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Commercial Office and Retail Atrium
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520 Nicollet Mall, Minneapolis, MN 55402

Leasing space features a dynamic interior atrium with skyway access, new street-level facade, and newly updated lobby and tenant rooms.

Property Size2,461 SF
Days on Market1200

Property Features for 520 Nicollet Mall

General Information

Standard status Active
Size 2,461 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: CBRE - Minnesota
Listed By: Larissa Bodine
Source: Moodyscre
Added: Apr 20, 2023 Changed: Jul 26 Last Checked: Aug 1 at 8:18AM

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 CBRE - Minnesota

Investment Insights

Based on property information with market context.

This leasing opportunity offers commercial office and retail space with a dynamic interior atrium. The property includes skyway access and updates such as a new street-level facade, a new first-floor retail presence, and a new lobby. Interior improvements also include dedicated tenant lounge and conference rooms.

On-site parking is available in an underground garage, along with bike storage. The building provides on-site security and is described as the first dog-friendly building in downtown’s Central Business District.

Overall, the combination of office and street-level retail, paired with enclosed skyway connectivity and updated common areas, supports flexible day-to-day operations for tenants.

Key Highlights

  • 140,000 SF of commercial office and retail space available for lease
  • Dynamic interior atrium with skyway access
  • New street‑level facade and newly updated lobby

Property Analytics

Current Use

Biographical Affidavit Verifications Insurance Agency The Functionist (Bike/Boat/Book/etc) Store Western Union Bank CSL International Sports Baker Associates Architect

Suggested Use

Top Pick Electrical Service Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Locksmith Adult Day Care

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,784
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 11% 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 - Leasing space features a dynamic interior atrium with skyway access, new street-level facade, and newly updated lobby and tenant rooms.
Where is this office units located?
The property is located at 520 Nicollet Mall Minneapolis, MN.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 140,000 SF of commercial office and retail space available for lease; Dynamic interior atrium with skyway access; New street‑level facade and newly updated lobby
(612) 961-3652 Call to check price and availability
More about this property
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