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Skyway-Connected Office Suites
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40-60 S 9th St, Minneapolis, MN 55402

Office suites in a downtown Minneapolis building across from Target’s flagship store with skyway access and nearby transit options.

Property Size1,631 SF
Days on Market240

Property Features for 40-60 S 9th St

General Information

Standard status Active
Size 1,631 SF
Property subtype OFFICE
Lease Type SF/yr

Amenities

Skyway-connected
excellent ingress and egress
easy access to multiple transit options
Listing Agency: Fine Commercial Real Estate
Listed By: Joe Fine
Source: Moodyscre
Added: Dec 3, 2025 Changed: Jul 25 Last Checked: Jul 25 at 6:16PM

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 Fine Commercial Real Estate

Investment Insights

Based on property information with market context.

The Lakewood Building offers office units and office space in a multi-tenant downtown facility that was previously served as the WCCO headquarters. The property is described as providing flexible leasing and strong tenant access, supported by convenient ingress and egress.

Located in Minneapolis’ Central Business District, the building sits just a half block off Nicollet Mall and directly across from Target’s flagship store. It is also close to the U.S. Bank headquarters and benefits from skyway connectivity along with easy access to multiple transit options.

These office suites provide a straightforward option for downtown professional use and proximity to major employers and a flagship retail anchor.

Key Highlights

  • Office suites in downtown Minneapolis’ Central Business District, half block off Nicollet Mall
  • Directly across from Target’s flagship store in the Lakewood Building
  • Skyway‑connected building with ingress and egress access

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Electrical Service Butcher (Bike/Boat/Book/etc) Store Pet Grooming Service Home Appliance Store Veterinary Clinic

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
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

10,115
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 61% 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
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Frequently Asked Questions

What type of property is this?
Office units - Office suites in a downtown Minneapolis building across from Target’s flagship store with skyway access and nearby transit options.
Where is this office units located?
The property is located at 40-60 S 9th St Minneapolis, MN.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Office suites in downtown Minneapolis’ Central Business District, half block off Nicollet Mall; Directly across from Target’s flagship store in the Lakewood Building; Skyway‑connected building with ingress and egress access
(612) 790-0520 Call to check price and availability
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