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    Efficient Office Unit in Mixed-Use Building Title is generated by Realmo AI

    3030 Nicollet Ave, Minneapolis, MN 55408

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    Efficient small-business layout in a new mixed-use development with geothermal heat pumps and 200-amp electrical service.

    Type:OFFICE
    Property size:
    761 SF
    Price / SF:
    $168/SF
    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

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    Listing Contact
    JoAnna Hicks
    JoAnna Hicks

    Listing agent JoAnna Hicks

    Listing office Element, Inc

    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

    This for-sale office unit offers an efficient interior layout designed to support a variety of small business uses. The building systems include geothermal heat pumps and a 200-amp electrical service, providing a practical utility setup for everyday operating needs. Ownership also includes ongoing association dues and property tax obligations, with 2026 association dues noted at $499 per month and 2026 property tax noted at $717.78 per year. Buyers should also note the availability of Wells Fargo down payment assistance referenced in the marketing materials.

    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
    761 SF · lease $20.88/SF/yr · vacancy 20.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $135.9K
    $118.9K – $158.5K (±1% cap)
    NOI $9,510 @ 7.0% cap · market cap 7.43%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $181.6K
    $158.9K – $211.8K (±1% cap)
    NOI $12,709 @ 7.0% cap · market cap 9.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Wells Fargo ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2788239
    Latitude
    44.9471152

    FAQs

    What type of property is this?
    Office units - Efficient small-business layout in a new mixed-use development with geothermal heat pumps and 200-amp electrical service.
    Where is this office units located?
    The property is located at 3030 Nicollet Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $127,920.
    What are key features of this property?
    This property features: Heat pumps using geothermal heating; 200‑amp electrical service; Efficient layout suited for a variety of small business uses
    (612) 436-8201 Call to check price and availability
    More about this property
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