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Office Complex with Skyway Retail
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523 2nd Ave S, Minneapolis, MN 55402

Office complex with skyway connections and street-level retail/restaurant space, plus 530 on-site parking stalls.

Property Size2,158 SF
Days on Market496

Property Features for 523 2nd Ave S

General Information

Standard status Active
Size 2,158 SF
Total Parking Spaces 530
Property subtype RETAIL

Amenities

skyway connections
Listing Agency: Transwestern
Listed By: Tony Strauss
Source: Moodyscre
Added: Mar 24, 2025 Changed: Jul 28 Last Checked: Jul 31 at 1:05PM

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 Transwestern

Investment Insights

Based on property information with market context.

This office complex includes skyway-connected space along with street-level retail and restaurant space. The property totals 1.3M square feet of GLA.

Access is supported by four skyway connections, with the asset described as centrally located in the heart of the Minneapolis CBD. On-site parking is available with 530 stalls.

Operating expenses and taxes are provided on a combined basis of $10.94 per square foot total, including $6.89 per square foot for operating expenses and $4.05 per square foot for taxes.

Key Highlights

  • Minneapolis CBD office complex with skyway connections plus street‑level retail/restaurant space
  • 1.3M sq. ft. GLA office complex with skyway and street‑level retail/restaurant space
  • 530 on‑site parking stalls

Property Analytics

Current Use

Office buildings

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

4,068
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

$17 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
76,115 SF
Avg Space Size

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 building - Office complex with skyway connections and street-level retail/restaurant space, plus 530 on-site parking stalls.
Where is this office building located?
The property is located at 523 2nd Ave S Minneapolis, MN.
What are key features of this property?
This property features: Minneapolis CBD office complex with skyway connections plus street‑level retail/restaurant space; 1.3M sq. ft. GLA office complex with skyway and street‑level retail/restaurant space; 530 on‑site parking stalls
(612) 396-0610 Call to check price and availability
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