 association dues: $499/mo
- 2026 property tax: $717.78/yr
Overview
The unit is located within a new mixed-use building described as community-centered, intended to combine office and customer-facing activity under one roof. While the details provided focus on the building’s mixed-use nature rather than specific neighboring tenants, the development context is geared toward businesses that benefit from being in a broader, walk-up environment.
From a user standpoint, this space is best suited for smaller professional and administrative operations that value straightforward functionality and on-site building infrastructure. For buyers evaluating options in a newer mixed-use setting, the combination of an efficient office layout and geothermal heating can be an attractive fit for establishing or expanding a local business presence.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.9k | $20.88 |
| − Vacancy | −$3.2k | −$4.22 |
| EGI | $12.7k | $16.66 |
| − OpEx | −$3.2k | −$4.17 |
| NOI | $9.5k | $12.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2788239
- Latitude
- 44.9471152